Antam's Gold Production Volumes in Pongkor and Cibaliung are targeted at 2,201 Kg

By : Abraham Sihombing And Aldo Bella Putra | Friday, March 09 2018 - 23:00 IWST

Emas Antam Motif Anjing
Emas Antam Motif Anjing - Jakarta - PT Aneka Tambang Tbk (ANTM), or Antam, targets gold production from Pongkor and Cibaliung gold mines at 2,201 kilogram (kg) in 2018. Meanwhile, this year's gold sales volume is targeted to reach 24,000 kg.

"Compared with the realization of unaudited 2017 gold sales volume of 13,202 kg, the company's gold sales volume is targeted to grow significantly by 81%," Arie Prabowo Ariotedjo, President Director of ANTM, said here on Friday (09/03/18).

Arie said that the sharp increase in gold production volume target is in line with expectations of increasing Antam's precious metals product market, both for domestic and export markets.

In addition to gold, Arie said, Antam's nickel production volume in 2018 is projected to reach 26,000 tons in ferronickel. That is 19% higher compared to unrealized production volume in 2017 of 21,762 tons.

"The increase in nickel production volume target is in line with the company's strategy to encourage the operational utilization of the ferronickel plant in Pomalaa gradually to reach its installed capacity of 27,000 tons," Arie said.

Arie also targets Antam's nickel ore production volume of 20.55 wet metric tons (wmt) in 2018. About 9.3 million wet metric tons (wmt) of nickel ore is targeted to be sold to domestic and export markets.

"The target is much higher at around 228% compared to the unaudited sales volume of nickel ore in 2017 of 2.83 wmt," Arie added.

Arie said the remaining 11.25 million wmt of nickel ore this year will be consumed as raw material for ferronickel production. (Abraham Sihombing)

News Comment

Today's Industry

PT Trisula Textile Industries Tbk ("BELL")

Senin, 27 Maret 2023 - 17:50 WIB

Local Textile Products Made by BELL Boost Income in 2022

PT Trisula Textile Industries Tbk ("BELL"), a textile manufacturer for clothing materials including uniforms, and quality fashion, supports the government's campaign to promote the purchase…

 PT Metrodata Electronics Tbk (“MTDL”)

Senin, 27 Maret 2023 - 16:38 WIB

Achieved the Highest Revenue in History, MTDL Booked IDR 21 trillion in 2022

PT Metrodata Electronics Tbk (“MTDL”), a Digital Information and Communication Technology (ICT) issuer, especially in the field of Digital Solutions and Consulting and Digital Distribution,…

President Jokowi accompanied by National Police Chief General Listyo Sigit Prabowo when receiving a visit from PP Pemuda Muhammadiyah representatives, Monday (27/03/2023), at the Merdeka Palace, Jakarta. (Photo: BPMI Setpres/Rusman)

Senin, 27 Maret 2023 - 15:25 WIB

President Jokowi Receives PP Pemuda Muhammadiyah Visit

Indonesian President Joko Widodo (Jokowi) received a visit from representatives of the Muhammadiyah Youth Central Executive (PP) on Monday (27/03/2023), at the Merdeka Palace, Jakarta. 

President Jokowi accompanied by Cabinet Secretary Pramono Anung chaired a meeting regarding the Availability of Staples and Preparation for the 1444 H Eid Mudik, (Photo: Public Relations of Setkab/Rahmat)

Senin, 27 Maret 2023 - 14:25 WIB

To Anticipate Traffic Congestion, the Government Will Implement Measurable Traffic Engineering

The Minister of Transportation (Menhub) Budi Karya Sumadi said that his ministry in collaboration with the Indonesian Police Traffic Corps (Korlantas) and Jasa Marga would implement a more measurable…

Coordinating Minister for the Economy Airlangga Hartarto. (Photo: BPMI Setpres)

Sabtu, 25 Maret 2023 - 20:00 WIB

The Government Maintains Availability and Price Stability of Staples Ahead of Eid

Indonesian President Joko Widodo (Jokowi) instructed his staff to take steps to prepare and anticipate the availability and price stability of basic commodities ahead of Eid al-Fitr.