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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…