GreenGold Technology
GreenGold Technology is a privately held mining services firm that partners with gold mining companies on project development, engineering, feasibility studies, and licenses its proprietary RECYN resin-bead technology to recycle cyanide and recover metals from plant tailings.
- Company typePrivate
- Founded2017
- HeadquartersJakarta, Indonesia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What GreenGold Technology does
GreenGold Technology is a privately held mining-services firm that positions itself as a long-term development and production partner for gold mining companies rather than a transactional contractor. The company is built around two intertwined offerings: an integrated suite of mineral project development services (operational advisory, bankable feasibility studies, in-house metallurgical laboratory, engineering design, management and operational services, capacity building and plant construction) and a proprietary technology platform called RECYN. RECYN is a resin-bead absorbent system that captures free cyanide from gold plant tailings and recycles it back into the leach circuit, with claimed outcomes of a 50% reduction in cyanide consumption, recovery of metal complexes for resale, and detoxification of tailings to a 100%-compliant clean-water discharge standard.
The firm operates from three offices — Perth (Australia), Jakarta (Indonesia, where main activities are centred) and Singapore — targeting enterprise mining clients primarily in Southeast Asia and Oceania with global ambitions. Its founder, Malcolm Paterson, publicly anchors the company's positioning around replacing the contractor mindset with a partner model that returns control and profit to the mining company. GreenGold monetizes through professional services engagements (advisory, engineering, feasibility and lab work) and through the licensing/implementation of the RECYN process to gold operations seeking cost and environmental improvements, as illustrated by third-party Whittle Consulting analysis citing a USD $126.9M upside potential at the Martabe mine in Northern Sumatra, Indonesia.
The product surface extends beyond RECYN to include a Process Equipment line (referenced via an affiliated inquipnusantara.com presence), specialist drilling services, and dedicated geology capabilities, allowing the firm to sell either a complete project development package or individual component services. The company is founder-owned, with no disclosed institutional investors, no parent company, no public listing and no funding rounds in the source data, and maintains a headcount in the 51–100 range.
GreenGold Technology firmographics
Firmographics- Name
- GreenGold Technology
- Legal name
- GreenGold Technology
- Website
- https://greengoldengineering.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- GreenGold Technology is a privately held mining services firm that partners with gold mining companies on project development, engineering, feasibility studies, and licenses its proprietary RECYN resin-bead technology to recycle cyanide and recover metals from plant tailings.
- Ownership category
- akta.pro rank
GreenGold Technology industry classification
Industry- Product category
- Mining Engineering Services
- NAICS
- Mining Machinery and Equipment Manufacturing (333131)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)
- akta.pro primary industry
- Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF)
- akta.pro secondary industries
- Process Water & Effluent Treatment (Water Recycle, AMD Treatment, Neutralization) (IMAKALAI), Mine Dewatering & Water Management Services (Pumping, Treatment, Tailings Water Return) (IMAKAKAI), Precious Metals Recycling & Urban Mining (E-waste, Catalysts, Jewelry Scrap) (IMAKAEAG), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where GreenGold Technology is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices3 records
Markets served
GreenGold Technology business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Project Development Services: Complete project development package for mineral projects including operational advisory, bankable feasibility studies, in-house laboratory services, engineering, management and operational services, capacity building, and plant construction.
- RECYN Technology Licensing/Implementation: Licensing and implementation of the proprietary RECYN cyanide recovery technology to mining operations seeking to reduce cyanide costs and improve environmental performance.
- Specialist Services: Specialist services including Advisory Group, Process Equipment, Metallurgical Laboratory, Drilling, and Geology services to enhance the mineral project development process.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
GreenGold Technology product offering
Product offeringCore offering
GreenGold Technology provides end-to-end mineral project development and production services for mining companies, including operational advisory, bankable feasibility studies, in-house laboratory testing, engineering design, management and operational services, capacity building, and plant construction. The company also licenses its proprietary RECYN resin-bead technology, which recycles cyanide from gold plant tailings, reduces cyanide consumption by 50%, recovers metal complexes, and detoxifies tailings streams for compliant water discharge.
Product overview
GreenGold Technology offers a unified portfolio of mineral project development and production services, combining the RECYN technology (resin-based cyanide recycling) with project development, specialist services, and advisory capabilities. The core RECYN product reduces cyanide consumption by 50% and recovers metals from tailings. Services include engineering design, metallurgical laboratory, geology, operational advisory, bankable feasibility studies, and plant construction—all delivered as a complete project package or individual components.
Differentiator
Problem solved
Functional benefit
Brands
- ReCYN: A resin-based technology that economically recycles cyanide from gold plant tailings, reducing cyanide consumption by 50%.
Products and services
- RECYN A world-leading resin-bead absorbent technology that economically recycles cyanide from gold plant tailings. RECYN reduces cyanide consumption by 50%, captures free cyanide from plant tailings and recycles it back into the leach circuit, recovers metal complexes for sale, and detoxifies the tailings stream to guarantee 100%-compliant clean water discharge. Targeted at gold mining operators seeking to reduce cyanide costs and improve environmental performance.
- Project Development Complete approach to developing new and existing mineral projects. Includes full Engineering Design capability, operational experience through the Advisory Group, latest proven technologies, and Speciality Services. The offering is aimed at reducing risk, bringing down costs, and maximizing returns for mining companies. Services can be commissioned as part of a complete project development package or as individual components.
