The agreement is valid for two years with a total transaction volume of 3 metric tons (nearly 100,000 ounces of gold per year), with an option to increase by up to 3 additional metric tons per year. Under this partnership, BSI and PETS act as the sellers, while ANTAM serves as the buyer of domestically refined gold granules.

The gold production covered under this agreement comes from two of Merdeka Group’s key operations: the Tujuh Bukit Gold Mine in Banyuwangi, East Java, operated since 2017 by BSI, and the Pani Gold Mine in Pohuwato, Gorontalo, operated in part by PETS.

The Pani Gold Mine is the Group’s newest operation. The mine commenced first mining in October 2025 and successfully achieved its first gold pour on 14 February 2026 through the heap leach process. On 27 February 2026, the mine also delivered 44.04 kilograms of dore bullion to ANTAM for its first refining process. The first sale of refined gold under the GSPA is targeted to take place before the end of March 2026.

President Director of PT Merdeka Copper Gold Tbk, Albert Saputro, stated that the partnership represents a strategic step to ensure domestic absorption of the Group’s gold production while strengthening the integration of Indonesia’s gold industry supply chain. “With a growing production base from the Tujuh Bukit and Pani gold mines, we need a stable and measurable offtake structure. This GSPA provides certainty for production offtake while reinforcing our contribution to the domestic gold industry,” said Albert.

ANTAM Commercial Director Handi Sutanto added that the partnership reflects stronger national gold sovereignty, where Indonesia’s mined resources are refined into pure gold products accessible to the public. ANTAM’s gold bar products are accredited by the London Bullion Market Association (LBMA). Through this collaboration, the integration of Indonesia’s gold supply chain is expected to become even stronger.

Going forward, with an increasingly solid production base from the Tujuh Bukit and Pani gold mines and the support of strategic partnerships, Merdeka Group remains optimistic about further increasing its contribution to Indonesia’s gold industry.

Main photo: Representatives of MDKA, EMAS, and ANTAM during the agreement signing on 4 March 2026.

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The Roworejo River is located not far from the Tujuh Bukit Gold Mine operated by PT Bumi Suksesindo (BSI). Both are situated in Sumberagung Village, Pesanggaran Subdistrict, Banyuwangi, East Java. When the Sumberagung Village Government initiated the normalization of the Roworejo River to reduce flood risks, the subsidiary of PT Merdeka Copper Gold Tbk provided support by covering the cost of excavator operations.

The river normalization work began on Saturday, 24 January 2026, targeting a one-kilometer stretch of the river. The process has been directly monitored by the Head of Pancer Hamlet, Estu Raharjo. Improved water flow following the normalization is expected to reduce flood risks. According to Estu, the effort is also crucial to protecting local livelihoods. “Our farmers depend heavily on their crops. When flooding occurs, plants are damaged and they suffer losses,” he said.

The excavator deployed on site has also been used for other community needs, such as creating household waste disposal pits to prevent rubbish from being carried into the river during the rainy season.

BSI’s support for river normalization in Sumberagung Village is not without precedent. In 2019, BSI was involved in the normalization of the Gonggo River, which had previously overflowed frequently, flooding residential areas, damaging farmland, and leaving large amounts of waste behind. After the river was dredged and the removed sediment was used to build embankments, areas that had experienced flooding up to three times a year were no longer affected.

Support for the normalization of the Roworejo River forms part of BSI’s ongoing involvement in environmental management around its mining operations. Through cooperation with the village government and local communities, flood mitigation efforts are expected to be carried out more effectively and deliver tangible benefits for the residents of Sumberagung.

Artikel Flood Mitigation Efforts, BSI Supports the Normalization of the Roworejo River in Sumberagung pertama kali tampil pada PT Merdeka Copper Gold Tbk.

The Pani Gold Mine is a strategic project of PT Merdeka Gold Resources Tbk, a subsidiary of PT Merdeka Copper Gold Tbk. As part of the Merdeka Group, the development of the Pani Gold Mine draws on the Group’s experience in operating the Tujuh Bukit Gold Mine in Banyuwangi, East Java, which applies a similar processing method. This experience provides a strong foundation for technical planning, facility development, and the implementation of operational and sustainability standards at the Pani Gold Mine.

