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DPR Cecar about Singapore Cap gold, boss Antam clarified

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Jakarta, shesocial Indonesia

DPR
RI Holds PT Aneka Tambang (Persero) Tbk (
Antam
) related to problems
gold
Singapore stamp or stamp.
Deputy Chairman of the House of Representatives Commission VI Andre Rosiade questioned the allegation to the President Director Antam Achmad Ardianto.He asked Antam’s explanation regarding the gold problem with the Lion State Stamp.
Achmad denied the accusation, but acknowledged that the gold purification capacity of his company was limited.Meanwhile, the demand for gold in the community is far greater.
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“Thank God, thank God, the community has increased its awareness, so that our need to sell to the community continues to increase. Last year (2024) we sold (gold) 37 tons, this year we are targeting 45 tons,” Achmad explained in a hearing (RDP) at the House of Representatives Commission VI, Central Jakarta, Monday (29/9).
“The problem is Antam’s mine which is currently in Pongkor, it is only 1 ton of production.he continued.
There are at least 3 ways to patch the amount of gold needs from the community.
First
, Antam bought back the gold owned by the Indonesian people.Action
Buyback
That makes Antam able to rearrange the latest version of gold.Although, the amount that can be obtained from this source is only 2.5 tons per year.
Second,
Achmad said that his party bought from mining companies in Indonesia that purified their gold in Antam.This effort was apparently not fully running smoothly.
Achmad alluded to there was no regulation that required the mining companies to sell their gold to Antam.Therefore, there is an option for these miners to export.
“Because it is like that, of course there is a bargaining, there are also tax elements that make mining companies more flexible for them to export than sell to Antam. If they sell gold to Antam, they ask their companies to also be bought at all. With this bundling, there is tax too, 13 percent VAT, so that it is heavy for them and Antam,” he said.
Antam finally chose the third option, which is importing gold from abroad.Achmad acknowledged that the gold purchased from Singapore to Australia had 30 tons per year.
The import was carried out from all companies or institutions affiliated with London Bullion Market Association (LBMA).
“We are not just imported. There are 3, bullion banks, refinery, or traders. This is as if we export gold, even though Antam has never exported gold. We buy from bullion, refinery, traders in Singapore or Australia at market prices. Why imports?
In fact, Achmad said the potential of gold production from all mines in Indonesia currently touched 90 tons per year.That includes the gold source mined by PT Freeport Indonesia (PTFI), where the potential translates to 50 tons a year.
Antam can absorb Freeport’s gold in 2025 because it was only this year being processed in Indonesia.Achmad said that there had been cooperation between Antam and Freeport to absorb 25 tons-30 tons of gold.
However, the possibility that can be absorbed until the end of 2025 is only 9 tons.
[Gambas: shesocial video]
(SKT/SFR)

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