JAKARTA. PT Aneka Tambang Tbk (ANTM), a metal and mineral mining under the state-owned mining holding company, MIND ID, will join hands with PT Freeport Indonesia to maintain gold product supply.

Nicolas D. Kanter, President Director of ANTM, mentioned that as of now, the potential of demand in the gold sector is still high. Therefore, the company will optimise gold sales through physical or digital channels.

“Antam will also explore a competitive domestic gold scouring from Freeport,” added Kanter during Public Expose Live 2024 of ANTM held today (27/8).

On the same occasion, Kanter further confirmed that ANTM will be an off-taker of gold from Freeport. It is done to ensure gold supply from the domestic market. In addition, this strategy is believed to be able to enhance operational efficiency and working capital of the company.

In the meantime, in the nickel sector, ANTM is currently reviewing the plan to acquire a smelter owned by Tsingshan in Morowali. This is intended to promote nickel downstreaming process of the company.

“In order to generate competitive mineral downstreaming process, Antam plans to acquire Tsingshan’s nickel smelter,” added Kanter. (KR/ZH)