During the initial production stage, the Pani Gold Mine applies the heap leach method, whereby crushed gold ore is stacked on a heap leach pad and irrigated with a chemical solution to dissolve gold and silver from the ore. The resulting pregnant leach solution is then transferred to the ADR Plant (Adsorption, Desorption, and Recovery) for extraction and refining processes, producing gold and silver in the form of dore bullion. The Pani Gold Mine ADR facility has completed its commissioning phase and is ready to process pregnant leach solution.

President Director of PT Merdeka Gold Resources Tbk, Boyke Poerbaya Abidin, stated that the commencement of heap leach irrigation underscores the project’s readiness to achieve its first gold production target.

“This project is not only expected to drive long-term value for investors, but also to make a tangible contribution to regional development, particularly for communities in Pohuwato Regency, through increased local government revenue, job creation, and the development of local MSMEs,” said Boyke.

Alongside the operation of the heap leach facility, the Pani Gold Mine continues to advance the development of a downstream Carbon-in-Leach (CIL) processing facility as part of its medium- to long-term production capacity growth strategy. A Feasibility Study, targeted for completion in the first quarter of 2026, is currently being prepared based on a planned CIL processing capacity of 12 million tonnes per year, to be constructed and operated at full capacity from the outset. This approach replaces the previous plan, which envisaged starting operations at a capacity of 7.5 million tonnes before gradually ramping up to 12 million tonnes.

From a resource perspective, the Pani Gold Mine holds approximately 4.8 million ounces of gold Ore Reserves, derived from a Mineral Resource Estimate of more than 7 million ounces of gold. With this scale, the Pani Gold Mine is recognized as one of the largest primary gold deposits in Indonesia. Through the optimization of heap leach operations and the development of a large-scale CIL facility, the Pani Gold Mine has the potential to reach peak production exceeding 500,000 ounces of gold per year, positioning it as one of the largest gold mines in Indonesia and the Asia-Pacific region.

Artikel Heap Leach Irrigation Commences, Pani Gold Mine Moves Toward First Gold Production pertama kali tampil pada PT Merdeka Copper Gold Tbk.

According to Roelly Fransza, General Manager of Operations and Head of Mining Engineering at BSI, the award reflects the discipline and commitment of all BSI employees in implementing OHS across all operational activities, both at the Tujuh Bukit Gold Mine and the Tujuh Bukit Copper Project, which together form the Tujuh Bukit Operations (TBO).

Throughout 2025, BSI recorded 19.7 million work hours with zero lost time injuries and zero recordable injuries. This means no incidents occurred that required official reporting under mining safety standards.

This performance was further reinforced by a low Serious Potential Incident Frequency Rate (SPIFR) of 0.37—well below the target of <1.47. It demonstrates the company’s strong ability to manage major risks through effective systems, supervision, and disciplined work practices.

These achievements were previously announced during BSI’s National OHS Month ceremony at its operations site on 12 January 2026, two days before the provincial award was received. The 2026 National OHS Month program includes a series of strategic, promotional, and implementation-based activities, such as health webinars, BSI Fun Run, OHS Reflection Day, and the Internal Rescue Challenge.

“No production target is more important than human life,” said Roelly during the ceremony. He emphasized that everyone deserves to return home safely and in good health after work.

In 2026, BSI aims to take its OHS implementation to the next level under the theme On to the Next Level. The company has embedded Safety Beliefs and Duty of Care into its safety management system to further strengthen a safety-driven culture.

With a strong OHS foundation and continued commitment, BSI is determined to ensure that every worker at Tujuh Bukit Operations can work and return home safely.

Artikel Bumi Suksesindo Receives OHS Award from the Governor of East Java pertama kali tampil pada PT Merdeka Copper Gold Tbk.

