Martabe mine

Last updated
Martabe mine
Location
North Sumatra
Country Indonesia
Coordinates 1°31′41.4″N99°03′46.7″E / 1.528167°N 99.062972°E / 1.528167; 99.062972
Production
Products Gold, silver
TypeOpen mine

The Martabe mine is an open pit mine that is one of the largest gold mines in western Sumatra island, Indonesia and in the world. [1] This mine also mines silver. The Martable mine will continued to be mined unit 2032. In 2022, various processing plant facilities were added and refined to support world-class gold and silver mining operations. [2] It produces 250,000 oz of gold per annum. [3]

Background

The mine is located in the west of the country in North Sumatra. [1] The mine has measured reserves (as of 31 December 2013) of 3.0 million oz of gold and 31.9 million oz of silver; these reserves are included in mineral resources (that may or may not be economic to mine) of 8.1 million oz of gold and 73.8 million oz of silver. [4]

Engineering, procurement, and construction management (EPCM) services for Martabe Mine were provided by Ausenco Limited in 2011. [5]

Martabe mine is owned and operated by a subsidiary of PT United Tractors Tbk, the largest distributor of heavy equipment in Indonesia.

Related Research Articles

<span class="mw-page-title-main">Agnico Eagle</span>

Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland, Australia and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. It has paid a cash dividend every year since 1983.

Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.

<span class="mw-page-title-main">Grasberg mine</span> Mine located in Papua in Indonesia

The Grasberg mine has one of the largest reserves of gold and copper in the world. It is located in Mimika Regency, Central Papua, Indonesia near Puncak Jaya. It is operated by PT Freeport Indonesia, a joint venture between the government of Indonesia, government of Papua, and American company Freeport-McMoRan (FCX).

<span class="mw-page-title-main">Mining in Japan</span> Overview of mining in Japan

Mining in Japan is minimal because Japan does not possess many on-shore mineral resources. Many of the on-shore minerals have already been mined to the point that it has become less expensive to import minerals. There are small deposits of coal, oil, iron and minerals in the Japanese archipelago. Japan is scarce in critical natural resources and has been heavily dependent on imported energy and raw materials. There are major deep sea mineral resources in the seabed of Japan. This is not mined yet due to technological obstacles for deep sea mining.

<span class="mw-page-title-main">Wiluna Gold Mine</span> Gold mine in Western Australia

The Wiluna Gold Mine is an inactive gold mine in Western Australia near the town of Wiluna. The mine was active from 1984 until its closure in 2007 when it was put into care and maintenance, and again from late 2008 to June 2013 when the owners, APEX Minerals, went into receivership. Following this, the mine had been placed in care and maintenance again in 2013. In January 2014 it was announced that the mine would be sold to Blackham Resources, with the deal to be finalised by March 2014. Mining resumed in 2016 and Blackham was renamed to Wiluna Mining Corporation in 2020. In July 2022, the Wiluna Mining Corporation entered voluntary administration, with mining ceasing in December 2022 and processing in February 2023.

Gold mining in Alaska, a state of the United States, has been a major industry and impetus for exploration and settlement since a few years after the United States acquired the territory in 1867 from the Russian Empire. Russian explorers discovered placer gold in the Kenai River in 1848, but no gold was produced. Gold mining started in 1870 from placers southeast of Juneau, Alaska.

Coeur Mining, Inc. is a precious metals mining company listed on the New York Stock exchange. It operates five mines located in North America. Coeur employs 2,200 people and in 2012 it was the world's 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d'Alene Mines and moved its head office to Chicago, Illinois from Coeur d'Alene, Idaho.

PT United Tractors Tbk is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 representative offices, and 54 support points as well as other service installations.

<span class="mw-page-title-main">OZ Minerals</span> Mining company based in South Australia

OZ Minerals is a mining company based in Adelaide, South Australia. Formerly listed on the Australian Securities Exchange, it was acquired by BHP in April 2023.

Ausenco Limited is a multinational engineering, procurement, construction management, and operations service provider to the energy and resources sectors. Its head office is in Brisbane, Australia. The company's name is an amalgamation of "Australian Engineering Company."

The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Newmont, having acquired the previous owner, Newcrest Mining, formerly the largest gold producer listed on the Australian Securities Exchange, in November 2023.

<span class="mw-page-title-main">Boddington gold mine</span> Gold and copper mine in Western Australia

The Boddington gold mine is a gold and copper mine located 13 km (8.1 mi) northwest of Boddington, Western Australia.

There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.

Rovina mine is a proposed open pit mine in the west of Romania in Hunedoara County, 18 km north of Deva and 388 km north of the capital, Bucharest. Rovina is a large gold and copper deposit with estimated reserves of 4 million oz of gold and 244,000 tonnes of copper, and the largest proposed copper-gold project in the EU. The project is wholly owned by the Toronto-based company Eurosun Mining,.

<span class="mw-page-title-main">Tahoe Resources</span> Mining exploration company founded in Vancouver, BC

Tahoe Resources Inc. was a mining company and intermediate precious metals producer with silver and gold mines in Canada, Guatemala and Peru. It was founded in Vancouver, British Columbia by Kevin McArthur, former CEO of Glamis Gold and Goldcorp. Incorporated in British Columbia, Canada, the company's U.S. headquarters is located in Reno, Nevada.

<span class="mw-page-title-main">Kapan mine</span> Armenian gold mine

The Kapan mine is one of the largest gold mines in the Armenia. The mine is located in the south-east of the country in Syunik Province. The mine has estimated reserves of 5.15 million oz of gold and 95.6 million oz of silver. The mine also has ore reserves amounting to 335.8 million tonnes grading 0.11% copper and 0.41% zinc.

The Holdong mine(홀동광산) is one of the largest gold mines in North Korea and in the world. The mine is located in the south of the country in Yonsan County,North Hwanghae Province. The mine has estimated reserves of 63.2 million oz of gold and 149.8 million oz of silver. The mine also has reserves amounting to 520 million tonnes of ore grading 0.35% copper metal and 266 million tonnes of ore grading 26% iron metal.

The Karakul deposit is one of the largest cobalt deposits in Russia. The deposit is located in Altai Republic. The deposit has reserves amounting to 180 million tonnes of ore grading 0.33% cobalt, 1.5% copper, 0.11% nickel and bismuth, 0.4% tungsten, 4.6 million oz of gold and 57.6 million oz of silver.

The Beutong mine is a large copper mine located in the west of Indonesia in Sumatra. Beutong represents one of the largest copper reserve in Indonesia and in the world having estimated reserves of 505 million tonnes of ore grading 0.59% copper, 2.1 million oz of gold and 20 million oz of silver.

The mineral industry of Guatemala includes:

References

  1. 1 2 "North Sumatra Is Proud to Have a World-Class Gold Mine". greatmartabe.com. 2012. Retrieved 2013-07-25.
  2. "Major Mines & Projects | Martabe Mine". miningdataonline.com. Retrieved 2023-11-17.
  3. "Martabe, North Sumatra". Mining Technology. Retrieved 2023-11-17.
  4. Link text, additional text.
  5. "EPCM Services". Digiscend.com. 2014. Retrieved 2014-08-19.