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Economic Performance

In 2018, sales of various ANTAM’s commodities has increased significantly driven by the Incoterms method carried out by the Company for our buyers. Currently, ANTAM is one of the world’s nickel producers. The high demand of ANTAM’s nickel commodity, especially come from Asia markets, namely China, Taiwan, South Korea and India. Likewise, with the gold products, ANTAM continues to expand Our reach to new markets both at domestic and international.

Ferronickel production in 2018 reached 24,868 tons of nickel in ferronickel (TNi), 14.27% higher compared to 2017 production volume of 21,762 TNi. Meanwhile, ferronickel sales volume was recorded at 24,135 TNi, 10,65% higher compared to 2017 which was amounted to 21,812 TNi.

Meanwhile In 2018, ANTAM recorded the highest gold sales volume in the 50 years of the Company’s history, amounted to 27,894 kg (896,812 t.oz), increase significantly of 111% compared to 2017 for 13,202 kg (424,454 t.oz). As for bauxite commodities, in 2018 ANTAM was able to produce 1.10 million wet metric tons (wmt) from the Company’s mining in Bauxite Mining Business Unit, an increase of 70% from 2017 total production which was recorded at 648 thousand wmt. As for the sales volume of washed bauxite in 2018 managed to reach 963 thousand wmt, an increase by 15% compared to 2017 volume.

ANTAM’s audited total net sales was recorded at Rp25.24 trillion, 199% higher compared to 2017 total net sales of Rp12.65 trillion. Currently, gold commodity is still the biggest contributor to the Company’s revenue reaching Rp16.92 trillion or representing 67.1% of the 2018 total net sales.

ANTAM recorded total production of nickel ore in 2018 ammountes tol 9,32 million wet metric ton (wmt), an increase of 67% compared to 2017 of 5.57 million wmt. ANTAM recorded total nickel ore sales volume of 6.63 million wmt, an increase of 116% compared to 2017 nickel or sales volume of 2.93 million wmt.

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