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Amman Mineral, a miner backed by billionaires Anthoni Salim and Agus Projosasmito, plans to boost its capital expenditure this year by 31.5% to $2 billion.
According to the United States Geological Survey (USGS), global copper reserves were 1 billion tons in 2023. Countries rich in copper resources mainly include Chile (190 million tons), Australia (100 million tons), Peru (120 million tons), and Russia (80 million tons), Mexico (53 million tons) and the United States (50 million tons), etc. In terms of output, global copper output from ore in 2023 was 22 million tons. The main copper-producing countries were Chile (5 million tons), Peru (2.6 million tons), China (1.7 million tons), and the United States (1.1 million tons).
Indonesian copper miner PT
Amman Mineral Internasional is targeting production of
833,000 dry metric tons of copper concentrate in 2024, the
company said on Wednesday, an increase about 54% from.