Merdeka - Acquired majority interest in Pani Gold Project
- Provident
- Dec 30, 2021
- 1 min read
Updated: Jul 31, 2024
PT Merdeka Copper Gold Tbk ("MDKA") invested USD80.16 million to subscribe for a 50.1% interest in PT Andalan Bersama Investama (“Andalan”). Andalan has recently completed the acquisition of PT Gorontalo Sejahtera Mining. GSM holds the Contract of Work for the Pani Project (“Pani CoW”) located in Gorontalo Province, Sulawesi.
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