Amman Mineral Internasional set to $1.5 billion loan?

Strategic investment

Bloomberg has informed that PT Amman Mineral Internasional(AMNT) is set to make a significant leap in its mining operations by pursuing a $1.5 billion loan. The loan would be tailored to the strategic expansion of the Batu Hijau mine, Indonesia’s second-largest copper and gold mine. According to Bloomberg, the Company obtained many commitments including state-owned PT Bank Mandiri and PT Banl Negara Indonesia.

Batu Hijau Mine

The Batu Hijau mine is one of the world’s top five copper-equivalent contained reserves. The mine was acquired by Amman Mineral Internasional in 2016. Since the acquisition, the various actions focused on optimizing operations, enhancing productivity, and driving down costs of the company were implemented. Moreover, AMNT’s dedication to Environmental Social Governance (ESG) is also evident. The company in its continuous efforts to ensure responsible mining practices. This potential expansion not only signifies a substantial