Agincourt Resources Responds to indonesian Government’s Revocation of Mining Permits
Agincourt Resources, the operator of the Martabe gold mine in North Sumatra, Indonesia, has acknowledged the Indonesian government’s decision to revoke permits from 28 companies found to have committed environmental violations. The company stated it respects the government’s decisions while maintaining its rights in accordance with applicable laws and regulations.
Government Action on Environmental Violations
On January 20,2026,President Prabowo Subianto,through the Task Force for the Arrangement of Forest Areas (Satgas PKH),announced the revocation of permits held by 28 companies due to environmental damage. This decision followed an accelerated audit process triggered by recent hydrometeorological disasters in Aceh, North Sumatra, and West Sumatra. The findings were presented to the President during a virtual meeting on January 19, 2026.
According to Minister of State Secretary Prasetyo Hadi, the revoked permits include those of 22 companies with Forest Utilization Business Permits (PBPH) covering 1,010,592 hectares of natural and plantation forests, and also six companies in the mining, plantation, and Timber Utilization Permits (PBPHHK) sectors. Reuters
Agincourt Resources’ Commitment to Compliance
agincourt Resources emphasized its commitment to Good Corporate Governance (GCG) and full compliance with all applicable regulations. The company affirmed its dedication to upholding these principles.
“The company consistently upholds good corporate governance principles and is fully committed to complying with all regulations,” a company representative stated.
Martabe Gold Mine and Environmental Stewardship
The Martabe gold mine is a meaningful operation in North Sumatra, and Agincourt Resources has previously highlighted its environmental management practices. The company’s response indicates a willingness to cooperate with the government while safeguarding its operational rights. Agincourt Resources Official Website
Key Takeaways
- The Indonesian government revoked permits from 28 companies for environmental violations.
- The decision was prompted by recent disasters and a subsequent audit.
- Agincourt Resources acknowledges the decision and affirms its commitment to compliance and GCG.
- The revoked permits cover a substantial area of forest land and involve various sectors, including mining and plantations.
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