Friday, 09 April 2021
With a deposit of IDR 221 billion, Indika captures 25% of the South Sulawesi gold mine

The subsidiary of PT Indika Energy Tbk (INDY), PT Indika Mineral Investindo (IMI), entered the Awak Mas gold mine project in Luwu Regency, South Sulawesi (Sulsel), by investing in a 25% stake worth US $ 15 million or equivalent to Rp. 221 billion (assuming an exchange rate of Rp. 14,700 / US $) in PT Masmindo Dwi Area (Masmindo).