PT Bumi Resources Minerals Tbk (BRMS) has clarified concerns from investors regarding the Indonesian government’s plan to impose a gold export tax starting next year. In a press release on Monday (17/11/2025), the company stated that the policy would not affect its revenue performance.

According to BRMS’s consolidated financial report as of September 30, 2025, 100% of PT Citra Palu Minerals (CPM) revenue comes from sales of gold and silver to the domestic market. CPM is a BRMS subsidiary operating gold and silver mines in Central and South Sulawesi.

CPM’s gold products are sold to five domestic buyers: PT Hartadinata Abadi Tbk, PT Simba Jaya Utama, PT Swarnim Murni Mulia, PT Pegadaian Galeri Dua Empat, and PT Elang Mulia Abadi Sempurna.

CPM mines gold- and silver-containing ore in Block 1 (Poboya), Palu, Central Sulawesi. The company also operates two Carbon in Leach (CIL) processing facilities at the same mining site. The products sold are refined gold and silver, not dore bullion.

“In selling gold and silver products, BRMS and its subsidiaries will always strive to optimize company profits and add value for BRMS shareholders,” said Agus Projosasmito, President Director of BRMS. He noted that this clarification is meant to answer questions and reduce concerns among investors and the media.

PHOTO: EMITEN NEWS

This article was created with AI assistance.