Want To Spin-Off Two Subsidiaries, Antam Targets Additional Income

JAKARTA - PT Aneka Tambang or Antam is optimistic that the spin-off activities of the company's subsidiaries PT Nusa Karya Arindo (NKA) and PT Sumberdaya Arindo (SDA) can become a potential source of income for Antam in the future. Antam's Director of Human Resources Basar Simanjuntak said This year's sales target will not change or remain in accordance with the initial Company Work Plan and Budget (RKAP) determined by the company. will come," he said at the Extraordinary General Meeting of Shareholders (EGMS) followed by Antara, Tuesday, August 23. In the EGMS, Antam's shareholders approved the spin-off of some of the company's nickel mining business segments, including the transfer of part of the business license area. mining company located in East Halmahera, North Maluku to PT NKA and PT SDA. PT SDA and n PT NKA is a controlled subsidiary that is owned directly or indirectly 100 percent by Antam with a business segment in the mining sector. The shareholders approved the transfer of Antam's assets in the form of company-owned shares in PT NKA and PT SDA. Antam will maintain majority ownership in the two subsidiaries.

Not only that, the shareholders also gave approval to Antam to transfer shares in PT NKA and PT SDA, in which the value of the transfer of shares did not exceed 50 percent of the assets. Throughout 2022, Antam will focus on developing its customer base strategy in especially in the marketing of gold, nickel ore and bauxite products in line with the growth of the domestic market. The company also focuses on careful cost management efforts through the implementation of appropriate efficiency programs, especially related to deferred expenses. Basar said that Antam has set production targets 24,734 tons of ferronickel with sales of 24,734 tons, nickel ore production of 12.1 million wet metric tons with sales of 10.05 wet metric tons, and gold production of 911 kilograms with sales of 28,011 kilograms. Then, the bauxite production target as much as 1.8 million wet metric tons with sales figures bauxite 1.44 million wet metric tons and alumina production of 125 thousand tons with a sales figure of 125 thousand tons.