Amman Mineral Internasional PT

Amman Mineral Internasional PT is a senior gold and copper producer headquartered in Jakarta, Indonesia, operating primarily in Asia. The company's portfolio consists of 2 projects, comprising 1 operating mine and 1 development project. Key assets include Batu Hijau and Elang. The organization's business model is centered on being a fully integrated, technology-driven operator with a reputation as one of the world's lowest-cost producers. A key competitive advantage stems from its production of high-quality, exceptionally clean concentrate, which is in high demand for its blending properties. The enterprise has developed comprehensive and advanced infrastructure assets for mineral processing, power generation, and multi-modal transportation to support its large-scale operations. Its marketing strategy focuses on maintaining a diversified sales portfolio across two segments: direct sales to smelters and distribution through global trading partners. This dual approach allows for market expansion and risk mitigation. The company is transitioning its product portfolio to include higher-value refined metals, leveraging its newly established downstream processing capabilities to capture more of the value chain. This integration from raw material extraction to final product refining is a core element of its operational philosophy and market positioning.

Strategic direction is guided by an ambitious digital transformation initiative, in partnership with Arpinine Intelligence, aimed at integrating data across the value chain to enhance real-time insights, risk anticipation, and operational agility. A core objective is the expansion of its integrated value chain, marked by the commissioning of new downstream processing facilities to transition from concentrate sales to higher-value refined metal production. This includes expanding processing plant input capacity to accommodate future growth. Capital allocation is focused on completing these large-scale expansion projects, including a new 450 MW power plant and associated LNG infrastructure, to ensure stable, uninterrupted power for all operations. The company refreshed its corporate vision, mission, and core values in 2024 to emphasize a culture of innovation, efficiency, and measured risk-taking, aligning its workforce with its evolution into a technology-driven resources company. The strategy also involves a disciplined approach to cost management and operational efficiency to maintain its position as a low-cost producer.

The governance structure is led by a 4-member Board of Commissioners, including 2 independent commissioners, and a 5-member Board of Directors. The Board of Commissioners is supported by an Audit Committee and a Nomination & Remuneration Committee. The Board of Directors is supported by an ESG Steering Committee and an Enterprise Risk Management Committee. Executive leadership is headed by President Director Alexander Ramlie, who has an extensive background in investment banking and the resources sector. The governance framework mandates regular oversight, including joint board meetings held at least once every 4 months. The company has implemented a formal self-assessment policy for both the Board of Directors and the Board of Commissioners to evaluate performance against defined duties and responsibilities, with the Nomination & Remuneration Committee providing evaluation criteria. A comprehensive Code of Business Ethics and Conduct is in place, with mandatory annual training and signed affirmations required from all employees and business partners to ensure consistent adherence to ethical standards.

The organization's commitment to responsible production was validated in 2024 with the achievement of The Copper Mark certification, an independent assurance framework for the industry. Decarbonization efforts are focused on transforming the energy mix for its operations, including the integration of a 26.8 MWp solar power facility and the construction of a new 450 MW gas-fired power plant with supporting LNG infrastructure. Community development programs are a key focus, with initiatives in early childhood education, health, ecotourism, and local enterprise development. The company has a formal Responsible Supply Chain Policy that governs the selection and management of vendors, incorporating screening, due diligence, and performance reviews against key HSEC requirements. A formal Whistleblowing System, known as the AMMAN Ethics Line, is managed by an independent third party, Deloitte, to ensure confidentiality and professionalism in handling reports of misconduct. The company also has a strict anti-corruption policy, supported by a gift registry system and annual gratuity reporting requirements.

The Group's ownership includes several major institutional shareholders, with PT Sumber Gemilang Persada, PT Medco Energi Internasional Tbk, and PT AP Investment holding significant equity stakes. The corporate structure includes several wholly-owned operating subsidiaries responsible for distinct business activities, including mining and processing (AMNT), industrial processing and downstream facilities (AMIN), and gas and power infrastructure (ANG). A key strategic alliance was formed in 2017 when the Group's subsidiaries acquired a significant stake in Macmahon Holdings Limited, a publicly listed Australian mining contractor. This transaction established a long-term, life-of-mine alliance-style contract for earthmoving and mining services, integrating a key supplier into its operational framework. The company has also established joint ventures, such as with PT Medcopower Solar Sumbawa (MPSS) for the operation of a solar power facility, to support its operational and sustainability objectives through strategic partnerships.