A BRIEF OVERVIEW
PT Agincourt Resources (PTAR) specialises in gold and silver exploration, mining and processing within the Martabe Gold Mine. Our operational area is situated in Province of North Sumatra, with overall management functions based in Jakarta.
PT AGINCOURT RESOURCES
SHAREHOLDERS
In 2023 employing a workforce of over 3,000 employees and contractors. Over 99% of our workforce are Indonesian Citizens (WNI), with more than 70% locally recruited. Going forward, the Company will continue to be committed to implementing operational activities to secure and sustainable operations, minimal environmental impact and long-term benefits for local stakeholders.
The Martabe Gold Mine, situated in South Tapanuli Regency, North Sumatra, spans 657 hectares per December 2023 and commenced production on July 24, 2012. It boasts an annual capacity exceeding 6 million tonnes of ore, resulting in an annual output of over 200,000 ounces of gold and 1-2 million ounces of silver.
All of the operation activity is governed by a 30-year Contract of Work (CoW) in collaboration with the Government of Indonesia, the mining area has evolved from the original 6,560 km2 in 1997 to its present refinement of 130,252 hectares (1,303 km2), encompassing the South Tapanuli, Central Tapanuli, North Tapanuli and Mandailing Natal Regencies. As of June 2023, the mineral resources totalled 6.2 million ounces of gold and 59 million ounces of silver.
