PT Bumi Resources Minerals Tbk (BRM) currently owns 80% stake in PT Gorontalo Minerals (GM) The remaining 20% stake is owned by PT Aneka Tambang Tbk (ANTM). GM has Contract of Work rights to a 24,995 hectare mining concession located in the Bone Bolango Regency (Gorontalo, Sulawesi, Indonesia).
4 drill rigs are currently working in the Cabang Kiri East mine site for exploration work.
Drilling result in the form of updated copper & gold mineral resources & resrves size is expected to be disclosed in mid 2027.
GM’s construction & Production permit was approved in February 2019 for 3 year construction period and 30 year production period (until 2052).
