JAKARTA - PT Amman Mineral Internasional Tbk (AMMN) has realised 98.53% of the IPO proceeds, equal to IDR 10.32 trillion from total IDR 10.47 trillion. As of now, the remaining IPO proceeds were placed in PT Bank Mandiri (Persero) Tbk (BMRI) with an interest rate of 5.5% per annum.

In the information disclosure quoted Tuesday (6/2), Arief Widyawan Sidarto, Director of AMMN, mentioned that the allocated capital for PT Amman Mineral Industri (AMI) amounts to IDR 1.79 trillion. The realisation is slightly higher than the previous plan disclosed in the IPO prospectus dated June 27, 2023, due to foreign exchange gap during capital investment. Capital investment to AMI was USD 117.2 million, using the currency exchange rate of IDR 15,320 per USD.

In addition, the issuer had paid off loans and allocated extra capital to PT Amman Mineral Nusa Tenggara of IDR 3.046 billion and IDR 5.48 trillion, respectively. The realisation of both activities arrived below the target, initially set to IDR 3.048 trillion and IDR 5.64 trillion.

As is known, until December 2023, AMI’s copper smelter construction has reached 76.1% of progress from the initial target of 72.4%, while the progress of precious metal refinery facility has reached 72.7% from the initial plan of 72.1%. In the future, total input capacity of both facilities is projected to reach 900 thousand kilo ton of concentrate per year, taken out of Batu Hijau mine and Elang project. (LK/ZH)