{"id":4543,"date":"2022-11-08T08:00:53","date_gmt":"2022-11-08T01:00:53","guid":{"rendered":"http:\/\/ligaasuransi.com\/?p=4543"},"modified":"2022-11-07T19:53:02","modified_gmt":"2022-11-07T12:53:02","slug":"seberapa-tinggi-risiko-penambangan-emas-di-indonesia","status":"publish","type":"post","link":"https:\/\/ligaasuransi.com\/en\/seberapa-tinggi-risiko-penambangan-emas-di-indonesia\/","title":{"rendered":"How high are the risks of Gold Mining in Indonesia?"},"content":{"rendered":"

Liga Asuransi<\/a> – Dear readers, how are you? Hope that your business is doing well. After a few weeks of not writing, now I would like to discuss risk management and insurance again.<\/span><\/p>\n

This time is about risk management and insurance for gold mining operations. As we know, Indonesia is among the 10th largest gold-producing countries in the world. The largest gold reserves in Indonesia are on the island of Papua in eastern Indonesia. However, gold is also found on several other islands.\u00a0<\/span><\/p>\n

The following is a list of 7 gold mining companies that have been listed in the capital market:<\/span><\/p>\n

    \n
  1. PT Aneka Tambang Tbk (ANTM)<\/span><\/li>\n
  2. PT Merdeka Copper Gold Tbk<\/span><\/li>\n
  3. PT Medco Energi Tbk\/PT Amman Mineral Nusa Tenggara (AMNT).<\/span><\/li>\n
  4. PT United Tractors Tbk \/ Martabe Gold Mine in North Sumatra<\/span><\/li>\n
  5. PT J Resources Asia Pacific (PSAB) Bolaang Mangondow<\/span><\/li>\n
  6. PT Bumi Resources Minerals Tbk (BRMS) Palu and Gorontalo.<\/span><\/li>\n
  7. PT Archi Indonesia Tbk (ARCI) Loka Tindung gold mine located in North Sulawesi.<\/span><\/li>\n<\/ol>\n

    Mining Accidents\u00a0<\/b><\/p>\n

    For your information, gold mining is considered much more hazardous than hard rock mining due to flat-lying rock strata, generally incompetent rock, methane gas, and gold dust.<\/span><\/p>\n

    A mining accident is an accident that occurs during the process of mining minerals or metals. Thousands of miners die from mining accidents yearly, mainly underground gold mining, although accidents also occur in hard rock mining.<\/span><\/p>\n

    Most of the deaths these days occur in developing and rural parts of developed countries where safety measures are not practiced as fully. A mining disaster is an incident where there are five or more fatalities.<\/span><\/p>\n

    Other than extensive loss planning, risk assessment, management programs, and scenario testing, mining companies must ensure they have the proper insurance to cover any loss. Instances of high-loss incidents are relatively few, but they are significant if they occur, making insurance that covers the entire lifecycle of a project essential.<\/span><\/p>\n

    Today, miners face frontier environments, issues with social licenses to operate, potential impacts of climate change policies and local governments, cost-management challenges, issues around infrastructure access, and softening commodity markets.<\/span><\/p>\n

    Stage of Mining Process<\/b><\/p>\n

      \n
    1. Exploration<\/span><\/li>\n
    2. Development\/Transitional<\/span><\/li>\n
    3. Production<\/span><\/li>\n<\/ol>\n

      Mining Exploration Risks<\/b><\/p>\n

      A successful mineral exploration strategy requires identifying some risk sources and considering them in the decision-making process so that controllable risk can be reduced.<\/span><\/p>\n

      Risk is defined as the chance of failure or loss. Exploration is an economic activity involving risk and uncertainty, so risk must be defined in an economic context.<\/span><\/p>\n

      Risk reduction can be addressed in three fundamental ways:<\/span><\/p>\n