Freeport to Supply 10 Tons of Gold to Antam by End of 2025

Cooperation Agreement Update

Freeport Indonesia's President Director, Tony Wenas, announced that the company will supply 10 tons of gold to PT Aneka Tambang Tbk (Antam) by the end of 2025. This announcement was made during a hearing with Commission VI on November 24, 2025. The supply agreement is part of the cooperation between Freeport and Antam that began in February 2025.

Initial Agreement Details

Initially, Freeport was targeted to supply 30 tons of gold per year for a duration of 5 years. The total value of this agreement is estimated at US$12.5 billion, equivalent to approximately Rp200 trillion. This significant supply deal underscores the strategic partnership between Freeport and Antam in the Indonesian mining sector.

Implications for Indonesian Mining Sector

This agreement highlights the ongoing collaboration between major players in Indonesia's mining industry. The reduction from the initial 30 tons annual target to 10 tons by end-2025 indicates potential adjustments in production or market conditions. The deal remains significant for Antam's gold reserves and Freeport's operational commitments in Indonesia.