Aneka Tambang (ASX:ATM) partnered with PT Freeport Indonesia to sell and purchase gold with a purity level of 99.99% and boost the domestic gold supply chain, according to a Monday filing with the Australian bourse.
Under the deal, PT Freeport Indonesia will supply raw materials, and Aneka Tambang will purchase 30 tons of gold per year to be processed into precious metal products, the filing said.
Financial terms were not disclosed.