PT Amman Mineral Internasional Tbk (AMMN) is optimistic that its gold production target for 2025 can be achieved, supported by a well-planned expansion strategy and operational improvements.
Amman’s Vice President of Corporate Communications, Kartika Octaviana, revealed that in its 2024 nine-month performance report, Amman has projected its 2025 production with a target of 228 million pounds of copper and 90,000 ounces of gold.
"These targets reflect the dynamics of operations, which are influenced by the mining plan at Batu Hijau, now entering the early stages of Phase 8 with low to medium-grade ore," said Kartika to Kontan on Tuesday (January 8).
Kartika explained that Amman remains focused on operational efficiency and maintaining its status as one of the world's low-cost copper and gold producers. As a price taker, market dynamics do not impact our production and sales strategy. Our main focus remains on optimizing performance and controlling costs.
This year, Amman is focusing on completing strategic projects to support future production activities.
"This year, we are focusing on completing expansion projects, including the final commissioning phase of the copper smelter and precious metal refining, gas and steam power plants, LNG facilities, and processing plant expansion," said Kartika.
Kartika added that the company continues to prioritize safety in the construction process to ensure that all facilities can operate optimally and safely in the long term. To support this, Amman has allocated a capital expenditure (capex) of US$ 1.4 billion for the period from Q4 2024 to 2025. The capex realization for Q4 2024 will be announced in the 2024 fiscal year performance report, which is scheduled for release in March 2025.
Several projects currently underway at Amman, such as the copper smelter, gas and steam power plants, and LNG facilities, are designed to enhance operational capacity and support the company's sustainable growth. Additionally, the expansion of the processing plant will be a crucial catalyst to boost production capacity, particularly in addressing the challenge of lower-grade ores.
With a well-measured long-term strategy and significant investment in infrastructure development, Amman is optimistic about meeting its production targets and maintaining competitiveness in the global mining industry.
