The Second Bumi Resources Minerals Gold Plant, Owned By The Bakrie Conglomerate Family, Will Operate In Semester I 2022

Illustration. (Photo: Unsplash)

JAKARTA - The mining company belonging to the Bakrie conglomerate family, PT Bumi Resources Minerals Tbk (BRMS) stated that the construction of the second gold plant is still according to the set target, namely in the first semester of 2022. Currently, the construction process for the plant has entered the construction stage.

BRMS, in its official statement, quoted on Tuesday, April 26, stated that almost all of the main equipment manufactured abroad and in Indonesia had arrived in Palu. Equipment such as a sag mill, ball mill, crusher, cyclone, thickener, and carbon in leach tank are currently in the process of being installed and assembled to become a production-ready factory in Poboya, Palu.

Some equipment (elution system) is currently being completed overseas. President Director of Bumi Resources Minerals, Agus Projosasmito, hopes that the second gold plant with a capacity of 4,000 tons of ore per day in Central Sulawesi can start operating this year.

"The increase in gold production from the new factory will have a positive impact on BRMS' revenue and net profit this year," he said.

For information, last year BRMS pocketed a 26.50 percent increase in revenue to US$10.5 million. The increase in revenue occurred in line with the surge in BRMS' gold production volume, which rose from 73 kilograms (kg) in 2020 to 139 kg last year.

As a result, BRMS' net profit shot up 1,625 percent to US$69 million in 2021. This increase was due to other income in 2021 reaching US$118 million.

In the future, Agus believes, BRMS can rely on the increase in gold production revenue to increase net profit. BRMS ownership of the Kerta gold mine project is still awaiting the completion of documents and government approval.

"We believe the Kerta gold mine project will have a positive impact on the financial performance of BRMS in the future," said Agus.