The opening ceremony was attended by the Banyuwangi Regional House of Representatives (DPRD), Banyuwangi local government officials (Forpimda), representatives from the Banyuwangi Education Office, Pesanggaran subdistrict officials (Forpimka), village heads from across Pesanggaran, BSI management, as well as students and local community members.

BSI, a subsidiary of PT Merdeka Copper Gold Tbk and the operator of the Tujuh Bukit Gold Mine in Banyuwangi, launched two flagship programs at Rumah Pintar: free computer courses and English classes for students in grades 4–6 (elementary) and 7–9 (junior high). These programs are run by Yayasan Bina Sarana Indonesia as the managing partner. The learning facilities are fully equipped and comfortable, featuring six air-conditioned rooms—two for English, two for computer classes, one library, and one teachers’ room—along with supporting areas such as a kitchen, prayer room, and restrooms. Some students present at the inauguration tried out the learning tools, marking the beginning of the facility’s use.

Rumah Pintar is part of BSI’s Community Development and Empowerment Program (PPM), implemented through eight pillars including education, health, income enhancement, economy, social and cultural development, environment, community institutions, and infrastructure. In education, the facility is projected to become a center for literacy improvement, digital skills, and vocational learning outside regular school hours.

“Children can learn comfortably here,” said BSI Director Riyadi Effendy. “We hope Rumah Pintar can make a positive contribution to the community.”

Banyuwangi Regent Ipuk Fiestiandani welcomed the new facility, saying, “With the presence of Rumah Pintar, children can better understand digitalization and compete with peers from other regions. Students’ graduation education index is expected to improve, in line with the local government’s mission to enhance education through vocational programs. Thank you to BSI. May Rumah Pintar serve as a stepping stone for children in Banyuwangi to achieve a bright future, especially in the Pesanggaran area.”

In addition to inaugurating Rumah Pintar, Regent Ipuk and BSI signed the plaques for the newly renovated SDN 7 and SDN 9 Sumberagung, marking the completion of two other PPM education programs. The Regent also toured classrooms to ensure the quality of the renovations and their benefit to students.

BSI’s General Manager of Operations and Chief Mining Engineer, Roelly Fransza, added, “BSI’s spirit here is, if anyone asks where in Indonesia children can receive quality education, it is here in Banyuwangi.”

The Smart House is BSI’s first facility in Banyuwangi built with fully equipped learning amenities. With a combination of modern educational facilities, skill enrichment programs, and collaboration between local government, the community, and the company, Rumah Pintar is expected to serve as a crucial stepping stone for the future of Pesanggaran children.

Photos: Scenes of Rumah Pintar, including the exterior, classrooms, kitchen, and prayer room.
Main photo: Students trying out learning devices at Rumah Pintar on the inauguration day.

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The Prasetya Ahimsa Award is given to 40 companies in the mineral and coal sector that successfully implemented the highest safety standards throughout 2023. According to the Ministry, this award is presented to companies that pass rigorous assessments, report consistently on safety, and remain free from fatal incidents.

On October 25, 2024, Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Tri Winarno, presented the award to BSI’s President Director, Adi Adriansyah Sjoekri, during a mining company directors’ meeting in Bandung.

“I am incredibly proud,” said Adi Sjoekri. “This award strengthens our commitment to a safe operational future that maximizes positive impacts for our community.”

As a subsidiary of PT Merdeka Copper Gold Tbk, BSI has prioritized OHS from the outset, since beginning operations at the Tujuh Bukit Gold Mine in Banyuwangi, East Java. Strict safety standards are embedded in every daily activity to ensure a safe and sustainable work environment.

This achievement adds to the four other awards BSI received in the 2024 Good Mining Practices (GMP) Awards on September 25. In the event, BSI  received the Main Award for Mineral Mining Technical Management, the Pratama Award for Mining Safety Management, and both the Aditama and Best Awards for Environmental Management. These awards reflect the company’s commitment to applying good mining practices.

As part of the GMP Awards, the Prasetya Ahimsa specifically highlights the company’s exemplary mining safety performance.

