24/07/2023 | Press ReleaseAMMAN Obtains Export Permit Until May 2024A subsidiary of PT Amman Mineral Internasional Tbk ("AMMAN" or "Company"), PT Amman Mineral Nusa Tenggara (AMNT), has obtained approval for the export of copper concentrate from Indonesia's Ministry of Trade. The export permit for 900,000 wet metric tons of copper concentrate is valid from 24 July 2023 to 31 May 2024. This export permit is issued based on the recommendation from the Ministry of Energy and Mineral Resources (ESDM) that allows AMNT to export mineral processing products.
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06/07/2023 | Press ReleaseAmman Mineral Internasional (AMMN) IPO Oversubscribed 13.6 timesJakarta, 6 July 2023 – PT Amman Mineral Internasional Tbk (stock code “AMMN”) is scheduled to go public on the Indonesia Stock Exchange on Friday (7/7). The enthusiasm of retail market players is quite high, as seen from the public offering process that took place on 3-5 July 2023.
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10/06/2023 | ArticleAMNT 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.
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10/06/2023 | ArticleThe Ministry of EMR issued a Regulation to Allow Copper Concentrate Export until May 31, 2024On June 9, 2023, the Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) issued MEMR Regulation No. 7 of 2023 regarding Continuation on the Construction of Domestic Metal Mineral Refining Facilities (“MEMR Reg No. 7/2023”) which will take effect on June 11, 2023. MEMR Reg No. 7/2023 allows copper concentrate with a level content of ≥ 15% Cu to be exported outside Indonesia until May 31, 2024 subject to the satisfaction of certain prescribed requirements, including the obtaining the recommendation from the Directorate General of Mineral and Coal as a condition to receiving a valid export permit. The amount of copper concentrate allowed to be exported outside of Indonesia is determined based on (i) an estimate of the mineral reserves required to satisfy domestic refining facilities as referred to under the Law No. 4 of 2009 on Mineral and Coal Mining, as amended by Law No. 3 of 2020 on the Amendment of the 2009 Mining Law (“Mining Law”), (ii) the approved export amount of Processed Product (as defined below) as set out in the approved annual work program and budget (Rencana Kerja dan Anggaran Biaya or RKAB) of the relevant permit holder and (iii) the capacity of domestic refining facilities as referred to under the Mining Law. The following sets out a summary of the key conditions for the grant of an export permit:
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17/05/2023 | ArticleThe U-22 National Football Team Victory: Inspiration for AMMAN on Football in West SumbawaAMMAN is organizing the KSB League in collaboration with the Asian Soccer Academy (ASA), an organization that educates, develops, and evaluates the development of young football talent. The major European Leagues clubs have recognized the ASA. AMMAN and ASA are conducting the KSB League to demonstrate that companies can provide unique opportunities for people with disabilities to better their lives.
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16/05/2023 | ArticleAMMAN Sent 12 young KSB Footballers to PSS Sleman Academy in YogyakartaPT Amman Mineral Nusa Tenggara (AMMAN) together with PSS Sleman continues to trained U-15 Footballers of West Sumbawa (KSB). Around 80 young athletes selected by the PSSI KSB, and PSS Sleman District Associations (Askab) attended a two-day Coaching Clinic (9-10 May 2023) at three football fields: Maluk, Benete, and Sekongkang. For this clinic PSS Sleman brought three professional footballers: Saddam Gaffar, Dimas Fani, and Ifan Nanda.
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07/04/2023 | ArticleCommission VII DPR RI Impressed by AMMAN Copper Smelter ProgressCommission VII of the House of Representatives of the Republic of Indonesia (DPR RI) made a second visit to the site of the PT Amman Mineral Industri (AMIN) copper smelter currently under construction near the Batu Hijau mine West Sumbawa. The 4 April 2023 visit was to conduct a first-hand inspection of the site following the report from an independent inspector regarding the progress of construction from August 2022 to January 2023. The report concluded that as of January 2023 the project is 51.63 percent completed.
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10/03/2023 | ArticleTraining for Pre-School Teachers to Improve the Early Childhood Education in West SumbawaThe quality of Early Childhood or Pre-School Education (Pendidikan Anak Usia Dini or PAUD) determines a child’s future. PT. Amman Mineral Nusa Tenggara (AMMAN), together with INSPIRASI Foundation as an implementing partner, initiated a capacity building program for early childhood education teachers and principals called PAUD Prestasi, Computational Thinking-Based Learning at the PAUD.
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03/02/2023 | ArticlePrioritizing Occupational Health and Safety, AMMAN Initiates a Sharing Session with the University of CordovaWest Sumbawa, 3 February 2023 – PT Amman Mineral Nusa Tenggara (AMMAN) held a sharing session with Engineering Faculty students consisting of Mining Engineering, Industrial Engineering, Civil Engineering students, and alumni of the Faculty of Engineering, Cordova University, West Sumbawa Regency (KSB). This activity commemorates the national Occupational Health and Safety (K3) Month, which takes place from 12 January to 12 February 2023. The sharing session aims to introduce the Mining Safety Management System (SMKP), owned and implemented in AMMAN’s operational activities. AMMAN Safety Health and Loss Prevention (SHLP) Manager Galuh Yudha Satria, presented this session. The Vice Chancellor III of the University of Cordova, Junaidi Efendi, S.T., M.T, also attended it.
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23/01/2023 | ArticleAMMAN Receives SMK3 Certificate for Implementing Occupational Health and SafetySumbawa Barat, January 23, 2023 – PT Amman Mineral Nusa Tenggara (AMMAN) receives an SNI ISO 450001:2018 certificate regarding Occupational Health and Safety Management System (SMK3) from PT SUCOFINDO. The handover was conducted by PT SUCOFINDO Commercial Director Darwin Abas to AMMAN Site Director Wudi Raharjo and witnessed directly by I Gede Putu Aryadi, the West Nusa Tenggara’s Head of Manpower and Transmigration Office. This certificate was awarded in commemorating the National Month of Occupational Health and Safety (K3) on January 12, 2023, with the theme “Realization of Decent Work with a Culture of Occupational Health and Safety to Support Business Continuity in Every Workplace.”
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