The management of PT Masmindo Dwi Area (MDA) made a courtesy visit with the South Sulawesi Police Chief, Inspector General Drs. Yudhiawan Wibisono, M.Si., and his team to provide an update on the Awak Mas gold mining project. The plant has now been constructed in Ranteballa Village, Latimojong District, Luwu Regency.MDA President Director Trisakti Simorangkir outlined the ongoing construction stages and reaffirmed MDA's commitment to responsible mining operations that benefit the surrounding community.During the occasion, Inspector General Yudhiawan stated that the police would continue to monitor the situation professionally and maintain neutrality, which is in line with their primary duty to create a conducive environment for the community. The police are committed to supporting a healthy investment climate by prioritizing security and social stability, enabling all parties, including the community and the company, to benefit from this development.Through coordination and open communication with various stakeholders, including the police, MDA is optimistic that the Awak Mas project can proceed as planned and make a real contribution to social and economic development in South Sulawesi, especially in Luwu Regency, in support of the Indonesia Emas (Golden Indonesia) goals.***

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PT Masmindo Dwi Area Provides Update on the Awak Mas Project to the South Sulawesi Police Chief

Jakarta, September 25, 2024 – PT Masmindo Dwi Area (MDA) continues demonstrating its commitment to resolving various land acquisition issues that currently pose a significant challenge to its operations. Various land ownership demands and claims from the community have placed MDA in a position where it must take proactive steps. Therefore, MDA has established partnerships with stakeholders at various levels to create legal certainty, ensure smooth investment, and contribute positively to the local community and national economy. As part of these efforts, MDA signed a Memorandum of Understanding (MoU) with the Land Bank Agency (BBT) on Monday, September 23, 2024, at the BBT office in Jakarta. This collaboration addresses land ownership issues in MDA’s concession area in Latimojong Village, Luwu Regency, South Sulawesi while providing legal certainty and investment guarantees for the future. Parman Nataatmadja, Head of the Land Bank Agency, expressed his appreciation for the trust MDA has placed in the Land Bank Agency concerning land rights management under the Land Bank’s Management Rights (HPL). “The Land Bank is a government institution tasked with providing solutions for legal certainty over lands intended for use, both for investors and communities, including mining companies. For MDA, whether during mining operations or afterward, there will be a clear and guaranteed land utilization agreement,” said Parman. Amid the challenges faced, MDA remains fully committed to ensuring that every land acquisition process complies with applicable laws and regulations. PT Masmindo Dwi Area’s President Director, Trisakti Simorangkir, emphasized the importance of collaborating with the Land Bank Agency to establish legal protection for the company and the surrounding community. “We are grateful for the support provided by the Land Bank. This legal certainty is crucial, not only for the protection of the company’s investment but also to create stability for the communities around the mining area,” he stated. Furthermore, Parman added that with the land area entrusted to the Land Bank Agency, as stipulated in the MoU, the agency will ensure proper management and protection of the land. “With this MoU, we want to ensure that there will be no more illegal claims from the community. Socialization regarding this matter will soon be conducted jointly by BBT and MDA,” he added. PT Masmindo Dwi Area is optimistic that signing this MoU with the Land Bank Agency will accelerate investment in the mining sector and contribute more significantly to the local and national economy.***

Collaboration Between MDA and the Land Bank Agency for Legal Certainty of Land Ownership in the Context of Investment

The Awak Mas Gold Project covers an area of 14,390 hectares, located in the Luwu Regency, of South Sulawesi, Indonesia.

Management is currently reviewing and optimizing the Project development strategy, and when it is final the Company plans to enter into construction.

Awak Mas Gold Project

The mining license is situated in land classified as Area Penggunaan Lain (APL) (land for other uses), a non-protected forest area. The Project has received regulatory approvals for both the AMDAL, Feasibility Study allowing the Company to enter into construction and operations.

Raising up with the communities

Awak Mas Gold Project

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