Indonesian mining company PT Amman Mineral Internasional has selected Citic Securities and Morgan Stanley to manage a secondary listing on the Hong Kong Stock Exchange. The firm aims to raise at least $1 billion through this offering, which could take place as early as 2027.
As of mid-2026, the company held a market capitalization of approximately $14 billion. Its stock performance saw a decline of 45% to 48% year-to-date by that time. The company operates the Batu Hijau mine and is currently developing the Elang project.
In July 2026, the company launched a new copper smelter with an annual processing capacity of 900 000 metric tons of concentrate. Major shareholders include PT Sumber Gemilang Persada with 32%, Medco Energi Internasional with 21%, and AP Investment with 15%.
The Hong Kong market has seen significant activity, with nearly $35 billion raised through listings year-to-date in 2026. Another Indonesian miner, PT Merdeka Gold Resources, completed a listing in June 2026, raising approximately $304 million.
