Jakarta, 19 June 2025 – PT Amman Mineral Internasional Tbk (AMMAN) (IDX: AMMN) has once again been recognized in the recently released 2025 Fortune Southeast Asia 500 list. This prestigious ranking highlights the 500 largest companies in Southeast Asia based on fiscal year 2024 revenue. This marks AMMAN’s second consecutive appearance on the list, climbing significantly from 172nd place last year to 131st this year.
As Indonesia’s largest publicly listed copper and gold mining company, AMMAN delivered strong financial results in 2024, driven by increased production and sales volumes from the Batu Hijau mine—operated by its subsidiary, PT Amman Mineral Nusa Tenggara (AMNT)—as well as a sharp rise in commodity prices.
Kartika Octaviana, Vice President of Corporate Communications at AMMAN, credited the achievement to effective operational strategies. “AMMAN recorded solid financial and operational performance in 2024,” she said. “We saw a significant increase in metal output, largely due to high-grade ore extracted from the peak of Phase 7. This contributed to the highest gold production since Batu Hijau began operations in 2000. Alongside this, our ongoing efficiency initiatives have also enabled AMMAN to remain one of the world’s lowest-cost copper producers,” she added.
AMMAN continues to expand its exploration efforts, extending the life of the Batu Hijau mine by six years through Phase 8, which will operate until 2030. The year 2025 marks a significant transformation for the company. In addition to starting Phase 8 mining operations, AMMAN is evolving into a fully integrated copper and gold producer, covering mining, smelting, and refining. This growth is supported by ongoing digital transformation and the adoption of artificial intelligence (AI) to further streamline operations.
“AMMAN’s inclusion in this prestigious list highlights our growing role in strengthening regional supply chains and reflects our ongoing commitment to delivering long-term value for all stakeholders.” Kartika concluded.
