AMMN – To develop or exploit Cebakan Elang

AMMN – To develop or exploit Cebakan Elang Amman Mineral International (AMMN) targets to develop or exploit Cebakan Elang, which will start in 2027 as to replace Batu Hijau' mine due to its mining' permit expiration. AMMN expects its mining activities in Cebakan Elang will start from 2031 to 2046. AMMN has also identified other potential copper and gold mines in its subsidiary' or Amman Mineral Nusa Tenggara' (AMNT) IUPK area. Thus far, AMMN has explored IUPK Block I, II and III in Sumbawa within October 2023-December 2023, that costed around IDR97.93 bn. AMMN also plans to continue its exploration drilling of 12 rigs in 1Q24. (Source : Bisnis Indonesia)