PT ABRG Indonesia is a majority owned subsidiary of PTAI Limited, a Hong Kong company established by the management of PT ABRG Indonesia to provide greater financing flexibility to the Indonesian operating company.
Through the establishment of PTAI Limited, PT ABRG Indonesia aims to enable stronger financial returns to shareholders in a tax efficient and internationally recognized jurisdiction employing global financial standards. The group structure of PTAI Group was approved by the Indonesian government Ministry of Law and Human Rights, the Kementerian Hukum dan Hak Asasi Manusia, on 2 August 2016, and by the Indonesian government foreign direct investment agency, the Badan Koordinasi Penanaman Model on 3 November 2016.
PT ABRG Indonesia
The identification, extraction, refining, packaging, and marketing of precious metals is one of the oldest businesses in the World.
In todays marketplace precious metals is a highly sophisticated and tightly controlled business sector encompassing governments, major corporations, financiers, refiners, marketers, logistics companies, and end users.
PT ABRG Indonesia (ABRG) was established to fill a void in the Indonesian marketplace where the gap between traditional miners and large scale mining and refining corporations exists.
ABRG is the amalgamation of three group activities: small to medium sized precious metals mining, smelting, and refining, brought together in one company operating through a network established in 115 countries.
PT ABRG Indonesia is the first private company in Indonesia to be granted authorization to build, own, and operate a precious metals refinery in Indonesia under the New Mining Law of 2009-2014.