These accolades reflect BSI’s dedication to maintaining the highest safety standards across all operations. With this award, BSI reaffirms its commitment to safe mining operations in line with the government’s vision for a secure, sustainable, and positively impactful mining environment.

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Photo: Adi Adriansyah Sjoekri, Bumi Suksesindo President Director (two from right) in the Prasetya Ahimsa award session.

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The company, which operates the Tujuh Bukit Gold Mine, received the Main Award for Mineral Mining Technical Management, the Pratama Award for Mining Safety Management, and both the Aditama and Best Awards for Environmental Management. These awards reflect the company’s commitment to applying good mining practices.

“As part of PT Merdeka Copper Gold Tbk, BSI strives to manage its mining operations with high compliance standards to deliver optimal contributions to our stakeholders,” said Adi Adriansyah Sjoekri, President Director of BSI.

He also expressed gratitude for this achievement and reaffirmed BSI’s commitment to environmental management, which includes monitoring water, soil, and air quality, as well as conducting land rehabilitation in accordance with existing regulations.

The GMP Awards, first held in 2020, aim to recognize and motivate companies to excel in technical management, safety, environmental conservation, and mining services. Several of the awards received by BSI are long-standing types of awards that ESDM has been presenting at different events, such as the Mining Safety Management Award, which has been awarded since 1992, and the Environmental Management Award since 2004. These awards have been given to various companies over the years in recognition of excellence in mining safety and environmental management.

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Photo:  Adi Adriansyah Sjoekri, President Director of BSI, and Iwa Mulyawan, Government & Communication Affairs Manager of BSI (far left and far right) in the 2024 GMP Award.

Artikel Bumi Suksesindo Wins Four Awards at the 2024 GMP Awards pertama kali tampil pada PT Merdeka Copper Gold Tbk.

The award was presented by Transmedia Director, Warnedy, to BSI’s Head of Mining Engineering, Roelly Fransza, at the 2024 CNN Indonesia Awards held at The Westin Hotel Surabaya on September 25, 2024. This year’s CNN Indonesia Awards carried the theme “From East Java, Towards Indonesia’s Glory,” recognizing local governments, state-owned enterprises, and private companies for their outstanding innovations.

“This award motivates us to continue bringing benefits to local residents and community groups, especially in the areas surrounding the mine,” said Roelly.

BSI’s social programs, implemented under the Community Development and Empowerment Program (PPM), are aimed at empowering local communities. These initiatives include scholarships, support for small and medium-sized enterprises (SMEs), public infrastructure development, as well as health and socio-cultural programs.

One of the successful initiatives is the construction of roads in Sumbermulyo and Rowojambe, extending to Pancer, along with village roads in Pesanggaran District. These infrastructure projects have improved community access and indirectly boosted social and economic activities.

The PPM programs are implemented not only in the immediate vicinity of the mine but also extend to neighboring areas, including Banyuwangi Regency. Since 2018 until 2023, BSI has invested more than IDR 156 billion to carry out these initiatives.

“We simply want to be good neighbors,” Roelly remarked. “Through the PPM, we aim to help the community become self-reliant, especially as the mine’s lifespan eventually comes to an end. We are grateful to the community and the government for their support, which has enabled us to receive this award.”

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Main photo:  BSI’s Head of Mining Engineering receives CNN Indonesia Awards 2024.

Artikel Bumi Suksesindo Wins Community Empowerment Award at CNN Indonesia Awards 2024 pertama kali tampil pada PT Merdeka Copper Gold Tbk.

This event honored 40 top taxpayers registered at several tax offices under the jurisdiction of DJP East Java III, including KPP Madya Malang. The award highlights BSI’s vital role, as a subsidiary of PT Merdeka Copper Gold Tbk, in supporting tax revenues for KPP Madya Malang. BSI operates the Tujuh Bukit Gold Mine in Banyuwangi, East Java. The award was received by Tri Wahyudi, Assistant Manager of Tax at PT Merdeka Copper Gold Tbk.

