Merdeka Copper Gold Partners with Aneka Tambang in 3-Ton Annual Gold Sales Agreement
Thu 05 Mar 2026, 09:59 AM
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PT Merdeka Copper Gold Tbk (MDKA), along with its affiliated entity PT Merdeka Gold Resources Tbk (EMAS), has officially inaugurated a strategic collaboration with PT Aneka Tambang Tbk (ANTM) through the signing of a Gold Sales & Purchase Agreement (GSPA). This agreement marks a new chapter in the orchestration of the domestic gold trade.
The implementation of the agreement is carried out by the respective operational entities of each party. PT Bumi Suksesindo (BSI) and PT Puncak Emas Tani Sejahtera (PETS) act as suppliers, while Antam takes the position as the buyer of gold granules refined in domestic processing facilities. This scheme emphasizes upstream-downstream integration within a single industrial landscape.
The two-year contract covers a transaction volume of approximately 3 metric tons of gold per year, or nearly 100,000 ounces. Consequently, the total supply commitment during the current period is projected to reach 6 metric tons. There is also an optional clause to increase the supply by up to an additional 3 metric tons per year, opening room for production acceleration if required.
The President Director of Merdeka Copper Gold Tbk, Albert Saputro, stated that this collaboration provides market absorption certainty for the Merdeka Group's gold production. Furthermore, he believes this step strengthens the increasingly competitive national gold industry supply chain.
He explained that with a strengthening production foundation from the Tujuh Bukit Gold Mine and the Pani Gold Mine, the company requires a stable, precise, and measurable offtake structure. This GSPA ensures the continuity of production absorption while reinforcing the corporation's contribution to the domestic gold ecosystem.
The gold supply in this partnership originates from two of Merdeka Group’s primary operations. The Tujuh Bukit Gold Mine in Banyuwangi, East Java, managed by BSI, has been operational since 2017 and serves as the backbone of production. Meanwhile, the Pani Gold Mine in Pohuwato Regency, Gorontalo, is under the control of PETS and represents the company’s latest expansion.
The Pani Gold Mine itself is the most recent project in the Merdeka Group portfolio. Initial mining activities began in October 2025. A significant milestone occurred on February 14, 2026, when the project recorded its first gold pour using the heap leach method—an efficient extraction technique for low-grade ore.
Shortly thereafter, specifically on February 27, 2026, the company delivered 44.04 kilograms of dore bullion to Antam to undergo the initial refining stage. This shipment serves as a concrete marker of the new project's operational readiness.
The Commercial Director of Aneka Tambang Tbk, Handi Sutanto, views this partnership as a reflection of the commitment to strengthening national gold sovereignty. According to him, this synergy proves that Indonesian mining products can be processed into pure gold domestically before ultimately being owned and utilized by the public.
The initial sale of pure gold from Merdeka Group to Antam based on the GSPA contract is targeted to be realized before the end of March 2026, closing the first quarter with a significant achievement.
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