PTArchi Indonesia (ARCI), one of the largest pure gold producers in Indonesia and Southeast Asia, is currently evaluating the feasibility of entering the renewable energy market in partnership with PTOrmat Geothermal Indonesia.

The decision to establish a geothermal subsidiary is currently pending. The key determining factor will be the results of a "calorimetric test" or geothermal assessment to be conducted by PTOrmat Geothermal Indonesia at the Toka Tindung Gold Concession in Minahasa, North Sulawesi. The results of this assessment are expected to be released in mid-September 2023.

ARCI first announced plans to develop geothermal energy in mid-2023.Rudy Suhendra, a director of ARCI, explains that the geothermal business is an interesting opportunity, and he's not sure if there are any other gold mining companies that are considering getting into the industry.

The geothermal project being explored by ARCI and Ormat has a potential capacity of 30 MW. This is still being validated through calorimetry and ongoing exploration. If successful, a subsidiary will be established, followed by plans for further exploration and construction.

A similar situation can be seen at the Lihir geothermal power plant in Papua New Guinea, where gold is mined on an open geothermally active site.

Sources: Kontan.co.id and Bisnis.com

PTArchi Indonesia (ARCI), one of the largest pure-play gold produces in Indonesia and Southeast Asia, is currently in the process of evaluating the viability of diversifying into the renewable energy market thru a joint venture with PT Ormat Geothermal Indonesia. viability of diversifying into the renewable energy market thru a joint venture with PT Ormat Geothermal Indonesia.

Thedecision to establish a geothermal subsidiary is currently pending. The critical deciding factor will be the result of a "heat check" or geothermal assessment being conducted by PT Ormat Geothermal Indonesia at the Toka Tindung gold mining concession area located in the The critical deciding factor will be the result of a "heat check " or geothermal assessment being conducted by PT Ormat Geothermal Indonesia at the Toka Tindung gold mining concession area located in North Minahasa, North Sulawesi. The results of this assessment is expected by the middle of September 2023.

Plansto develop geothermal energy were first announced by ARCI in mid-2023. Rudy Suhendra, Director of ARCI, explained that the geothermal business was Rudy Suhendra, Director of ARCI, explained that the geothermal business was an interesting opportunity and that he was not certain if there were other gold mining companies considering going into this business.

The geothermal project being explored by ARCI and Ormat has a potential capacity of 30 MW. This is still being verified by heat measurements and continued exploration. If successful, a subsidiary will be established after which plans for further exploration and construction work will be established.

Asimilar setting can be seen at the Lihir geothermal power plant in Papua New Guinea, where goldore has been mined in an open-pit active geothermal site.

Source:Kontan.co.idand Bisnis.com