Tri Bowo, Head of DJP East Java III, praised the taxpayers for achieving tax revenue targets despite the economic challenges. “Taxes play a key role in national development,” he stated. “Equally important is how taxpayers help oversee the use of tax funds for the nation’s development.”

In Jakarta, similar awards were recently presented to PT Sulawesi Cahaya Mineral, which manages the SCM Mine in Konawe, Southeast Sulawesi, as well as PT Merdeka Battery Materials Tbk and PT Merdeka Tsingshan Indonesia. These recognitions reflect BSI’s commitment, along with all subsidiaries under the Merdeka Group, to fulfilling their tax obligations and supporting the economic progress and development of the nation.

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Main photo: From left to right: Tri Bowo (Head of DJP Regional Office for East Java III), Tri Wahyudi (Assistant Manager of Tax at PT Merdeka Copper Gold Tbk), and Muhammad Sukri Subki (Head of KPP Madya Malang).

Artikel Bumi Suksesindo Receives Tax Award from DJP East Java III pertama kali tampil pada PT Merdeka Copper Gold Tbk.

At the festival, Merdeka Group showcased an exhibition booth representing PT Merdeka Copper Gold Tbk and PT Merdeka Battery Materials Tbk (MBM). The booth featured posters, videos, infographics, and various mineral samples, highlighting Merdeka’s sustainability performance and how the company optimizes every mined mineral to create valuable products, especially for the global electric vehicle industry. The booth also hosted recycling workshops, transforming used cans into plant pots and leftover textile materials into tote bags.

On the second day of the festival, three speakers from Merdeka Group participated in a talk show titled “Optimizing the Integrated Electric Vehicle Battery Supply Chain to Support Global Energy Transition and National Decarbonization Agenda.”

Muhammad Toha, General Manager of Compliance, began the discussion by emphasizing Indonesia’s significant potential in the nickel industry, which accounts for 23.7% of the world’s nickel reserves. He explained how MBM utilizes new technology to process low-grade nickel that was previously considered unvaluable. MBM’s business assets, such as the Sulawesi Cahaya Mineral (SCM) nickel mine, the AIM (Acid, Iron, Metal) Plant, and the advanced smelting technologies being developed, including the Rotary Kiln Electric Furnace (RKEF) and High-Pressure Acid Leach (HPAL) facilities, will play a critical role in supporting the global energy transition.

Bahtiar Manurung, Sustainability Manager, continued by outlining Merdeka Group’s commitment to sustainability through clear and comprehensive policies, strategies, and governance. He stressed the importance of achieving Net Zero Emissions by 2050 for Scope 1 and 2 and highlighted the development of the Climate Change Policy. Merdeka Group has also purchased Renewable Energy Certificates from PT PLN (Persero), ensuring that 100 percent of the electricity for the Tujuh Bukit Gold Mine now comes from renewable energy sources. Additionally, solar panels have been installed at the Wetar Copper Mine, and a 35% biodiesel blend is being used for operational vehicles across all of Merdeka Group’s mining sites.

Eben Ezer Sirait, Environmental Manager, concluded the session by discussing Merdeka Group’s innovative and sustainable environmental management practices. He explained how Merdeka adopts a circular approach in its business by utilizing residual ore from the Wetar Copper Mine as feedstock for the AIM Plant. This plant produces sulfuric acid and saturated steam, which will be used at the HPAL plant. The use of by-products from ore processing at the Wetar Copper Mine is a form of mineral conservation—while also conserving the environment, as the once environmentally burdensome acid-containing ore is now processed into valuable raw materials.

Merdeka Group’s participation in LIKE 2 Festival reflects the company’s commitment to sustainability and its active role in the global energy transition and decarbonization efforts. This involvement aligns with the festival’s spirit, which underscores the importance of balancing industry with conservation for the future.

Artikel Merdeka Group’s Commitment to Sustainability and Energy Transition at the LIKE 2 Festival pertama kali tampil pada PT Merdeka Copper Gold Tbk.