Antam Production Feronikel Up To 10,537 Tons In Semester I

Nickel illustration (Photo: Doc. Antara)

JAKARTA - PT Aneka Tambang (Persero) Tbk or Antam (ANTM) recorded an unaudidated ferronickel production volume of 10,537 tonnes of nickel in feronikel (TNI) in the first semester of 2023.

Along with that, during that period the company's uniudited sales rate reached 10,606 TNI.

Citing Antara, Antam recorded the production of unaudidated nickel ore of 6.81 million wet metric tons (WMT) in the first semester of 2023, which was used as raw material for the company's ferronickel factory, and sales to domestic customers.

Meanwhile, during that period, the company's unaudidited nickel ore sales reached 6.27 million WMT.

Then, the company recorded an unaudidated gold sales volume of 13,508 kilograms (kg) or the equivalent of 434,292 troy ounces in the first semester of 2023, with the uniudited gold production rate reaching 594 kg or the equivalent of 19,098 troy ounces.

This year, the state-owned holding company MIND ID is focused on strengthening the customer base of precious metals in the domestic market.

Furthermore, the production volume of unaudidited bauxite was recorded at 851 thousand WMT in the first semester of 2023, which was intended to meet the raw materials needs of alumina factories and sales to third-party customers.

Meanwhile, during that period, sales of unaudidited bauxite were recorded at 455,000 WMT.

During the first quarter of 2023, the issuer coded ANTM posted a net profit of IDR 1.66 trillion, or an increase of 13.49 percent year on year (yoy) compared to the same period in 2022 which amounted to IDR 1.47 trillion.

Antam's positive financial performance achievement is reflected in the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the first quarter of 2023 which was valued at IDR 2.51 trillion, or grew 19 percent compared to IDR 2.1 trillion in the same period in 2022. previously.

EBITDA's growth was supported by the profit achievement for the current period of IDR 1.66 trillion in the first quarter of 2023, or grew 13 percent (yoy) compared to IDR 1.47 trillion in the same period the previous year.