JAKARTA (TheInsiderStories) – Indonesian miner, PT Amman Mineral Nusa Tenggara open for a strategic partner to build a copper smelter in West Sumbawa, West Nusa Tenggara, said the president director Rachmat Makkasau today. Earlier, senior minister, Luhut Binsar Panjaitan, advised the miner to seek partners on the copper smelter project.
Indonesian government hope the smelter owned by the subsidiary of PT Medco Energi Internasional Tbk (IDX: MEDC), to be be completed by the end of 2022. The new smelter will have a capacity 1 million tones per year and has available rising to around 2 million tons per year in the future. Amman Mineral has changed the form of permit from contract of work to a special mining business license in 2019.
Based on the government regulation the miner must build smelter after get the new permit. It said, the concentrates for the smelter will supply from Batu Hijau mine as well as potential supply from the Elang mine–currently in the exploration stage–and other sources.
Amman Mineral itself is committed to completing the construction of the smelter within five years period. The exploration activities at the 2,000 hectares land owned by Batu Hijau and Elang block. While Rinti Block in the form of 500 hectares land and drilling site around 2,500 meters.
In addition, the overburden removal activity will be carried out entirely in phase 7, with a capacity planned of 206.16 million tones and ore mining 630,000 tones. In accordance Mineral Law Number 3 of 2020, the enforcement of exports of certain unrefined metal mineral products is given since 2020 until 2023.
Beside Batu Hijau mines, Amman Mineral has several other promising prospects in the copper and gold concession area also located in West Sumbawa. The company, formerly known as Newmont Nusa Tenggara, started production and operations in 2,000, and has produced around 3.6 million tones of copper and 8 million ounces of gold, with a mining life followed by long-term stockpile processing.
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