The deal has been hailed as a significant milestone by both companies, with Antam’s President Director, Nico Kanter, stating that the collaboration represents a major step towards Indonesia’s self-reliance in mining. He added that it aligns with the government’s vision of reducing dependency on imported products and promoting domestic product usage.

The partnership also reflects Antam’s long-term commitment to strengthening its precious metals business, particularly in gold, to meet domestic demand. As a leading player in the Indonesian gold market, Antam plans to further enhance its capabilities to support investments in gold.

Both companies anticipate further collaboration as part of the broader strategy to diversify and increase the local mining industry’s output. PTFI’s successful integration of gold refining is seen as a precedent for future downstream initiatives in other minerals, including silver and copper.

With the signing of the agreement and successful shipment of gold, Freeport Indonesia has not only secured its position as a key player in Indonesia’s gold production but has also contributed to the country’s larger economic and industrial growth strategy. The partnership between Freeport and Antam signals a positive future for Indonesia’s mining industry, with the government aiming to maximize the sector’s value-added products. (Uki Ruknuddin)

 

YouTube player