Amman Mineral Profit Share Plummets, NTB Receives Only US$ 3.3 Million

The realisation of the Revenue Sharing Fund from the net profit of PT Amman Mineral Nusa Tenggara for the West Nusa Tenggara Provincial Government has fallen far short of the target. The region received only tens of billions of rupiah from an initial estimate that reached hundreds of billions of rupiah. Secretary of the West Nusa Tenggara Regional Revenue Agency, Muhammad Zuhudy Kadran, revealed that the revenue sharing received by the provincial government from PT AMNT’s net profit amounted to only US$ 3.3 million. When converted to rupiah, the figure is approximately Rp 59 billion, depending on the exchange rate at the time of disbursement. “We [West Nusa Tenggara Provincial Government] receive a 1.5 per cent share, approximately 3.3 million US dollars. This is the 2025 revenue sharing fund claimed in 2026,” Zuhudy said on Thursday. Zuhudy acknowledged that this year’s revenue sharing fund from PT Amman had dropped sharply compared to expectations of Rp 111 billion. Indeed, he said, the provincial government had set a revenue target from PT AMNT’s revenue sharing fund of over Rp 111 billion in the 2026 regional budget. “We targeted over Rp 111 billion in the original 2026 budget, but the realisation was only tens of billions,” he added. According to him, the decline in revenue from the revenue sharing fund with PT Amman was caused by a drop in production performance and the export volume of concentrate from the mining company. In addition to mining operational factors, the collapse in the revenue sharing fund was also triggered by a new regulation based on the latest Circular Letter from the Ministry of Energy and Mineral Resources. Zuhudy explained that the circular stipulates that the basis for calculating the revenue sharing fund is taken solely from the net profit of the company holding the Special Mining Business Licence. During the initial simulation, the West Nusa Tenggara Provincial Government had included profits from several subsidiaries under the AMNT group. However, the plan fell through after the reconciliation process. “When the initial reconciliation took place, we included the profits of subsidiaries in the calculation. After reconciling with PT Amman, it turned out that subsidiary profits could not be included in the revenue sharing fund. So the value dropped,” he revealed. Regarding the disbursement process, the West Nusa Tenggara Regional Revenue Agency has given a deadline of 14 days after the reconciliation process is completed. Because the billing uses US dollar denominations, the rupiah amount entering the regional treasury will follow the exchange rate movement on the day of payment. “Tomorrow we will send a letter to request billing from PT Amman. Hopefully, it can be disbursed next week,” Zuhudy stated. On the other hand, Zuhudy noted that the mining sector’s contribution to West Nusa Tenggara’s total own-source revenue is not as large as the public imagines. To date, the province’s revenue structure remains dependent on the centre. Transfer funds from the central government dominate at 54 per cent. The remaining 46 per cent is supported by own-source revenue. “Mining only contributes about 2.5 per cent of the total own-source revenue. So it is not like the assumption that mining is the largest contributor to revenue in West Nusa Tenggara,” he concluded.