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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

Summary

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 Gold Mine is a conventional open cut mine with a heap leach pad and processing via ADR plant for gold and silver. Tujuh Bukit Gold Mine has potential opportunity to extend mine life by additional three years to 2029.

Infill and extension drilling in 1H 2024 is expected to upgrade further and additional resources will be defined. Targeted feasibility work in H2 2024 aims to deliver a significant mine life extension for the Tujuh Bukit gold mine.

The Tujuh Bukit Copper Project is one of the world’s largest preproduction copper projects, is located beneath the operating Tujuh Bukit Gold Mine. The PFS confirms attractive project economics for developing a globally significant, long-life, underground mine adopting a phased approach.

Owners

SourceSource
CompanyInterestOwnership
PT Merdeka Copper Gold Tbk 100 % Indirect
PT Bumi Suksesindo (operator) 100 % Direct
PT Merdeka Copper Gold Tbk, 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.

Contractors

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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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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20242023202220212020201920182017
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe223,042 167,506 141,468 
Silver oz  ....  Subscribe  ....  Subscribe409,492140,594
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics2023202220212020201920182017
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7.4 Mt5.3 Mt3.3 Mt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8.4 Mt9.4 Mt4.1 Mt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7.4 Mt4.9 Mt3.2 Mt
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe22,500 t
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8.2 Mt4 Mt4 Mt

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs Gold USD  ....  Subscribe  ....  Subscribe 430 / oz **   374 / oz **   297 / oz **  
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 640 / oz **   596 / oz **   425 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Mine Financials

Units2023202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 312   235   133  
EBITDA M USD  ....  Subscribe  ....  Subscribe 210   155   100  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 25, 2024

Workforce

Total WorkforceYear
...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2021
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...... Subscription required 2019

Aerial view:

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