Agincourt Resources Addresses North Sumatra Floods and Landslides Concerns

Clarification on Operational Area

PT Agincourt Resources (PTAR), the operator of the Martabe Gold Mine in North Sumatra, has issued a formal statement regarding the recent severe flooding and landslides in the region. The company has categorically stated that the location of the flash floods in Garoga Village is within the Garoga/Aek Ngadol watershed, which is distinct and not connected to the Aek Pahu watershed where their mining operations are located.

Key Points from the Company's Statement

• The company emphasized that their operational area in the Aek Pahu watershed is separate from the affected Garoga/Aek Ngadol watershed
• PTAR operates the Martabe Gold Mine, a significant mining operation in the region
• The company's statement aims to clarify misinformation circulating about their potential role in the natural disaster
• The recent floods and landslides have caused significant concern among local communities and authorities

Context and Background

The recent natural disasters in North Sumatra have raised concerns about environmental factors and potential industrial contributions. PT Agincourt Resources' statement is part of their effort to address these concerns and provide clarity on their operational footprint in the region. The company's clarification highlights the importance of understanding the geographical context of industrial operations versus natural disaster zones.