The majority of PT Aneka Tambang Tbk\u2019s (ANTAM) revenue has so far\ncome from gold trading activities, not from the company\u2019s own gold\nmining output, according to Dony Oskaria, Head of BP BUMN and COO of\nDanantara.<\/p>\n
Dony made the remarks while discussing the transformation direction\nfor the mining, energy, and downstream processing sectors currently\nbeing pursued by Danantara together with state-owned enterprises under\nits umbrella.<\/p>\n
\u201cANTAM\u2019s business is mostly\u2014perhaps other colleagues are less\naware\u2014that ANTAM\u2019s majority revenue comes from trading, gold trading,\u201d\nDony said on CNBC Indonesia\u2019s Squawk Box on Monday (24\/8\/2026).<\/p>\n
He explained that the gold mines actually owned and operated by ANTAM\nare small in scale. Meanwhile, most of the company\u2019s revenue comes from\ngold buying and selling activities.<\/p>\n
\u201cWe are currently tidying this up as well\u2014how to make the gold\ntrading grow even larger, while at the same time the mining side of\nAneka Tambang also increases. So this is what we are doing, because\ntheir gold mines, ANTAM\u2019s gold mines, are actually very small,\u201d he\nexplained.<\/p>\n
Dony said Danantara is carrying out gradual improvements at ANTAM so\nthat the two business lines\u2014gold trading and multi-metal mining\u2014can grow\nin a balanced manner. These improvements are ultimately expected to\nboost ANTAM\u2019s dividend contribution to Danantara.<\/p>\n
\u201cWe are making improvements one by one. And the hope is that later\nMIND ID (Mining Industry Indonesia) will provide a fairly large dividend\ncontribution for us. This transformation is also underway,\u201d he said.<\/p>\n
The overhaul at ANTAM is part of a broader transformation being\ncarried out by Danantara in the mining and energy cluster, which also\nincludes a bauxite-to-alumina downstreaming project in Mempawah, battery\ndevelopment, a restructuring of Timah\u2019s business model, and the\ndevelopment of the Buton asphalt mine as an import substitute.<\/p>\n
\u201cA lot is being done at our mining companies under MIND ID. For\nexample, what we are currently doing is alumina\u2014the alumina project in\nMempawah. From bauxite to alumina, then from alumina to aluminium,\u201d Dony\nconcluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-boss-reveals-secrets-of-antams-gold-business-1787572300", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }