Commissioner Of Antam Arif Baharudin Sold All Shares, Earned Almost IDR 4 Billion

Commissioner of Antam, Arif Baharudin. (Photo: Doc. Antara)

JAKARTA - Arif Baharudin managed to raise funds of up to IDR 3.96 billion from the total sale of all of his shares in PT Aneka Tambang Tbk (ANTM). The Antam commissioner announced the sale of all shareholdings in the State-owned enterprises (BUMN) last week.

Quoted from the disclosure of information on the Indonesia Stock Exchange (IDX), Monday, February 15, Arif Baharudin reported that he sold 1.390.000 shares of his ANTM on February 10, 2021, or the equivalent of 0.0058 percent of his share ownership.

Arif sold the shares for IDR 2.850. As a result, he received IDR 3.96 billion from the total sale of ANTM's shares.

After the transaction, Arif no longer owns shares in the state-owned mineral mining company.

"The transaction date is on February 10, 2021, for trading purposes. The status of direct share ownership", said Arif.

Previously, Arif Baharudin also reported that he purchased 400.000 ANTM shares at a price of IDR 2.500. Total transactions from these actions reached IDR 1 billion.

For information, today ANTM shares rose 1.05 percent to a level of IDR 2.900 at the end of trading. Antam's shares were the most actively traded today with a volume of 361.6 million shares with a transaction value of IDR 1.1 trillion.

The ambitious Antam

As a company that produces nickel, Antam seems to have suffered a windfall from a megaproject of electric vehicle batteries in the country. Moreover, Antam is also one of four BUMNs that are members of the electric battery holding or Indonesia Battery Holding (IBH).

The situation at Antam's nickel mine. (Photo: Doc. Various Mining)

The holding is a combination of MIND ID, PT Pertamina, PT PLN, and PT Aneka Tambang. Seeing this huge potential, Antam is also aiming for a number of ambitious targets this year, especially nickel.

Production and sales of the nickel commodity are set to grow by more than 50 percent in 2021. Based on the company's report, nickel ore production volume in 2020 (unaudited) reached 4.76 million wet metric tons (wmt).

Meanwhile, this year, Antam has set a nickel ore production volume at 8.44 million wmt. The volume is up 77 percent compared to last year's achievement.

SVP Corporate Secretary Aneka Tambang Kunto Hendrapawoko said the increase in nickel ore production will be used as raw material for the company's ferronickel factory and support sales to domestic customers.

In addition, Antam also targets nickel ore sales in 2021 to increase by 104 percent to 6.71 million wmt. In 2020, ANTM's unaudited nickel ore sales only reached 3.3 million wmt.

"The increase in the sales target is also in line with the outlook for the growth of the nickel processing industry in the country", Kunto said, quoted from his official statement.

Meanwhile, the target volume for ferronickel production and sales in 2021 is relatively stable, namely, amounting to 26.000 tons of nickel in ferronickel (TNi). The target is not much different from the 2020 achievement, namely unaudited production of 25.970 TNi and unaudited sales of 26.163 TNi.

Kunto explained that the target was adjusted to the steps to optimize the production of the company's ferronickel factory in Pomalaa, Southeast Sulawesi.