PRESS RELEASE




Progress on Copper Smelter Development of PT AMIN


Mataram, December, 28, 2017 - The construction plan of copper smelter facility of PT Amman Mineral Industri (PTAMIN), an affiliated company of PT Amman Mineral Nusa Tenggara (PTAMNT), will soon be realized upon completion of the review on ANDAL (Environmental Impact Analysis) and RKL/RPL (Environmental Management Plan/Environmental Monitoring Plan) documents carried out by the AMDAL Review Commission of NTB (KPA NTB).

The review and assessment of related documents was conducted in a joint meeting of technical team and KPA NTB, relevant stakeholders and local community around the project site. The assessment aims at ensuring the review of environmental and social impacts is performed comprehensively to comply with prevailing regulations and all documents fulfill the requirements as set forth under applicable laws.

“Upon the completion of ANDAL, RKL/RPL assessment, we will provide KPA NTB with the required responses and/or follow up actions,” said Imron Gazali, Proxy of the Director of PTAMIN.

“It is expected that once the process is completed, KPA NTB will issue environmental permit to enable PTAMIN commences the construction work,” he added.

PTAMIN expects the construction of copper smelter and its supporting facilities located at Mantun and Benete villages of Maluk sub-district may be completed as planned by end of 2021.***

*****

On PT Amman Mineral Nusa Tenggara

Amman Mineral Nusa Tenggara ("Amman Mineral") is an Indonesian mining company that operates the Batu Hijau mine. Amman Mineral has several other promising prospects in the copper and gold concession area located in West Sumbawa Regency, West Nusa Tenggara Province. The Batu Hijau mine is the second largest copper and gold mine in Indonesia and is a world-class asset.

The shareholders of PT Amman Mineral Nusa Tenggara are PT Amman Mineral International (82.2%) and PT Pukuafu Indah (17.8%). PT Amman Mineral Internasional is an Indonesian company whose shareholders consist of PT AP Investment (50%) and PT Medco Energi Internasional Tbk (50%)

*****