It is understood that Amman Mining (PT Amman Mineral Internasional), which owns Indonesia's second-largest copper and gold mine, is considering an initial public offering in the Indonesian capital Jakarta, which could raise up to $1 billion.。

People familiar with the matter said that Amman Mining is currently working with financial advisers to prepare for the listing, and is expected to go public as soon as the first half of this year.。People familiar with the matter also said that deliberations are ongoing, so details, including the size and timing of the IPO, may change.。In addition, the representative of Amman Mining said in response to media inquiries that the company's management is constantly evaluating various growth opportunities and options and will decide on the best option when the conditions and time are ripe.。

Amman Mining's initial public offering (IPO) is worth $1 billion, according to data compiled by the media, and is likely to be Indonesia's largest IPO since Mitratel raised $1.3 billion in November 2021.。

Indonesia has been the most active IPO market in Southeast Asia this year, with a total of about 6.$5.6 billion deal。Thailand is the second busiest market in the region, with first-time shares raising 2.$1.6 billion。

Moreover, Indonesia may still be the IPO market for large listings next。PT Pertamina Geothermal Energy, which plans to go public on Friday, raised 9 in its first share sale..06 trillion rupees (5.$9.6 billion)。PT Nusantara Sejahtera Raya, the operator of Cinema XXI, Indonesia's largest cinema chain, is also currently considering an IPO or will raise $1.1 billion, according to media reports.。

According to Amman Minerals' website, the company has a total of 25,000 hectares of concession area with 17.5 billion pounds of copper and 23.9 million ounces of gold reserves.。The company's Batu Hijau mine on Sumbawa Island has produced 87 since it began operations in 2000..800 million pounds of copper and 8.7 million ounces of gold。