PT Amman Mineral Internasional, a leading Indonesian copper and gold producer, has selected banks to manage a Hong Kong listing that could raise at least $1 billion. The company, already listed in Jakarta, is working with Citic Securities Co. and Morgan Stanley on an offering that may occur as early as next year. This move marks a significant expansion for the mining giant beyond its domestic market.

The decision to pursue a Hong Kong listing highlights the city's enduring appeal as a capital-raising hub for Southeast Asian resources firms despite regional market fluctuations. Industry analysts suggest the timing aligns with favorable commodity cycles and growing investor interest in critical minerals. The transaction, if completed, would represent one of the largest Indonesian mining IPOs in recent years, potentially setting a precedent for other major producers seeking international exposure.