Top Ten Gold Mining Companies In Indonesia | Gold Mining in Indonesia

Gold Mining is a complicated industry, and as such has many different companies. This list of the 10 best gold mining companies in Indonesia will help you learn more about these gold mining companies, what they do, where they are located, and how much revenue they make per year. Hopefully, this blog post is helpful to you; if it is not please send us feedback so that we can improve our content for you!

Ten Best Gold Mining Companies In Indonesia

This list of the best gold mining companies in Indonesia is sorted by revenue per year, with the company making the most money at the top. This information may be helpful to you especially if you are looking for investment opportunities or just want to learn more about what these companies do and where they are located.

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1.PT. FREEPORT INDONESIA

PT. FREEPORT INDONESIA
PT. FREEPORT INDONESIA

PT. FREEPORT INDONESIA is the biggest gold mine company in Indonesia that mines gold, silver, and copper for their customers in Indonesia. They are located in the Freeport area of Papua near Timika with a population of around 100 people as of 2009. In 2012 they mined about 800,000 ounces (24 kg) of gold from alluvial deposits; by 2013 this number grew to over 900,000 ounces (27 kg).

The site PT. FREEPORT INDONESIA operates at was discovered in 1978 through exploration work done by contractors who were surveying for oil resources on behalf of Mobil Mining Company USA LLC and Freeport Minerals Incorporated.

This mining company has been running since 1966 when it opened up its first mine called the Ok Tedi Mine. They’ve mined gold, silver, and copper; they even have a research department with its own laboratory for the exploration and testing of materials.

In 1990 the government issued PT FREEPORT INDONESIA an export license to sell their mineral resources in order to help stabilize the Indonesian currency.

Industry:Mining
Employees:750
Founded1966
Revenue Per Year (USD)$258.15
LocationMimika Regency, Papua, Indonesia
Websitehttps://ptfi.co.id/

2.PT. ANEKA TAMBANG TBK- Gold Mining Companies In Indonesia

PT. ANEKA TAMBANG TBK- Gold Mining Companies In Indonesia
PT. ANEKA TAMBANG TBK

PT. ANEKA TAMBANG TBK is a one of the biggest gold mine in the world that has been running since 1968; they operate their mines in Indonesia and also in Sri Lanka.

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In 2010, PT. ANEKA TAMBANG TBK was listed on the Jakarta Stock Exchange (IDX) by obtaining an IDX-listed status, which meant that investors could invest with them without having to go through any complicated process of opening up accounts or transferring money abroad

Industry:Mining
Employees:1250+ (in 2010)
Founded1968
Revenue Per Year Rp 25.2 trillion (2018)
LocationPurwakarta Regency – South Jakarta, Jakarta, Indonesia
Websitehttps://www.antam.com/en

3.PT. NUSA HALMAHERA MINERALS

PT. NUSA HALMAHERA MINERALS,gold mining companies in indonesia
PT. NUSA HALMAHERA MINERALS

PT. NUSA HALMAHERA MINERALS is a gold mining company that focuses on producing and trading gold.

In 2018, PT. Nusa Halmahera Minerals was listed as one of the best-performing stocks in Indonesia with an increase of 24% from 2017 to 2018.

PT. Nusa Halmahera Minerals currently has two gold mine in Indonesia and four exploration sites. The first mine opened in 2011 and the second was established five years later

There are plans of opening up another mine by 2020 to maximize production capacity

In 2017, PT. Nusa Halmahera Minerals produced around 220 kgs of gold with a total value of Rp12 trillion (US$750 million) as well as exporting 230kgs worth US$250 million dollars. In 2018 they increased their output to 250 kilograms for a total export value of US$280 million dollars.

Industry:Mining
Founded1997
Revenue Per Year (USD)Rp 44 trillion (2018)  
LocationEast Java – North Jakarta, Indonesia

4.PT. MERDEKA COPPER GOLD TBK

PT. MERDEKA COPPER GOLD TBK,biggest gold mine in the world
PT. MERDEKA COPPER GOLD TBK

PT. MERDEKA COPPER GOLD TBK is an Indonesian mining company that specializes in copper, gold, and silver

It was founded on September 12th of 2000 to explore and develop the potential for mineral resources in Indonesia. Originally part of PT Indosuez Nickel Tbk. it became a separate entity six years later when they listed themselves under Bursa Efek Indonesia (BEI).

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The Company has its headquarters in Jakarta with branches across various parts of Java-like Surabaya, Malang, Palembang, and Tasikmalaya.

Their first project gained them access to one million hectares which gave them the opportunity to extract minerals such as nickel ore, copper concentrate, zinc ore and lead concentrates from various locations.

The Company’s most recent success came in the form of a goldmine at Cikijing, which was completed on January 15th, 2018, and has shown to be very successful since then.

Industry:Mining
Employees:2570+
Founded2012
Revenue Per Year (USD)$402.04M
LocationJakarta, Jakarta,Indonesia
Websitehttps://www.merdekacoppergold.com/en/

5.PT. TANSRI MADJID ENERGI

PT. TANSRI MADJID ENERGI gold mine company in Indonesia
PT. TANSRI MADJID ENERGI gold mine company

PT. TANSRI MADJID ENERGI, otherwise known as TMECO or Trans Madjid Energy Company is an Indonesian company that specializes in energy and green mining activities.

