In First Quarter of 2018, Merdeka Copper Gold Gained US $ 74.5 Million Sales

INDUSTRY.co.id - Jakarta - The positive performance of PT Bumi Suksesindo (BSI), a subsidiary of PT Merdeka Copper Gold Tbk (MDKA) in 2017 continues this year.

Information received by INDUSTRY.co.id Tuesday (22/5/2018) mentions, until the first quarter of 2018, MDKA produces gold of 28,661 ounces of gold and 19,727 ounces of silver with an average selling price of US $ 1,334 / oz and US silver $ 17 / oz.

Thus MDKA achieved sales of US $ 74.5 million with a net profit of US $ 25.1 million. This achievement is lower than average due to the high rainfall that is often associated with the annual rainy season. Nevertheless, by 2018, MDKA gold production is targeted to increase to 155,000 oz - 170,000 oz of gold.

As of March 2018, the labor involved in the mining project reached 2,099 people with 99% of whom are Indonesian citizens and 1% expatriates. Of the total workforce, 60% comes from Banyuwangi District, including about 38% of the local Pesanggaran Subdistrict.

PT BSI as the concession holder and or permit for the management of Tujuh Bukit gold mine in the first quarter of 2018 recorded 7.5 million working hours free from work injuries thanks to the implementation of a strict and disciplined operational system of work.

"PT Merdeka Cooper is committed to optimizing local resources, especially the communities surrounding the mining area," said Adi Adriansyah Sjoekri, MDG President Director Adiansyah Sjoekri after the Annual and Extraordinary General Meeting of Shareholders (AGMS and EGM) in Jakarta on Monday (21/5). / 2018).

In addition, Adi continued, MDKA through BSI also play an active role in running Corporate Social Responsibility (CSR) program and has reached around 42,000 residents, especially those located in Pesanggaran Subdistrict, Banyuwangi, East Java, the location of Tujuh Bukit Gold Mine.