PT Merdeka Copper Gold Tbk

MDKA

ID1000134406

Diversified Mining

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-18 pm EDT			5-day change	1st Jan Change
2,800 ^IDR	+1.45%		+6.87%	+3.70%

Apr. 17	Nomura Adjusts Merdeka Copper Gold’s Price Target to IDR3,700 From IDR4,300, Keeps at Buy	MT
Mar. 28	Indonesia's Merdeka Copper Gold targets Tujuh Bukit gold mine output of 100,000-120,000 ounces this year	RE

PT Merdeka Copper Gold Tbk acquired 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol for approximately IDR 840 billion

November 04, 2018

PT Merdeka Copper Gold Tbk (IDX:MDKA) acquired 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol for approximately IDR 840 billion on November 2, 2018. PT Pani Bersama Emas will get IDR 69.2 billion, Ace Power Investment Limited will get IDR 767.2 billion and Januarius Felix Lumban Gaol will get IDR 27.7 million for the sale of their respective stake in PT Pani Bersama Jaya. Post completion, PT Pani Bersama Jaya will become subsidiary of PT Merdeka Copper Gold Tbk. The transaction will have a positive impact on PT Merdeka Copper Gold Tbk's operational viability, namely increasing its productivity in the future. PT Merdeka Copper Gold Tbk (IDX:MDKA) completed the acquisition of 68.93% stake in PT Pani Bersama Jaya from PT Pani Bersama Emas, Ace Power Investment Limited and Januarius Felix Lumban Gaol on November 2, 2018.

Latest news about PT Merdeka Copper Gold Tbk

Nomura Adjusts Merdeka Copper Gold’s Price Target to IDR3,700 From IDR4,300, Keeps at Buy	Apr. 17	MT
Indonesia's Merdeka Copper Gold targets Tujuh Bukit gold mine output of 100,000-120,000 ounces this year	Mar. 27	RE
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 21	CI
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
Nomura Adjusts Merdeka Copper Gold’s Price Target to IDR4,300 From IDR5,500, Keeps at Buy	23-06-15	MT
PT Merdeka Copper Gold Tbk Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-31	CI
Glass Lewis Controversy Alert: Adaro Energy	23-05-08	MT
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-29	CI
Merdeka Battery jumps on debut as Indonesia's EV push draws investors	23-04-17	RE
Merdeka Battery soars 15% on debut as investors drawn to Indonesia's EV push	23-04-17	RE
Indonesia's Merdeka Battery plans to build two nickel HPAL plants	23-03-30	RE
Indonesia nickel company Merdeka Battery Materials plans $580 million IPO	23-03-28	RE
Indonesia nickel company Merdeka Battery Materials plans $580 million IPO in April - prospectus	23-03-27	RE
PT Merdeka Copper Gold Tbk(IDX:MDKA) added to FTSE All-World Index	23-03-20	CI
Tranche Update on PT Merdeka Copper Gold Tbk's Equity Buyback Plan announced on May 4, 2022.	23-01-20	CI
PT Merdeka Copper Gold Tbk's Equity Buyback announced on May 4, 2022, has expired with 61,400,000 shares, representing 0.26% for IDR 264,061.58 million.	23-01-19	CI
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Nine Months Ended September 30, 2022	22-12-17	CI
Nomura Adjusts Merdeka Copper Gold’s Price Target to IDR5,500 From IDR4,700, Keeps at Buy	22-12-15	MT
Indonesia's GoTo shares drop 7% after some shareholders forgo secondary offering	22-11-30	RE
Tranche Update on PT Merdeka Copper Gold Tbk's Equity Buyback Plan announced on May 4, 2022.	22-11-09	CI
Tranche Update on PT Merdeka Copper Gold Tbk's Equity Buyback Plan announced on May 4, 2022.	22-09-11	CI
PT Merdeka Copper Gold Tbk Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-11	CI
PT Merdeka Copper Gold Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-12	CI
PT Merdeka Copper Gold Tbk announces an Equity Buyback for 0.5% of its issued share capital, for IDR 600,000 million.	22-05-03	CI

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Company Profile

PT Merdeka Copper Gold Tbk is an Indonesia-based metal and mineral mining holding company. The Company explores, extracts and produces gold, silver, copper and other minerals. The Companyâs operations include Tujuh Bukit Gold Mine and Wetar Copper Mine. The Tujuh Bukit Gold Mine has an area of approximately 4,998 hectares (ha) in the production forest area in Sumberagung Village, Pesanggaran District, Banyuwangi Regency. The Wetar Copper Mine is located on Wetar Island, Southwest Maluku, and occupies an operating area of approximately 2,733 ha. Its Seven Hills Copper project is an underground copper mine in Banyuwangi. Its Pani Gold Project is located in Gorontalo, Sulawesi, which is Indonesia's primary gold mine. Its AIM (Acid, Iron, Metal) Project is a mineral processing plant in Morowali, Central Sulawesi. The Company's subsidiaries include PT Bumi Suksesindo, PT Merdeka Mining Servis, Eastern Field Developments Ltd. and other.

Sector

Diversified Mining

Calendar

2024-05-14 - Q1 2024 Earnings Release (Projected)

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Ratings for PT Merdeka Copper Gold Tbk

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.1727 USD

Average target price

0.2315 USD

Spread / Average Target

+34.04%

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Company calendar

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