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PT Bumi Resources Minerals Tbk (BRM) owns 96.97% interest in PT Citra Palu Minerals (CPM). CPM has Contract of Work rights to a 85,180 hectare mining concession in Central Sulawesi and South Sulawesi, Indonesia.
CPM’s contract area consists of 5 separate blocks, of which the Poboya gold prospects is the most promising.
CPM’s construction & production permit was approved in November 2017 with 3 years construction period and 30 year production period (until 2050).
1ˢᵗ CIL gold Plant (500 ton /day) in Poboya Block-I has been operational since Q1-2020.
Completed the 2nd CIL gold plant construction (4,000 ton /day) in Q4 2022 (Commissioning started in October 2022).
Plan to complete the 3rd gold plant construction by end of 2024 (Heapleach).
Appointed Macmahon (Australia) as the mining contractor in Palu. Macmahon is an ASX listed company with extensive experience in both surface & underground mining worldwide.
