Indonesia plays a crucial role in the global copper industry, which has experienced increasing demand due to the rise in electric vehicle and solar panel production. According to the United States Geological Survey (USGS), Indonesia ranks sixth in copper mining production, with a total output of 920 thousand tons in 2022. The country's copper ore exports also saw significant growth of 40.35% in 2022 compared to the previous year, reaching 3.1 million tons and reaching a historical high export value of USD 9.24 billion.
PT Amman Mineral Internasional Tbk (AMMN) CEO, Alexander Ramlie, emphasizes the company's commitment to strengthening mining transformation to support Indonesia's position in the global copper industry. The company aims to involve existing human resources in every strategic move to achieve operational excellence in mining. AMMN is focused on evaluating procedures and working techniques, maintaining a mindset ready to face challenges and changes while adhering to global standards in environmental, social, and corporate governance management. Ramlie highlights AMMN's competitive advantages, including efficient C1 cash costs and a strong mining safety record.
Under its subsidiary, PT Amman Mineral Nusa Tenggara, the company operates copper and gold mines in Batu Hijau, West Sumbawa Regency, West Nusa Tenggara. The mines yielded approximately 8.78 billion pounds of copper and 8.7 million ounces of gold in 2020. Additionally, the company has planned to enter Phase 8, extending the mine's lifespan until 2030. Furthermore, AMMN is exploring the Elang project, one of the world's largest copper and gold reserves, which is expected to commence operations in 2031. The company's strategic endeavors aim to further solidify Indonesia's significance in the global copper market.
