Antam to Hold Extraordinary GMS to Restructure Management

Key Agenda for Upcoming RUPSLB

PT Aneka Tambang Tbk (ANTM), a state-owned mining company, is scheduled to hold an Extraordinary General Meeting of Shareholders (RUPSLB) on December 15, 2025, at Hotel Borobudur in Jakarta. The meeting will address three critical items: amendments to the company's Articles of Association, granting authority to the Board of Commissioners to approve the 2026 Work Plan and Budget (RKAP) and the Long-Term Corporate Plan (RJPP) for 2026-2030, and most notably, changes to the company's management structure.

Management Reshuffle and Regulatory Compliance

The planned restructuring of Antam's management is in accordance with a letter from the State-Owned Enterprises Governance Body (BP BUMN) regarding the adjustment of the company's leadership. This move is supported by Article 4C paragraph (3) of the State-Owned Enterprises Law, which mandates that the government, as the holder of the Series A Dwiwarna shares, has the privilege of approving the appointment of members of the Board of Directors and Board of Commissioners with the President's approval.

Implications for Corporate Governance

The upcoming changes in Antam's leadership are significant as they reflect both corporate governance practices and compliance with regulatory requirements for state-owned enterprises. The authorization of the Board of Commissioners to approve future business plans indicates a shift in corporate governance dynamics, potentially allowing for more agile decision-making processes while maintaining state oversight.