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June 3, 2022updated 15 Jun 2022 7:48am

Five largest gold mines in Indonesia in 2021

By Carmen

Here are the five largest gold mines by production in Indonesia, according to GlobalData’s mining database.

1. Grasberg Block Cave Mine

The Grasberg Block Cave Mine is a underground mine located in Papua. It is owned by Inalum and produced an estimated 668 Thousand Ounces of gold in 2021. The mine will operate until 2041.

2. Deep Mill Level Zone Mine

Located in Papua, the Deep Mill Level Zone Mine is owned by Inalum. The underground mine produced an estimated 548.8 Thousand Ounces of gold in 2021. The mine will operate until 2041.

3. Martabe Project

The Martabe Project is located in North Sumatra. It is owned by United Tractors and produced an estimated 391 Thousand Ounces of gold in 2021. The mine will operate until 2034.

4. Toka Tindung Gold Project

The Toka Tindung Gold Project, owned by Rajawali, is a surface mine located in North Sulawesi. The mine produced an estimated 225 Thousand Ounces of gold in 2021.

5. Tujuh Bukit Oxide Project

Owned by Merdeka Copper Gold, the Tujuh Bukit Oxide Project is a surface mine located in East Java. It produced an estimated 213.5 Thousand Ounces of gold in 2021. The mine will operate until 2024.

Methodology: This information is drawn from GlobalData’s mines and projects database, which tracks all operating and developing mines and projects globally. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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