United Tractors to expand gold mining portfolio with ASA acquisition
This $540m (Rp8.88trn) deal is being executed through United Tractors' fully owned subsidiary, PT Danusa Tambang Nusantara.
Latest edition: 16 September 2025
Latest edition: 16 September 2025
This $540m (Rp8.88trn) deal is being executed through United Tractors' fully owned subsidiary, PT Danusa Tambang Nusantara.
The Coffee Gold Project is located within the Yukon-Tanana Terrane, known for its multi-million-ounce deposits and producing mines.
The agreement involves the transfer of Alamos’ wholly owned Turkish subsidiary, Doğu Biga Madencilik Sanayi ve Tic.
The mine is expected to produce between 175,000 and 200,000oz of gold annually throughout the initial 12 years.
The mine is expected to produce around 85,000oz of gold annually, with reserves totalling 513,700oz at an average grade of 4g/t.
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