PT Bumi Resources Minerals Tbk (BRM) owns 96.97% interest in PT Citra Palu Minerals (CPM). CPM has Contract of Work rights to a 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 3 years construction period and 30 year production period (until 2050).
1ˢᵗ CIL gold Plant (500 ton /day) in Poboya Block-I has been operational since Q1-2020.
Completed the 2nd CIL gold plant construction (4,000 ton /day) in Q4 2022 (Commissioning started in October 2022).