Investment Realization Of Smelter AMMAN Achieves More Than 51 Percent At The End Of January 2023

Photo: Doc. Amman Mineral Industry

PT Amman Mineral Industri (AMIN) continues to be committed to completing the AMMAN smelter project located in West Sumbawa Regency (KSB). Until January 2023, this project continues to show development development with investment realization of more than 51 percent.

This shows the company's commitment to continue the construction of the smelter, so that it can be completed by the end of 2024. The verification process by third parties is independent until now still ongoing.

The President Director of AMIN, Rachmat Makkasau explained, the achievement in the January 2023 period is based on the calculation of the realization of the budget for the smelter, which includes physical construction and also the purchase of equipment and machinery for operations.

"Referring to the absorption of costs that have been incurred by the company, the development of the smelter project has been in the range above 51 percent. The constraints of the COVID-19 pandemic and the energy crisis in Europe, which are external factors, have caused logistical constraints and mobilization of human resources (HR), so that the original target of the completion of the smelter in 2023 will not be implemented. We will continue to strive to overcome various existing external obstacles and strive to accelerate the construction process, so that realistic targets at the end of 2024 can be achieved," said Rachmat, in his statement, Monday, February 13. AMMAN smelter project itself became the largest contributor to the realization of KSB investment in West Nusa Tenggara Province in the 2022 period. This is in accordance with the presentation of the Secretary of the Office of Investment and One Stop Integrated Services (DPMPTSP) KSB, Slamet Riadi.

"The construction of a smelter is a trigger for the high realization of investment, where we recorded an increase of up to more than targeted at 278.22 percent or equivalent to Rp11.87 trillion. The entry of a smelter is also a domino effect on the presence of investment in other sectors," explained Slamet.

The realization of NTB investment in 2022 reached IDR 21.606 trillion, where this realization exceeded the national target of the Indonesian Investment Coordinating Board (BKPM) of IDR 18.5 trillion and the target of the Regional Medium-Term Development Plan (RPMJD) of IDR 15.4 trillion.

The investment also supports the enthusiasm of the economy and investment that weakened after the COVID-19 pandemic. Based on the accumulated Domestic Investment (PMDN) and Foreign Investment (PMA), West Sumbawa Regency (KSB) is in first place with a total investment realization of IDR 14.61 trillion, followed by Dompu Regency of IDR 3.28 trillion, and Mataram City of IDR 1.60 trillion.