AMNT entered into a Concentrate Sales Agreement with Glencore International AG (“Glencore”)

Article
10/06/2023
AMNT entered into a Concentrate Sales Agreement with Glencore International AG (“Glencore”)

On May 30, 2023, PT Amman Mineral Nusa Tenggara (“AMNT”) entered into a Concentrate Sales Agreement with Glencore International AG (“Glencore”) pursuant to which, AMNT has agreed to sell Glencore no less than 400,000 tons of concentrates from the Batu Hijau mine between 2024 and 2026. Concurrently with the signing of this new agreement, the parties have also agreed to amend the previous Concentrate Sales Agreement signed on September 16, 2021 between them to provide Glencore with a total discount of US$25.0 million in respect of the offtake arrangements with Glencore in 2023 and 2024. These arrangements are subject to certain conditions, including the completion of the Initial Public Offering of PT Amman Mineral Internasional Tbk.

 Back to News
Other News
  • AMMAN Secures Export Recommendation for Copper Concentrate until April 2026
    01/11/2025 AMMAN Secures Export Recommendation for Copper Concentrate until April 2026 PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional Tbk (AMMAN, IDX: AMMN), has received a concentrate export recommendation, with an export quota of 480,000 dry metric tonnes (“dmt”), which is valid for six months, effective from 31 October 2025, from Indonesia’s Ministry of Energy and Mineral Resources (ESDM). This recommendation serves as a prerequisite for the Ministry of Trade to issue the Export Approval Letter (SPE) for AMNT’s copper concentrate exports. Read More
  • AMMAN Drives Early Childhood Education (ECE) Teachers to Master Computational Thinking
    31/10/2025 AMMAN Drives Early Childhood Education (ECE) Teachers to Master Computational Thinking PT Amman Mineral Nusa Tenggara (AMMAN), one of Indonesia's largest copper and gold mining companies, in collaboration with the Kudus Teacher Learning Center (Pusat Belajar Guru Kudus) facilitated by the Bakti Pendidikan Djarum Foundation, is taking a strategic role in the national effort to strengthen the foundation of early childhood education. Read More
  • AMMAN Wins Top ASEAN Award for Best Mineral Processing Practices
    21/10/2025 AMMAN Wins Top ASEAN Award for Best Mineral Processing Practices From the Batu Hijau mining area in West Sumbawa, Indonesia's mineral processing technology and best practices have captured the attention of Southeast Asia. PT Amman Mineral Nusa Tenggara (AMMAN), one of Indonesia's largest copper and gold mining companies, was named the winner in the 'Best Practices in Processing' category at the prestigious 'The 4th ASEAN Mineral Awards (AMA) 2025'. Read More