Snowball Effect: Freeport, Antam (ANTM), and Mounting Challenges in Indonesia’s Gold Supply
Perhapi said any DMO policy must be implemented fairly so as not to burden companies that wish to sell their gold to ANTM.
(Bisnis.Com) 01/01/70 07:00 4022
Bisnis.com, JAKARTA—Gold supply issues at PT Aneka Tambang Tbk. (ANTM) and PT Freeport Indonesia have led the government to review its management of gold mining.
Indonesia is one of the world’s top 10 gold producers. Despite this, ANTM needs to import gold as raw material for its precious metals business. This has raised questions. As a result, the Ministry of Energy and Mineral Resources (ESDM) is exploring new approaches to gold mining governance. One option under consideration is introducing a domestic market obligation (DMO) policy to secure ANTM’s raw material supply, though the process remains lengthy.
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