Amman Mineral Want An IPO? This Is What Medco Energi Said, Owned By The United Konglomerat, Arifin Panigoro.

Illustration. (Photo: Doc. Antara)

JAKARTA - The company owned by the late conglomerate Arifin Panigoro, PT Medco Energi Internasional Tbk (MEDC) is still reviewing the initial public offering (IPO) stock for subsidiaries in the field of copper and gold mining, PT Amman Mineral Nusa Tenggara (PT AMNT). MEDC's Chief Administrative Officer, Amri Siahaan in Public Expose Live, in Jakarta, Wednesday, September 15, said that Amman Mineral's IPO is still in the company's plans and continues to be reviewed. However, he did not provide a detailed explanation regarding the plan to go public. "Currently we have not been able to convey when. We will explain on the next occasion," said Amri. For information, PT AMNT operates a copper and gold coal mine in Sumbawa and has access to several prospects of exploration and the discovery of large reserves in the Eagle. According to Amri, the company also does not rule out the possibility of other acquisitions in the future. According to him, MEDC always sees the existing market conditions and takes advantage of them when they meet their needs. The company will continue to review the opportunities and conduct a comprehensive due diligence before deciding to acquire a business. "In general, we always see opportunities in the market for acquisitions. Every existing acquisition plan must meet the economic threshold criteria set by MEDC," Amri concluded.