JAKARTA – PT Aneka Tambang Tbk (ANTM) has officially responded to the government’s ambitious plan to adjust royalty rates for a range of mineral commodities. This significant regulatory shift, primarily affecting gold and nickel – key components of ANTM’s robust business portfolio – is set to be implemented through a revision of Government Regulation No. 19 of 2025.
Wisnu Danandi Haryanto, Head of Corporate Secretary Division at Aneka Tambang, underscored the company’s principled stance. He affirmed that ANTM deeply respects and unequivocally supports all government policies designed to strengthen governance within the mining sector and optimize state revenues derived from Indonesia’s abundant natural resources.
As a prominent and diversified mining company, ANTM is meticulously monitoring the progression of these regulatory changes. The company is actively assessing their potential implications for the national mineral industry, with particular focus on its gold and nickel operations. ANTM acknowledges that these proposed adjustments to royalty rates will naturally become a critical factor influencing the company’s operational cost structure and strategic business planning.
Despite these forthcoming changes, Antam maintains a strong sense of confidence in its current business foundation. “Antam believes that the company’s business fundamentals are currently quite strong,” stated Wisnu to Kontan on Sunday (May 10, 2026). He emphasized that this resilience is underpinned by ANTM’s integrated upstream-to-downstream business portfolio, extensive commodity diversification, robust operational efficiency, and a clear strategic emphasis on strengthening downstream processing and the creation of higher value-added minerals.
In anticipation of this evolving landscape, ANTM is diligently upholding its strict cost management discipline and continually striving for operational excellence. These efforts are crucial to ensuring the company remains highly competitive amidst dynamic industry shifts and policy realignments. ANTM expressed its hope that the impact of these new policies can be managed prudently and measurably, thereby preventing any significant disruption to the company’s ongoing business continuity.
As a proactive measure, ANTM is consistently evaluating its operational strategies, enhancing cost efficiency, optimizing production volumes, and further strengthening its downstream activities. These initiatives are designed to maximize the added value of domestic mineral products. Furthermore, ANTM is actively reinforcing its synergy with the national industrial ecosystem and maintaining exceptional business flexibility, allowing it to adapt swiftly to both regulatory changes and global market volatility.
Beyond these strategic adaptations, ANTM remains steadfastly focused on achieving its established operational targets and performance benchmarks. “Moving forward, the company will continue to make necessary strategic adjustments to maintain healthy, sustainable growth and provide optimal contributions to the state and all stakeholders,” Wisnu concluded, reiterating ANTM’s commitment to long-term success and national contribution.
Meanwhile, on Friday (May 8, 2026), ANTM’s share price saw a correction, declining by 6.44% to close at Rp 3,630 per share.
Summary
PT Aneka Tambang Tbk (ANTM) has expressed its support for the Indonesian government’s plan to adjust royalty rates for gold and nickel commodities under the revised Government Regulation No. 19 of 2025. The company is currently assessing the potential impact of these regulatory changes on its operational costs and strategic planning while maintaining its commitment to national governance and revenue optimization.
To navigate these shifts, ANTM is prioritizing operational efficiency, disciplined cost management, and the strengthening of its integrated upstream-to-downstream business model. By focusing on high value-added mineral processing and maintaining production flexibility, the company remains confident in its ability to sustain growth and adapt to evolving industry requirements.