• Merdeka was established under the name PT Merdeka Serasi Jaya.
• PT Bumi Suksesindo, Merdeka’s first subsidiary, obtained a mining operation and production permit in Banyuwangi, East Java.

• PT Bumi Suksesindo commenced construction of the Tujuh Bukit Gold Mine in Banyuwangi, East Java.
• PT Merdeka Serasi Jaya changed its name to PT Merdeka Copper Gold.

Became a public company under the name PT Merdeka Copper Gold Tbk and stock code MDKA.

• PT Bumi Suksesindo obtained a syndicated bank loan of US$130 million for the Tujuh Bukit Gold Mine.
• Obtained US$25 million for the Tujuh Bukit Gold Mine.
• Tujuh Bukit Gold Mine started its first ore mining.

• The Tujuh Bukit Gold Mine managed by PT Bumi Suksesindo produced its first gold.
• Feasibility study conducted to expand the Tujuh Bukit Gold Mine.
• A concept study for the exploration of the Tujuh Bukit Copper Project has been completed.
• Established a subsidiary in the field of mining services: Merdeka Mining Servis.

• Acquired a 67% stake in the Wetar Copper Mine, which was later officially managed by PT Merdeka Copper Gold through its two subsidiaries: PT Batutua Kharisma Permai and PT Batutua Tembaga Raya (BKP-BTR).
• Conducted a Limited Public Offering by issuing Pre-emptive Rights worth Rp1.3 trillion.
• PT Bumi Suksesindo obtained a loan of US$200 million.
• Started exploration of the Tujuh Bukit Copper Project, an underground copper mine in Banyuwangi, East Java.
• Acquired a 66.7% stake in PT Pani Bersama Jaya (PBJ) which indirectly holds the IUP of the Pani Gold Project in Gorontalo, Sulawesi.

• Obtained a Term Loan Facility of US$100 million.
• Increase capital by Rp438 billion through the issuance of 215 million new shares at Rp3,980 per share through Private Placement.
• Performing a stock corporate action by splitting one share into five shares to increase the number of shares.
• Increase the value of its stake in the Wetar Copper Mine to 78%.
• Signed conditional transaction documents with PT J Resources Nusantara to combine gold projects in Pani, Sulawesi, into one larger gold mining project.
• Established six metal and mineral mining subsidiaries: PT Batutua Pelita Investama, PT Batutua Tambang Abadi, PT Batutua Tambang Energi, PT Batutua Abadi Jaya, PT Batutua Alam Persada, and PT Batutua Bumi Raya.

• Signed an MoU with PT J Resources Asia Pasifik Tbk to co-develop the Pani Gold Project.
• Signed an MoU with Eternal Tsingshan Group Limited to co-develop the AIM (Acid, Iron, Metal) Project, a mineral processing plant from the Wetar Copper Mine that will produce raw materials for batteries for electric cars.

• Established PT Merdeka Tsingshan Indonesia, a joint venture of Merdeka and Eternal Tsingshan Group Limited to manage the AIM Project in Morowali, Central Sulawesi.
• Acquired 50.1% stake in PT Gorontalo Sejahtera Mining for a Work Contract in the Pani Gold Project.

• Increase the shares of PT Pani Bersama Jaya (PBJ) to 83.35%. Indirectly, PBJ holds the IUP of the Pani Gold Project in Gorontalo, Sulawesi.
• Invested a 55.67% stake in PT Hamparan Logistik Nusantara which operates a nickel mine and refining facility.
• MSCI (Morgan Stanley Capital International) upgraded Merdeka’s ESG rating to BBB, MSCI’s highest ESG rating for an Indonesian Mining and Metals company; it places Merdeka in the top 30 percent of mining companies in the world rated by MSCI.
• One hundred percent of the Seven Bukit Gold Mine’s electricity is starting to use PLN’s renewable energy.
• Merdeka becomes a member of the UN Global Compact, an institution that promotes corporate sustainability policies and implementation and supports the UN’s broad goals, particularly the Sustainable Development Goals.

• PT Merdeka Battery Materials Tbk (MBM) was established and held its initial public offering in April 2023. MBM (previously named PT Hamparan Logistik Nusantara) is majority-owned by of PT Merdeka Copper Gold Tbk, which holds the controlling stake through its subsidiary, PT Merdeka Energi Nusantara.
• By June 2023, the production of the Tujuh Bukit Gold Mine successfully reached 1 million ounces of gold.
• In October 2023, Merdeka’s ESG MSCI rating upgraded from BBB to A.

• On June 8, 2024, installation of the Autoclave—the main equipment for PT ESG New Energy Material’s HPAL facility—was completed. This joint venture between PT Merdeka Battery Materials Tbk and GEM Co., Ltd targets its first production in December 2024.
• In June 2024, Merdeka, through its subsidiaries, acquired additional shares in PT Puncak Emas Pani Sejahtera (PETS), strengthening its control over the mining license of the Pani Gold Project.
• In September 2024, Train 1 of the AIM (Acid, Iron, Metal) Plant recorded a commissioning output of 77,555 tons of sulfuric acid, while Train 2 began operations with an output of 5,119 tons.
• PT Merdeka Battery Materials Tbk was included in the IDX 30 Index of the Indonesia Stock Exchange in October 2024 and secured funding through rupiah-denominated bonds and a US$100 million revolving credit facility.
• On November 28, 2024, Merdeka signed a cooperation agreement with the Faculty of Medicine, Universitas Indonesia, to map social and public health conditions in five Merdeka Group operational areas.
• In November 2024, PT Merdeka Copper Gold Tbk was listed among the TOP 50 Big Capitalization Public Listed Companies by the Indonesian Institute for Corporate Directorship.