PT Amman Mineral Internasional Tbk (AMMAN), one of Indonesia’s largest copper and gold mining companies, recently received the prestigious award of ‘World’s Most Trustworthy Companies 2024’ by Newsweek. AMMAN ranked 15th out of 53 companies across various countries in the ‘Materials and Chemicals’ category.
Companies considered for the ‘World’s Most Trustworthy Company’ ranking are those listed on stock exchanges in 20 target countries, with revenues exceeding USD 500 million. Newsweek, in collaboration with global data research firm Statista, conducted surveys involving 70,000 participants from these countries. Participants rated companies they were familiar with based on three criteria: Trust of (potential) Investors, Trust of (potential) Customers, and Trust of (potential) Employees. The evaluation also included social listening by monitoring sentiment about the companies on the internet and social media.
Kartika Octaviana, Vice President of Corporate Communications & Investor Relations at AMMAN, expressed her gratitude for the public's trust in AMMAN.
“We always prioritize integrity in our business operations. AMMAN’s commitment to excellence and high-quality standards is consistently maintained through continuous improvements, which strengthens our reputation as a leader in operational performance within the mining industry. We believe this is key to building public trust,” Kartika said on September 9, 2024.
As a globally significant copper and gold producer with large world-class reserves, AMMAN has undertaken various transformative efforts to boost productivity and operational efficiency.
Kartika highlighted that one bold move AMMAN made shortly after its acquisition was to halt 40% of its mining capacity for three months in 2017 to reorganize its mining plan, resulting in more productive and efficient use of digging and hauling equipment.
“This initiative significantly increased the production blasting volume with optimal fragmentation,” she noted.
To achieve high productivity, AMMAN also operates 138 CAT793C trucks at the Batu Hijau mine. These trucks, capable of carrying up to 240 tons of mineral ore, require costly maintenance. To drive maintenance efficiency, AMMAN took over the Machine Rebuild Centre (MRC) and Component Rebuild Centre (CRC) from third-party operators in 2018.
“As a result, AMMAN can now disassemble and reassemble each truck’s components in just 23 days at Batu Hijau. This has allowed AMMAN to reduce assembly costs by approximately 35% compared to previously conducting assembly in East Kalimantan, which took 9-12 months,” Kartika explained.
AMMAN is currently undertaking various expansion projects, including a copper smelter and precious metal refinery, expanding processing plant capacity, and enhancing supporting facilities. These mega-projects are expected to further support AMMAN’s position as a growing and leading mining business.
