【SMM Flash News】Indonesia Revokes PT Agincourt Resources’ License Over Forest Violations

Published: Jan 28, 2026 08:31

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Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has confirmed the revocation of PT Agincourt Resources’ business license following a presidential directive based on forest area violations. Minister Bahlil Lahadalia stated the decision followed a comprehensive review by the Forest Area Control (PKH) Task Force, which linked mining irregularities in North Sumatra to worsening environmental damage and disaster risks. PT Agincourt, a subsidiary of PT United Tractors Tbk that operates the Martabe gold mine, is among 28 companies—covering over one million hectares—whose permits were canceled for failing to meet forestry and environmental standards.

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