The company was founded by the late Mr. Farukh Rahim on April 22nd, 1989, and has grown to be a very popular one with over 40 years of experience in coal mining which lead them to expand into other industries like gold ore processing and gas exploration.

Their headquarters are located in South Jakarta.

heir gold mining efforts are based around the Jambi region of Sumatra, which is shown to have a high concentration of mineral deposits that could be extracted for sale on the global marketplace.

Industry:Mining
Founded1989
LocationJakarta, Jakarta,Indonesia

6.PT. ARCHI INDONESIA – Biggest Gold Mine in Indonesia

PT. ARCHI INDONESIA - Biggest Gold Mine in Indonesia
PT. ARCHI INDONESIA

This company is one of the leading gold mining companies in Indonesia and has been for over 20 years.

It was founded by two pioneers with backgrounds from the coal industry: Mr. Lubis Rakhmana (CEO) and Dato’ Sri Paduka Drs. Hj Naimi Abdul Rahman Kamal (Director). They are expanding their business ventures and will also be processing copper ore, the country’s second-best export.

Industry:Mining
Employees:1500+
Founded1997
LocationJakarta, Jakarta,Indonesia
Websitehttp://www.archimining.com

7. PT. SUMBAWA TIMUR MINING 

PT. SUMBAWA TIMUR MINING , gold mines company in Indonesia
PT. SUMBAWA TIMUR MINING 

This is one of Indonesia’s most advanced gold companies, with a mine in the vicinity of Bima. They are also involved in silver and nickel mining.

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They have been active since 1975 when they began exploring for graphite all over Sulawesi Island and eventually opened their first coal-fired power plant which provides electricity to the province’s residents as well as exporting it abroad.

Industry:Mining
Employees:550+ (350 on payroll)
Founded1975
LocationJakarta, Jakarta,Indonesia
Websitehttps://sumbawatimurmining.co.id/

8.PT. KENDA RESOURCES INTERNATIONAL

PT. KENDA RESOURCES INTERNATIONAL, Indonesian gold mine company
PT. KENDA RESOURCES INTERNATIONAL

This is Indonesia’s largest mining company, with more than 100 years of experience in the sector.  They have a large mining operation that covers Sumatra and Kalimantan’s gold reserves, as well as owning one-third of the Grasberg mine in Papua – the world’s second-largest copper mine. They export 24 million tonnes per annum to China alone.

Industry: Mining

Employees:  more than 30 000 (17 500 on payroll)

Founded: 1918

Location: Jakarta, Jakarta Indonesia

Website: https://kendaresources.com/

Industry:Mining
Employees:more than 30 000 (17 500 on payroll)
Founded1918
LocationJakarta, Jakarta Indonesia
Websitehttps://kendaresources.com/

9.PT. INDOTAN HALMAHERA BANGKIT

PT. INDOTAN HALMAHERA BANGKIT
PT. INDOTAN HALMAHERA BANGKIT

This is Indonesia’s largest gold mining company, with more than 30 years of experience.  They have a large mine in Halmahera – the second-largest gold deposit on earth after South Africa’s Witwatersrand basin and are a major supplier of nickel as well. The firm has proved reserves of over 36 million ounces of gold at its Kinok milling site in West Papua.

Industry:Mining
Employees:more than 20 000 (13 500 on payroll)
Founded1976
LocationJakarta, Jakarta Indonesia
Contact Number+62-2166677788

10.PT. MEARES SOPUTAN MINING

PT. MEARES SOPUTAN MINING
PT. MEARES SOPUTAN MINING

Mearas is a gold mining company in Indonesia and one of the largest producers in Asia.  It has been operating since 1989, with its headquarters on Halmahera island off Eastern Indonesia. Mearas has reserves of over 18 million ounces of gold at their Kinok milling site in West Papua.

Industry:Mining
Employees:more than 20 000 (13 500 on payroll)
Founded1979
LocationJakarta, Jakarta Indonesia
Websitewww.tokatindung.wartabintaro.com

FAQ

1.Is there gold mining in Indonesia?

There is gold mining in Indonesia, but it does not produce much gold. Indonesia produces three percent of the world’s gold production.

2.What are the biggest gold mining companies in Indonesia?

The biggest gold mining company in Indonesia is PT Aneka Tambang.

3.Who owns the largest gold mine in the world?

The largest gold mine in the world is Grasberg.

4.Which country is the biggest gold producer?

Australia is the biggest gold producer in the world.
world’s top producers:
-Australia – 20%
-China – 12%
-South Africa – 11%

Conclusion:

Gold mining companies in Indonesia are on the rise due to a small change in government law. This has had significant positive impacts on the country’s economy and should be looked at as an example of how entrepreneurship can create sustainable growth.

In this article, we looked at the top 10 gold mining companies in Indonesia. If you have any questions or suggestion please feel free to ask in the comment.

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