PT Amman Mineral Internasional Tbk. (IDX: AMMN) has released its financial and operational results for the first half of 2025. The company, through its subsidiaries PT Amman Mineral Nusa Tenggara and PT Amman Mineral Industri, has become a fully integrated mining-to-smelting business and is now Indonesia’s second largest producer of copper and gold.
According to the company, “During the first half of 2025, our copper smelter produced 19,805 tonnes (equivalent to 44 million pounds) of copper cathodes. Production of copper cathodes increased significantly, surging from 635 tonnes in Q1 to 19,170 tonnes in Q2, as smelter operations improved following the initial commissioning phase. Production volumes are expected to continue to rise in line with ongoing smelter improvements. In mid-July, we reached another significant milestones with the successful production of the first refined gold from our PMR.”
The increase in copper cathode output between quarters was attributed to better performance at the company’s new smelting facility after its initial commissioning period. Company representatives indicated that further increases in production are anticipated as upgrades and improvements continue.
