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06228 MERDEKAGOLD-DRS
To be listed 06-23 16:00:00
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Total Shares179.34M
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T/O Rate0.00%
Tradable Shares179.34M
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EPS0.00
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MERDEKAGOLD-DRS IPO Subscription Concludes with Strong Demand, Oversubscribed 1.88 Times
MGR is a gold mining company listed on the Indonesia Stock Exchange and one of Asia's leading pure‑gold producers. Backed by the Pani Gold Mine, the project ranks as Indonesia's largest primary gold mine in terms of resource and reserve estimates, according to CRU data. We expect it to become one of the top two primary gold mines in Asia by 2030, based on production volume. MGR enjoys a unique position, underpinned by its robust reserve base, the world's lowest average stripping ratio, and a rapid ramp‑up curve that enables it to reach peak output within a short timeframe. We have capitalized on Indonesia's exceptional natural endowments and the pivotal role of the mining sector in the country's economic development. By leveraging our competitive advantages in mine scale, operational efficiency, technology, future growth opportunities, and resource potential, we are emerging as a gold producer of significant regional influence.