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ANTAM Welcomes the Publication of the Finance Minister Regulation No. 122/pmk.08/2016 on Gold Investment

09/01/2016
News Releases

Jakarta, September 1, 2016 - PT ANTAM (Persero) Tbk (IDX: ANTM; ASX: ATM; ANTAM) announces that the Company welcomes the publication of the Finance Minister Regulation (PMK) No. 122/PMK.08/2016 on Investment of Repatriated Funds related to Tax Amnesty in Non-Financial Market. PMK No. 122 outlines the allowable investment forms for the non financial market, including investment in gold bars/bullion with 99.99% purity, produced in Indonesia and accredited and certified by Indonesia National Standard and/or London Bullion Market Association (LBMA). Under the PMK, ANTAM’s gold bar falls into one of allowable investment forms. Currently ANTAM is the sole gold producer in Indonesia with LBMA gold certification.

ANTAM’s Finance Director, Dimas Wikan Pramudhito said, 
" ANTAM’s Precious Metal Processing and Refinery Business Unit (UBPP LM) is the sole gold processing and refinery unit in Indonesia with LBMA certification. The certification ensures the 99.99% purity of ANTAM’s gold with an international standard. Inline with the increasing trend of gold price and the exchange rate volatility, investment in gold is very attractive. "

In addition to gold sales, ANTAM’s UBPP LM also offers precious metal depository services, known as BRANKAS. UBPP LM offers three personalised BRANKAS services: Corporate BRANKAS, Zakat BRANKAS and Individual BRANKAS. Through BRANKAS, ANTAM provides a comfort and secure gold investment service. Further information on BRANKAS can be found in www.brankaslm.com. ANTAM’s gold sales and BRANKAS depository service are available in 13 ANTAM’s Gold Boutiques located in various major cities in Indonesia.

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