TEMPO.CO, Jakarta – PT Aneka Tambang (Persero) Tbk, or Antam, signed a gold sales and purchase agreement (GSPA) with two companies. This collaboration aims to ensure a continuous supply of raw materials for the domestic gold industry, with a transaction volume of 6 metric tons of gold per year.
"With this agreement, we strengthen Antam's gold vision as gold sourced from Indonesian mines. Refined in the only and oldest LBMA-certified refinery in Indonesia," said Antam Commercial Director Handi Sutanto, as quoted by Antara on Wednesday, March 4, 2026.
The agreements were signed by Antam with PT Bumi Suksesindo (BSI) and PT Puncak Emas Tani Sejahtera (PETS), members of the Merdeka Group holding company.
Each GSPA is valid for two years, with a transaction volume of 3 metric tons of gold per year. Under this arrangement, Antam acts as the buyer, while BSI and PETS act as sellers.
Handi stated that Antam acts as a liaison between miners and the market, connecting the results of Indonesian mines to become pure gold ready for the public to own. "(Gold) is presented to the nation as gold that can withstand the test of time and be passed down through generations," said Handi.
Through this GSPA, Handi continued, transactions of domestically refined granular gold are carried out in a structured manner, strengthening the integration of the domestic supply chain from upstream to downstream.
Handi added that ensuring supply from sources with accountable origins is an important foundation in maintaining the strength of the Antam gold brand. "We want Antam gold to be ethical, safe, and comfortable for the public to own. This aligns with the company's ESG commitment, which we continue to strengthen," he said.
He emphasized that as a national gold brand, Antam is not immune to public attention, including on social media. However, the company views this dynamic as part of the public's love for the national gold brand. "We ensure that the entire process is carried out in accordance with applicable governance standards and regulations," said Handi.
Meanwhile, Albert Saputro, President Director of PT Merdeka Copper Gold Tbk, stated that the collaboration with Antam is a strategic step to ensure optimal absorption of Merdeka gold production domestically, while simultaneously strengthening the integration of the national upstream-downstream supply chain.
"This GSPA provides certainty regarding production absorption, while also strengthening our contribution to the domestic gold industry," said Albert.
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