Opini Maryati (Koordinator Nasional PWYP) dan Aryanto Nugroho (Manajer Advokasi PWYP) mengenai "Martabe Gold Mine"

1. mineral
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PETROMINER No. 08/August 15, 2014
I
n the second quarter of 2014 Martabe
Gold Mine disclosed that its mining
and ore processing plant had been
in accordance with the plan and able to
maintain the cost of production at low
level. AISC was at US$709 per ounce,
lower than the WGC benchmark. Dur-
ing the second quarter 70 135 ounces
of gold was produced. Until the middle
of this year Martabe Gold Mine has pro-
duced 134 937 ounces of gold, equiva-
lent to annual production of 270 000
ounces. The amount has exceeded the
current annual gold target of 230 000 to
250 000 ounces.
whilst capital expenditure is estimated
to be approximately US$60 million—
this includes some minor land acquisi-
tion costs and lifts for the tailings stor-
age facility.
Coordinator of advocacy of PWYP In-
donesia Aryanto Nugroho said, although
the operating costs are maintained at a
low level, the Company must also con-
sider the environmental standard and
the safety of workforce in the mining
operations on a consistent basis. The
principle permit obtained by Martabe to
develop a dam of tailings storage facility
should be followed by the management
of tailings with safety based on the stan-
dards on specified threshold.
In response to the company’s CSR
activities that have been carried out,
Aryanto gave a positive appreciation on
the effort of the company to empower
the communities and he hoped the ac-
tivities can take place on a participatory,
measurable and sustainable basis and
there should be coordination with the
local government in order to avoid any
overlapping development, planning and
budgeting.
“In the meantime the local govern-
ment as one of the shareholders of Mar-
tabe Gold Mine should be able to convey
information to the community and the
public concerning the revenues from
Martabe Gold Mine, either of dividend
or of fund from production split (DBH)
provided by the Central Government. It
is important in considering that Local
Government as a Public Administrator
has the obligation to proactively pro-
vide information as referring to in Law
No.14/2008 on Transparency of Public
Information, so any asymmetric infor-
mation between the community and the
mining industry can be minimized from
the beginning,” added Aryanto. (W18)
the information to public concerning the
company’s achievement of production
and the payment of taxes and non-taxes
shows that Martabe commits to keep
their operation transparent to related
stakeholders. “The company can become
a good model for other companies in ef-
fort to create a mutual trust among the
government, companies and communi-
ties,” she said.
She hopes, with the production ca-
pacity and revenue contribution to the
State that have been increasing, in the
future Martabe Gold Mine can become
a company that will submit its reports
Martabe Gold Mine,
Accountability Triggers Great Result
President Director of G-Resources
Martabe Gold Mine Peter Albert said,
“Our production form quarter to quarter
give us a confidence we could achieve
our 2014 target. Also with operational
cost which we tried always below WGC
guidance. Above all, we keep prioritizing
safety and environmental stability in our
daily operation, we continue to demon-
strate Martabe’s position as one of the
world’s leading gold mines.”
In a response, Maryati Abdullah, the
Coordinator of Publish What You Pay
Indonesia, said that the publication of
based on EITI (Extractive Industry
Transparency Initiative) along with
Martabe’s commitment to be transpar-
ent company in the sector of extractive
industry. In Indonesia EITI is regulated
under Presidential Regulation (Decree)
No.26 Year 2010.
Capital spent through the quarter,
including for the cost of tailings storage
facility but excluding the regional explo-
ration cost was approximately US$15
million. The cost of exploration activities
was initially set up at US$17 million, and
later on it was lowered to US$15 million
Martabe Gold Mine.