Martabe gold mine to restart in middle of May


A worker walks across an operational area at the Martabe gold mine located in the Batang Toru district of South Tapanuli, North Sumatra. (JP/Ruth Dea Juwita)

JAKARTA: Local heavy machinery firm United Tractors says its mining subsidiary Agincourt Resources will resume operations at the Martabe gold mine in mid-May.

It halted production earlier this year due to a regulatory crackdown.

The decision comes after the Environment Ministry issued in March its long-awaited approval for restarting the mine under tighter oversight.

The suspension was part of a broader government crackdown on mines with outstanding environmental compliance issues.

That followed the deadly Sumatra disaster in November, when flash floods and landslides swept across three northern provinces, including North Sumatra, where the Martabe mine is located.

United Tractors president director Iwan Hadiantoro said the company welcomed the ministry’s decision and was now working to meet all remaining requirements.

“To reopen the mine, there are many aspects that we must prepare.

“We hope that while preparing this and awaiting the paperwork’s issuance, perhaps by mid-May we can resume operations,” Iwan said in Jakarta. — The Jakarta Post/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
United Tractors , Agincourt , Martabe , mining

Next In Business News

US weekly jobless claims fall; layoffs drop in September
EPF calls for pension system reforms to secure lifelong retirement income
IOIPG returns to Shenton House with S$217mil deal
Yinson GreenTech,�Langkawi Port ink�MOU to pilot open sea electric ferry in Langkawi
Hextar Capital unit bags RM60mil road upgrading subcontract
Ringgit ends higher against major currencies, easier vs greenback
Formosa Prosonic redesignates Cheong Hong Yip as managing director
EMPG Group signs underwriting deal for ACE Market IPO
Ajiya disposes of Puchong property for RM58mil
Hengyuan Refining appoints Erkki Ranta as CEO

Others Also Read