PT Bumi Resources Minerals Tbk (BRM) owns 96.97% interest in PT Citra Palu Minerals (CPM). CPM has Contract of Work rights to an 85,180 hectare mining concession in Central Sulawesi and South Sulawesi, Indonesia.
CPM’s contract area consists of 5 separate blocks, of which the Poboya gold prospects is the most promising. CPM’s construction & production permit was approved in November 2017 with a 3 years construction period and a 30 year production period (until 2050). The 1ˢᵗ CIL gold Plant (500 ton/day) in Poboya Block-I has been operational since Q1-2020. The 2nd CIL gold plant construction (4,000 ton/day) was completed in Q4 2022 (Commissioning started in October 2022).
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