Mar. 9, 2018 - State-owned diversified miner PT Aneka Tambang (Antam) plans to significantly increase its production and sales of nickel ore and bauxite in 2018, benefiting from the government’s policy to relax the mineral ore export ban that started early last year.
Antam aims to produce 11.25 million wet metric tons (wmt) and sell 9.3 million wmt of nickel ore in 2018, up 101 percent and 228 percent, respectively, compared to last year.
Moreover, Antam’s bauxite production and sales targets both stand at 1.6 million wmt for 2018. This, if realized, will pave the way for the company to record a 126 percent annual increase in production and 90 percent increase in sales.
“In 2018, Antam targets significant operational performance growth in the company’s main commodities’ production and sales compared to unaudited operational performance in 2017,” Antam president director Arie Prabowo Ariotedjo said in a statement on Wednesday.
Antam obtained in April 2017 a one-year permit to export 2.7 million wmt of low-grade nickel ore with content below 1.7 percent, and 850,000 wmt of washed bauxite. Then, the company secured another one-year permit last October for the export of 1.2 million wmt of low-grade nickel ore.
Meanwhile, Antam has also set a target to produce 2,201 kilograms of gold and sell another 24,000 kilograms in 2018, up 11 percent and 81 percent, respectively.
Last year, Antam’s revenue surged by 38 percent year-on-year to Rp 12.55 trillion (US$921.1 million), 58.7 percent of which came from its gold sales.