Antam Absorbs 9 Tons of Freeport Gold, Gold Sales Reach IDR 50.39 Trillion

PT Aneka Tambang Tbk (Antam) purchased nine tons of gold from PT Freeport Indonesia between January and August 2026. The purchase is part of Antam’s efforts to strengthen domestic gold supply amid the gold business’s significant contribution to the company’s revenue.

Antam President Director Untung Budiharto said the purchase of gold from Freeport was part of the company’s efforts to reduce its reliance on overseas supplies while increasing the utilization of domestically mined resources.

“The realization of the purchase of nine tons of gold from PTFI between January and August 2026 demonstrates ANTAM’s commitment to continuing to increase the utilization of domestically sourced gold,” Untung said in a statement quoted by Antara on Saturday, September 26.

The gold came from Freeport’s precious metals refinery (PMR) facility in Gresik, East Java. The refined product has a purity level of 99.99%.

Antam and Freeport had previously entered into a gold sales and purchase agreement with a capacity of up to 30 tons per year. The agreement provides Antam with certainty of raw material supply while strengthening ties between the domestic gold mining and processing industries.

Domestic supply is becoming increasingly important given the significant contribution of the gold business to Antam’s revenue.

During the first half of 2026, Antam’s gold sales reached 18.08 tons, valued at IDR 50.39 trillion. The value grew 1% from IDR 49.68 trillion in the same period a year earlier.

The gold business contributed around 80% of Antam’s total net sales, which reached IDR 62.71 trillion in the first half of 2026.

Meanwhile, gold production from Antam’s own mines stood at 433 kilograms during the same period.

To strengthen its supply, Antam is not relying solely on Freeport. The company has also established partnerships with several national gold producers, including PT Amman Mineral Nusa Tenggara, Merdeka Group, PT Citra Palu Minerals, and PT Agincourt Resources.

Other partners include PT Sumbawa Jutaraya, PT J Resources Bolaang Mongondow, and PT Indo Muro Kencana.

Through partnerships with various producers, Antam is seeking to build a more diversified and sustainable domestic gold supply. The move also supports the development of the national bullion or gold bar business ecosystem.

“ANTAM continues to strengthen its integrated gold business, from raw material procurement, processing and refining, and manufacturing to marketing to the public,” Untung said.

He said growing national demand for gold needs to be supported by a strong domestic supply. Therefore, Antam plans to continue increasing gold purchases from domestic producers so that Indonesia’s mined resources generate greater added value domestically.

Source: https://voi.id/amp/595772/antam-serap-9-ton-emas-freeport-penjualan-emas-tembus-rp50-39-triliun

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