MDKA Subsidiary Signs IDR 2.9 Trillion Agreement for Pani Mine Construction
Tue 06 Oct 2026, 08:35 AM
Share
PT Merdeka Copper Gold Tbk (MDKA), through its subsidiary PT Merdeka Mining Servis, has secured service agreements worth a total of around IDR 2.9 trillion to support the development of the Pani Gold Mine in Gorontalo.
The agreements were signed on Sept. 30, 2026, with three MDKA subsidiaries: PT Pani Industri Nusantara, PT Mentari Alam Persada, and PT Pani Bersama Tambang.
Under the agreements, Merdeka Mining Servis will provide construction services for the development of the Pani Gold Mine over a two-year period.
All agreements took effect on September 30, 2026, and will remain in force for two years. Upon expiration, they may be automatically extended for an additional two-year period.
The contracts form part of the operational and construction support for the development of the Pani Gold Mine project, one of MDKA’s key projects in the gold mining sector.
Previously, PT Merdeka Gold Resources Tbk (EMAS), together with two of its subsidiaries, arranged loan facilities of up to around IDR 6.5 trillion for PT Pani Industri Nusantara.
The loans will be provided by EMAS, PT Gorontalo Sejahtera Mining (GSM), and PT Puncak Emas Tani Sejahtera (PETS) to support Pani Industri Nusantara’s general corporate needs, including capital expenditure (capex) and operating expenditure (opex).
Of the total loan facilities, EMAS will provide up to around IDR 3.1 trillion. Meanwhile, GSM and PETS will each provide loans of up to IDR 1.7 trillion.
Advertisement