- Specialist Services Specialist services bundle that significantly enhances the development process, including Advisory Group, Process Equipment, Metallurgical Laboratory, and Drilling services. Designed to reduce risk, bring down costs, and maximize returns by helping clients implement best practice at each stage of development.
- Engineering Design Full engineering design capability for mineral project development, covering both new project builds and optimization of existing operations. Delivered as part of project development packages or as a standalone engineering engagement.
Quantifiable outcome
- 50% reduction in cyanide consumption
- +2 more outcomes
Companies that use GreenGold Technology
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
GreenGold Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
GreenGold Technology partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Whittle ConsultingcoreWhittle Consulting published data on the application of ReCYN technology at the Martabe mine in Northern Sumatra, Indonesia, demonstrating a USD $126.9M upside potential. This represents a key third-party validation of GreenGold's technology value proposition through economic modeling.
- PT. Borneo Productions InternationalminorWebsite and video development partner for GreenGold, based at www.bpi-pt.com. This is a vendor/service provider relationship for marketing materials.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
GreenGold Technology competitors and assessment
Company assessmentDirect peers
- Whittle Consulting: Mining optimisation consultancy that conducted the $126.9M RECYN upside study at Martabe. Comparable as a boutique mining advisory firm serving gold miners, though focused on strategic mine planning rather than process technology.
- Ausenco: Engineering and project delivery specialist focused on the mining and metals sector, particularly gold and copper. Ausenco's project development and process technology offerings closely mirror GreenGold's full project package approach.
- Kappes, Cassiday & Associates (KCA): Boutique metallurgical engineering and laboratory services firm specialising in precious metals, particularly gold/silver heap leach and cyanide processing. Closely comparable to GreenGold as a specialist gold-focused engineering and process technology firm.
- CyPlus (Evonik Industries): Specialist cyanide producer and technology provider for the gold mining industry, including cyanide recovery and detoxification solutions. The closest direct competitor to RECYN in the cyanide management value chain.
Broad incumbents
- FLSmidth: Global supplier of equipment and process technology for the mining and cement industries, with deep gold processing expertise. Comparable to GreenGold for its process equipment and tailings solutions but at much larger scale.
- Golder Associates (WSP): Earth and environmental consulting firm serving mining clients with feasibility, tailings management, and engineering services. Particularly comparable on the tailings/water management and environmental compliance side of GreenGold's offering.
- Metso (Metso Outotec): Major mining and metals process technology and equipment provider, including comminution, separation, and tailings handling. Competes with GreenGold on process equipment and project delivery but across a much wider portfolio.
- AtkinsRéalis (SNC-Lavalin): Global engineering and project management firm with a strong mining and metals practice, including feasibility studies and EPCM. Overlaps with GreenGold's full project lifecycle services but with a much larger global footprint.
- Hatch: Global mining and metals engineering, project delivery, and consulting firm. Hatch provides feasibility studies, EPCM, and process technology — directly overlapping with GreenGold's full project development lifecycle offerings, but at vastly greater scale.
- Wood (Wood Group): Major engineering and consulting firm with a mining and metals practice covering feasibility, project delivery, and asset management. Comparable to GreenGold in delivering mining engineering services but serving a much broader industrial portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
GreenGold Technology social profiles
Digital presenceGreenGold Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
GreenGold Technology leadership team
Management profileNumber of profiles
Profiles1 record
GreenGold Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GreenGold Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GreenGold Technology
What does GreenGold Technology do?
GreenGold Technology provides end-to-end mineral project development and production services for mining companies, including operational advisory, bankable feasibility studies, in-house laboratory testing, engineering design, management and operational services, capacity building, and plant construction. The company also licenses its proprietary RECYN resin-bead technology, which recycles cyanide from gold plant tailings, reduces cyanide consumption by 50%, recovers metal complexes, and detoxifies tailings streams for compliant water discharge.
Is GreenGold Technology a public or private company?
GreenGold Technology is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was GreenGold Technology founded?
GreenGold Technology was founded in 2017. It employs 51 to 100 people.
Where is GreenGold Technology based?
GreenGold Technology is headquartered in Jakarta, Indonesia, in the Asia region.
How does GreenGold Technology make money?
Three revenue lines are on record. Project Development Services are the primary driver. The others are RECYN Technology Licensing/Implementation and specialist Services.
Who are GreenGold Technology's main competitors?
Direct peers on record are Whittle Consulting, Ausenco, Kappes, Cassiday & Associates (KCA) and CyPlus (Evonik Industries). Broad incumbents are FLSmidth, Golder Associates (WSP), Metso (Metso Outotec), AtkinsRéalis (SNC-Lavalin), Hatch and Wood (Wood Group).
Does GreenGold Technology have an API?
No public API is recorded for GreenGold Technology.
What industry is GreenGold Technology in?
GreenGold Technology's product category is Mining Engineering Services. Its primary akta.pro industry code is IMAKAOAF, Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment), with a secondary code of IMAKALAI, Process Water & Effluent Treatment (Water Recycle, AMD Treatment, Neutralization). Its NAICS code is 333131 and its SIC code is 1040.