Freeport Indonesia to Boost Gold Supply to Antam to 26 Tons in 2026

Increased Supply Agreement

PT Freeport Indonesia (PTFI) has announced plans to supply 26 tons of gold to PT Aneka Tambang Tbk (ANTM), commonly known as Antam, in 2026. This represents a significant increase from the 10 tons supplied this year, as part of their existing agreement that was initially set at 30 tons per year in February 2025. According to Tony Wenas, President Director of Freeport Indonesia, the company is expected to produce 26 tons of gold in 2026, with the entire production earmarked for Antam.

Production and Supply Details

The agreement between Freeport Indonesia and Antam demonstrates a strategic partnership in Indonesia's mining sector. The decision was revealed by Tony Wenas during a statement at ICE BSD in Tangerang, Banten, on November 26, 2025. The increased supply reflects both companies' commitment to optimizing their production and supply chain capabilities.

Market Implications

This development is significant for Indonesia's mining industry as it highlights the ongoing collaboration between major players. The increased supply to Antam will likely have implications for the company's refining and distribution operations. As a state-owned enterprise, Antam's increased gold reserves could also impact the broader Indonesian economy and precious metals market.