Amman's Extra Efforts in the Second Half

The latter half of this year serves as a pivotal moment for PT Amman Mineral Internasional Tbk. (AMMN) to boost its performance and expansion.

Artha Adventy

6 Okt 2023 - 23.44
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Amman's Extra Efforts in the Second Half

PT Amman Mineral Internasional Tbk's mining activities

Bisnis, JAKARTA—The latter half of this year serves as a pivotal moment for PT Amman Mineral Internasional Tbk. (AMMN) to boost its performance and expansion. This follows the company's successful IPO that raised IDR 10.73 trillion and the issuance of a concentrate export permit in July 2023.

In 2023, AMMN is planning to increase its production targets. The company aims to produce 610,000 tons of concentrate, 337 million pounds (Mlbs) of copper, and 529 kilo ounces (koz) of gold.

During the first half of 2023, AMMN produced 233,618 tons of concentrate and sold 137,828 tons. However, the copper production reached only 39.76% of the target, amounting to 134 Mlbs, and gold production achieved 32.51% of the annual target with 172 koz.

AMMN's sales in the first half of the year included 76 Mlbs of copper and 119 koz of gold. These figures represented a 59% decrease in copper sales and a 63% decrease in gold sales compared to the results from the first half of 2022.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Amman's Extra Efforts in the Second Half

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