PT Merdeka Copper Gold Tbk acquired 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol for approximately IDR 840 billion
November 05, 2018
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PT Merdeka Copper Gold Tbk (IDX:MDKA) acquired 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol for approximately IDR 840 billion on November 2, 2018. PT Pani Bersama Emas will get IDR 69.2 billion, Ace Power Investment Limited will get IDR 767.2 billion and Januarius Felix Lumban Gaol will get IDR 27.7 million for the sale of their respective stake in PT Pani Bersama Jaya. Post completion, PT Pani Bersama Jaya will become subsidiary of PT Merdeka Copper Gold Tbk. The transaction will have a positive impact on PT Merdeka Copper Gold Tbk's operational viability, namely increasing its productivity in the future.
PT Merdeka Copper Gold Tbk (IDX:MDKA) completed the acquisition of 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol on November 2, 2018.
PT Merdeka Copper Gold Tbk is an Indonesia-based metal and mineral mining holding company. The Company explores, extracts and produces gold, silver, copper and other minerals. The Companyâs operations include Tujuh Bukit Gold Mine and Wetar Copper Mine. The Tujuh Bukit Gold Mine has an area of approximately 4,998 hectares (ha) in the production forest area in Sumberagung Village, Pesanggaran District, Banyuwangi Regency. The Wetar Copper Mine is located on Wetar Island, Southwest Maluku, and occupies an operating area of approximately 2,733 ha. Its Seven Hills Copper project is an underground copper mine in Banyuwangi. Its Pani Gold Project is located in Gorontalo, Sulawesi, which is Indonesia's primary gold mine. Its AIM (Acid, Iron, Metal) Project is a mineral processing plant in Morowali, Central Sulawesi. The Company's subsidiaries include PT Bumi Suksesindo, PT Merdeka Mining Servis, Eastern Field Developments Ltd. and other.
PT Merdeka Copper Gold Tbk acquired 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol for approximately IDR 840 billion