ANTAM Teams Up with Merdeka Group to Strengthen National Gold Sovereignty from Mine to Market

Jakarta — VIVA: PT Aneka Tambang Tbk (ANTAM) has entered into a strategic collaboration via a Gold Sales & Purchase Agreement (GSPA) with PT Bumi Suksesindo (BSI) and PT Puncak Emas Tani Sejahtera (PETS), members of the Merdeka Group holding. The collaboration aims to reinforce commitment to safeguarding national gold sovereignty through the signing. It is a strategic step to ensure the continuity of supply of domestically used gold industry raw materials while strengthening the end-to-end domestic supply chain integration from upstream to downstream. The agreement lasts two years with a transaction volume of 6 million tonnes of gold per year, with ANTAM acting as the buyer and BSI and PETS as the sellers. ANTAM Commercial Director Handi Sutanto emphasised that the collaboration rests on broader interests, namely safeguarding national gold sovereignty. “For ANTAM, gold is not merely a commodity, but part of the nation’s sovereignty. ANTAM’s role is connecting mines to market, linking Indonesia’s mining outputs to become the refined gold owned by the people,” Handi said in a statement on Wednesday, 4 March 2026. He added that through this agreement ANTAM strengthens its vision of gold sourced from Indonesian mines, refined at the only oldest LBMA-certified refinery in Indonesia, and then presented back to the nation as gold that is tested and inherited across generations. Previously, ANTAM and BSI already had a refining services agreement, whereby dore from mines is refined at ANTAM’s refining facilities. The refining output in the form of gold and silver is then processed into gold granules with a purity of 99.99%. Under GSPA, domestic refined gold granule transactions will be conducted more systematically, reinforcing the upstream-to-downstream domestic supply chain integration. Handi emphasised that supply certainty from accountable sources is a crucial foundation for maintaining ANTAM’s gold brand strength amid market dynamics. “Stable supply from clear and responsible sources strengthens ANTAM gold’s position as an LBMA-certified product meeting international standards, including governance and sustainability aspects. We want ANTAM’s gold to be ethical, safe, and trusted by the public,” he said.