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Indonesia

Tujuh Bukit Gold Mine

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Tujuh Bukit Gold Mine

Location: 55 km SW from Banyuwangi, Indonesia

Address:

92GQ+497, Perhutani, Sumberagung, Kec. Pesanggaran, Kabupaten Banyuwangi, Jawa Timur
Indonesia
68488

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotTujuh Bukit Gold Mine is one of the largest primary gold mine in Indonesia.

Tujuh Bukit Copper Project is located beneath the existing Tujuh Bukit Gold Mine. Merdeka released a project update in the form of a Scoping Study. The Scoping Study envisages a large-scale underground block cave mine with a peak mill feed of 24Mtpa, which is estimated to produce 2.9Mt of copper and 10.1Moz of gold over a mine life of 40 years. The PFS is expected to be completed in March 2023.

Merdeka is aiming to complete the environmental permitting by September 2023, with the start of development to commence in early 2024.

Owners

SourceSource
CompanyInterestOwnership
PT Merdeka Copper Gold Tbk 100 % Indirect
PT Bumi Suksesindo (operator) 100 % Direct
PT Merdeka Copper Gold Tbk (“Merdeka”), a holding company with operating subsidiaries engaging in mining business activities. The subsidiaries are (i) PT Bumi Suksesindo (“BSI”) as the holder of the operation production mining business license for the Tujuh Bukit mine, (ii) PT Damai Suksesindo (“DSI”) which holds the adjacent exploration permit, (iii) PT Batutua Tembaga Raya (“BTR”) as the holder of operation production mining business license specifically for processing and refining.
SourceSource

Deposit type

  • Epithermal

Summary:

The Tujuh Bukit Oxide deposits are classified as High Sulphidation Epithermal (HSE) type containing economic accumulations of gold and silver.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2023202220212020201920182017
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe223,042167,506141,468
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202220212020201920182017
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe7.4 Mt5.3 Mt3.3 Mt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe8.4 Mt9.4 Mt4.1 Mt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe7.4 Mt4.9 Mt3.2 Mt
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe22,500 t
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe8.2 Mt4 Mt4 Mt

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 430 / oz **   374 / oz **   297 / oz **  
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 640 / oz **   596 / oz **   425 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Financials

Units202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 312   235   133  
EBITDA M USD  ....  Subscribe  ....  Subscribe 210   155   100  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023

Total WorkforceYear
...... Subscription required 2022
...... Subscription required 2021
...... Subscription required 2020
...... Subscription required 2019

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