Gold Mining in Indonesia: Background
1. A background on gold mining in Indonesia.
Indonesia is one of the largest gold producers in the world, consistently contributing hundreds of thousands of troy ounces annually to the global supply. This is largely driven by the Grasberg mine in Papua, which is known as the world's single largest gold mine, as well as the second largest copper mine.
In 2023, Indonesia produced 82,972 kg of gold. Indonesia's position along the "Ring of Fire" makes it a globally significant region for gold deposits, primarily associated with two key geological formations: porphyry copper-gold systems and epithermal veins, attracting both large and artisanal mining. This unique geological setting underscores the nation's substantial potential as a gold producer.
The chart below compares Indonesia’s gold production and export volumes over recent years. It highlights the country’s strategic role in supplying global industries.
Production and export of gold in Indonesia.
No gold production and export data available.
💡 Fact: Indonesia produced 82,972 kg of gold in 2023, ranking 8th globally and the largest in Southeast Asia. Key export markets include Singapore and Jordan. Major production regions are Grasberg (Papua), Martabe (North Sumatra), and Batu Hijau (West Nusa Tenggara). The royalty rate is 10-16% based on the LBMA benchmark.