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Amman Mineral to lay off 20% Indonesian workforce amid falling production

Indonesia's PT Amman Mineral Internasional subsidiary PT Amman Mineral Nusa Tenggara is considering to reduce its workforce by up to 20%, or 700 employees, amid falling production at its Batu Hijau copper mine in Indonesia due to delay in the development of the mine, Reuters reported June 7, citing the company CEO Rachmat Makkasau and mining ministry official Bambang Gatot.

The company has informed the government that it seeking voluntary resignations from 500 to 700 employees. Amman's labor union secretary general, Petrus Mehdi confirmed that the company was offering benefits to those volunteering to leave.

The voluntary resignation offer expires at the end of July.

Makkasau said the company is undertaking a study into building a copper smelter with a capacity to process 2 million tonnes of copper concentrate. He also denied media reports that the company was in talks with Freeport-McMoRan Inc.'s Indonesian unit to jointly build a smelter but said the company is open to the possibility of a partnership.

Amman is a unit of Medco Energi Internasional, which acquired the Batu Hijau copper mine from Newmont Mining Corp. in 2016.