PT Aneka Tambang Tbk stock (ID1000136203): Gold price surges to IDR 2,859,000 per gram

PT Aneka Tambang Tbk's gold bullion price rose IDR 40,000 to IDR 2,859,000 per gram on May 12, 2026, amid record demand signaling expansion needs for the Indonesian miner.

PT Aneka Tambang Tbk, known as Antam, saw its gold bullion price climb IDR 40,000 to IDR 2,859,000 per gram on Tuesday, May 12, 2026, at its Logam Mulia boutique in Jakarta, according to CNBC Indonesia as of 05/12/2026. This follows a IDR 20,000 increase to IDR 2,819,000 on May 11, per IDNFinancials as of 05/11/2026. The uptrend reflects surging gold demand in Indonesia, with Antam expanding production capacity as a key state-owned miner.

As of: 12.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: PT Aneka Tambang (Persero) Tbk
• Sector/industry: Mining and precious metals
• Headquarters/country: Indonesia
• Core markets: Indonesia, Asia
• Key revenue drivers: Gold, nickel, bauxite
• Home exchange/listing venue: Indonesia Stock Exchange (ANTM)
• Trading currency: IDR

PT Aneka Tambang Tbk: core business model

PT Aneka Tambang Tbk operates as a diversified state-owned mining company in Indonesia, focusing on gold, nickel, bauxite, and precious metals refining. Established in 1968, Antam engages in exploration, mining, processing, and marketing of these commodities, with gold bullion under the Logam Mulia brand being a flagship product sold through official boutiques.

The company's integrated model spans upstream mining to downstream refining, serving domestic and export markets. As a subsidiary of mining holding MIND ID, Antam benefits from government backing while navigating Indonesia's resource nationalism policies.

Main revenue and product drivers for PT Aneka Tambang Tbk

Gold remains Antam's primary revenue driver, with Logam Mulia bars commanding premium pricing due to trusted purity and brand recognition in Indonesia. Recent price hikes to IDR 2,859,000 per gram underscore strong local demand amid global gold rallies.

Nickel and bauxite operations contribute significantly, supporting Indonesia's EV battery and aluminum supply chains. Record gold demand is prompting production expansions, as noted by RRI as of recent report.

Industry trends and competitive position

Indonesia's mining sector faces royalty policy uncertainties, but diversified players like Antam are seen as resilient, per IndoPremier analysis. Rising gold prices globally boost refiners, positioning Antam favorably in Southeast Asia.

Why PT Aneka Tambang Tbk matters for US investors

Antam's exposure to gold and nickel ties it to US-traded commodities, offering indirect play on EV and precious metals demand. Listed on the Indonesia Stock Exchange (ANTM), it provides US investors diversification into Indonesia's resource-rich economy via ADRs or global funds.

Conclusion

PT Aneka Tambang Tbk's gold price surge to IDR 2,859,000 per gram highlights robust demand and operational momentum in Indonesia's mining sector. With expansions underway and commodity tailwinds, the company maintains a key role in precious metals. US investors may track its performance amid global gold trends and nickel's EV relevance.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.