Jakarta, November 25, 2014 - PT ANTAM (Persero) Tbk (ASX - ATM; IDX - ANTM; ANTAM) is pleased to announce the launching of its precious metal depository services, BRANKAS (Planned and Safe Gold Management) through its Precious Metals Processing and Refinery Business Unit (UBPP LM) on November 25, 2014 at the Shangri-La Hotel Jakarta. The service was inaugurated by ANTAM's HR Director Hari Widjajanto.
Banking on ANTAM's status as a state owned enterprise in which 65% of its shares is owned by the Government of Indonesia, the BRANKAS service offers investors two layered security in gold investing. Firstly, ANTAM's gold bullions are internationally certified by the London Bullion Market Association, and secondly the BRANKAS service also provides insurance protection and 24/7 services access through ANTAM's LM Gold Boutique network.
ANTAM's HR Director Hari Widjajanto stated,
"The launching of BRANKAS complements ANTAM gold business which comprises of gold mining at the Pongkor mine, West Java and the Cibaliung mine, Banten; precious metals processing and refining services at Southeast Asia's only Gold Delivery List of Acceptable Refiners of Gold Bars of the London Bullion Market Association certified facility at UBPP LM; marketing and depository. Our overall gold-related business activity is geared to provide secure gold investment for the public."
The public can start enjoying BRANKAS services by visiting any LM Gold Boutiques located in nine major cities in Indonesia.
The launch of BRANKAS services is part of ANTAM's strategy to expand its retail gold business as well as to anticipate the government's raw material export ban policy. ANTAM has also opened 10 LM Gold Boutiques in Jakarta, Bandung, Semarang, Makassar, Surabaya, Palembang, Banjarmasin, Balikpapan and Medan as part of the retail expansion strategy.
