Antam Wants To Acquire New Gold Mining, This Is The Leak

JAKARTA - PT Aneka Tambang Tbk (ANTM) opens the opportunity to acquire new gold mines in the near future.

ANTM General Manager, Abdul Bari said, this state-owned mining issuer will explore to acquire mines, both domestic and foreign mining acquisition.

However, Abdul was reluctant to give a leak regarding the location of the gold mine that would be acquired.

"We can't tell the area first, it's the Indonesian region. When it's called a corporate action, we can't tell it all," he said at the Minerba Expo 2024 quoted on Tuesday, November 26.

To acquire this, he said, his party had studied various prospects.

Abdul also said that one of the steps that ANTM will take is to participate in an auction organized by the Ministry of Energy and Mineral Resources (ESDM).

This is intended to increase ANTM's gold reserves in the future.

"Our domestic auction depends on the Ministry of Energy and Mineral Resources once there is certainty we will follow it," he added.

Previously, ANTM had carried out corporate actions with PT Freeport Indonesia (PTFI) through a 30 tonne gold sale and purchase agreement with a 99 percent content.

President Director of Antam Niko Kanter said this collaboration is a tangible manifestation of the downstream program launched by the government.

"In this agreement, we agreed to (purchase) 30 tons of gold according to PTFI's capacity," Niko said in his remarks, Thursday, November 7.

Through collaboration with PTFI, Niko said this could reduce Antam's dependence on gold imports that had been carried out so far.

Not only that, this collaboration can also save the country's foreign exchange which was lost due to gold import activities.

"That's how many hundred trillions we can save as a country's foreign exchange," added Niko.