PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional (AMMAN), has secured the export permit for copper concentrate from the Indonesian Ministry of Trade following a recommendation from the Ministry of Energy and Mineral Resources (ESDM).
“The export permit will bolster the company’s financial condition as we undertake significant capital expenditures for various expansion projects, including supporting the smelter’s operations,” AMNT President Director, Rachmat Makkasau, said in a statement on Thursday, July 25, 2024.
The permit allows AMNT to export up to 587,330 wet metric tons, equivalent to 534,000 dry metric tons of copper concentrate, valid until December 31, 2024.
“The quota aligns with the submission in the 2024 Work Plan and Budget,” Makkasau noted.
This permit is also a testament to the progress of the copper smelter project being developed by PT Amman Mineral Industri (AMIN), which is proceeding according to the government’s targets.
As of May 31, 2024, independent verification reported that the smelter project had reached mechanical completion, achieving 95.5 percent progress.
The commissioning of the main smelter facilities is expected to follow shortly. The AMMAN copper smelter has a total input capacity of up to 900 kilo tons per annum (ktpa) of concentrate from the Batu Hijau and future Elang mines.
The refined products will include copper cathodes (222 ktpa), approximately 18 tons of gold, 55 tons of silver, and around 830,000 tons of sulfuric acid annually. The first copper cathode production is anticipated in the fourth quarter of 2024.
The smelter construction involves collaboration with international contractors, including China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd (NFC) and PT Pengembangan Industri Logam (PT PIL).
This partnership ensures that the smelter project meets global standards and is completed on time. The project is poised to become one of the fastest double flash smelting facilities constructed outside of China.
AMNT is among five companies benefiting from the mineral export relaxation policy. In addition to AMNT, PT Freeport Indonesia also secured a copper export permit earlier this month.
