Win Sarachai

Win Sarachai leads Merdeka Copper Gold as CEO, overseeing an Indonesian multi-metal mining company positioned at the heart of the global energy transition metals supply chain. The company's flagship asset is the Tujuh Bukit copper-gold complex in East Java, one of Indonesia's most significant new mining developments. Tujuh Bukit contains both a gold mine (already in production) and a large copper-gold porphyry deposit that represents the company's long-term growth engine. Merdeka has also expanded aggressively into nickel — Indonesia is the world's largest nickel producer, and the country has been building a massive nickel processing industry to supply the EV battery supply chain. Merdeka's nickel subsidiaries are developing nickel mining and smelting operations that tap into this structural demand from electric vehicle battery manufacturers who need nickel for high-energy-density cathodes. Indonesia's geological endowment in copper, gold, and nickel — combined with government policies promoting domestic mineral processing — makes Merdeka a uniquely positioned play on the global energy transition and Indonesian industrial development. Key stock drivers include copper and gold prices, nickel prices and demand from battery manufacturers, Tujuh Bukit copper project development progress, Indonesian mining regulatory environment (export bans, processing requirements), production volumes and costs, and the competitive dynamics with Freeport Indonesia, Vale Indonesia, and other Indonesian miners.