Support The Implementation Of The Golden DMO, Antam: Fairness Principle

JAKARTA - PT Aneka Tambang Tbk (ANTM) has opened its voice regarding the discourse on the implementation of a domestic market obligation (DMO) delivered by the Government.

ANTM Corporate Secretary Division Head Wisnu Danandi Haryanto revealed that Antam views the Government's plan to strengthen the gold supply from domestic sources as a positive step in supporting the availability of gold for the people of Indonesia.

"This initiative is also in line with the direction of national downstream policy and the spirit of strengthening added mineral value as stipulated in the latest provisions of the government," he said when contacted by VOI, Thursday, November 20.

He added that the amount of domestic supply obligations (DMO) is entirely under the authority of the Government, which of course will consider the needs of the domestic market, national production capacity, and the dynamics of the gold industry as a whole.

"Antam is ready to follow and adjust the policy according to the direction of the Government," he added.

In its implementation, continued Wisnu, the DMO policy is expected to be prepared with the principle of fairness, so that all industry players, both miners and processors, obtain business certainty and balanced economic value.

"Antam supports a transparent and just arrangement for all parties in the national gold supply chain," said Wisnu.

In order for the DMO policy to run effectively and encourage the growth of a precious metal ecosystem in the country, Wisnu said that synchronization of related aspects is also needed, including taxation policies and commerce.

He considered that the adjustment of policies that were in line with gold and other precious metal commodities, including silver, would strengthen the sustainability of the national precious metal industry as a whole.

"Thus, an integrated policy is expected to be able to support the growth of this sector in a fair and competitive manner," said Wisnu.