· Grasberg mine has the single largest known gold reserve and the second largest copper reserves in the world. It is loed 96km north of Timika, at Tembagapura in Irian Jaya – the most easterly of Indonesia''s provinces – on the western half of the island of New Guinea. Grasberg minerals district includes openpit and underground mines.
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Gold data, forecasts, historical chart was last updated on September of 2021. Gold is expected to trade at USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at in 12 months time. 1Y.
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· The company owns a 100 per cent interest in the Awak Mas gold project, loed in the Luwu Regency of South Sulawesi Province, Indonesia. The project hosts an open pit indied and inferred resource of 54 million tonnes (Mt) at grams per tone (g/t) gold for million ounces (Moz) (as of April 2020) and an updated reserve of at /t for (June 2020).
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· Indonesia is the 8th largest exporter of petroleum gas in the world and has a % share of an annual export market worth 299 billion. Prior to coal, oil and gas used to be the foundation of Indonesia''s economy. Indonesia''s oil and gas export volumes remained relatively consistent between % to 5% for the past decade.
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