DOCSLIB.ORG

Challenges and Opportunities in Indonesia Mining and Mineral Industries in the Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Challenges and Opportunities in Indonesia Mining and Mineral Industries in the Future Nickel Mining Activities in North Maluku Mines Business Unit CHALLENGES AND OPPORTUNITIES IN INDONESIA MINING AND MINERAL INDUSTRIES IN THE FUTURE Tato Miraza | Development Director PT ANTAM (Persero) Tbk PwC Asia School of Mines 2012 | Bali, November 30 2012 IDX: ANTM | ASX: ATM Outlines Introduction: ANTAM JOURNEY ANTAM in the future: GLOBAL MINING BASED CORPORATION, WITH HEALTHY GROWTH AND WORLD- CLASS STANDARDS Indonesia Mining Industry: OPPORTUNITIES AND CHALLENGES Downstream Mining Industry: TOWARDS INDONESIA ECONOMIC DEVELOPMENT ACCELERATION AND EXPANSION Shipping Activities in North Maluku Mines Business Unit Introduction: ANTAM SUCCESS STORIES INTRODUCTION: ANTAM JOURNEY Our history PERUSAHAAN BADAN PN ANEKA Listed in Antam’s status in ANTAM change NEGARA (PN) PIMPINAN TAMBANG was INDONESIA ASX was its corporate logo TAMBANG EMAS UMUM established by STOCK upgraded to full TJIKOTOK, was PERUSAHAAN- merging several EXCHANGE (IDX) listing established based PERUSAHAAN state-owned on Peraturan TAMBANG single Pemerintah No. 91 UMUM NEGARA commodity Year 1961 (BPU companies PERTAMBUN) was established 1960 1961 1962 1968 1974 1997 1999 2001 2003 2006 2011 PERUSAHAAN PERUSAHAAN PERUSAHAAN Status Listed in Issued US$200 Issuance of Rp 3 TERBATAS (PT) NEGARA (PN) NEGARA (PN) Amandment from AUSTRALIAN million bonds for Trillions bonds for NIKKEL TAMBANG NEGARA LOGAM PN Aneka SECURITIES funding the investment and INDONESIA was BAUKSIT MULIA, was Tambang to PT EXCHANGE FeNi III smelter business established based INDONESIA, was established based ANEKA (ASX) as Foreign construction developments on Akte Notaris established based on Peraturan TAMBANG Exempt Mr. R.E. on Peraturan Pemerintah No. (PERSERO) Abdulkarnen in Pemerintah No. 218 Year 1961 jo Makassar dated 89 Year 1961 Peraturan 16 Juli 1960 Pemerintah No. No. 32 29 Year 1962 INTRODUCTION: ANTAM JOURNEY Long journey in nickel GROUNDBREAKING OF CONSTRUCTION FENI HALMAHERA SMELTER MODERNIZATION AND OPTIMATION OF FENI POMALAA PLANT TAPUNOPAKA NICKEL MINE, COMMENCED OPERATIONS GROUNDBREAKING OF CONSTRUCTION FENI III SMELTER TANJUNG BULI NICKEL MINE COMMENCED OPERATION 2010 2011 2012 FENI II SMELTER COMMENCED COMMERCIAL OPERATION MODERNIZATION ON ROTARY KILN WITH COPPER COOLER DONE BY ANTAM ITSELF. GROUNDBREAKING OF CONSTRUCTION FENI II SMELTER 2000 2004 2006 FENI I SMELTER COMMENCED COMMERCIAL OPERATION BRICK LAYING INSIDE ELECTRIC FURNACE DONE BY ANTAM ITSELF LEMO ISLAND NICKEL MINE , NEAR POMALAA, COMMENCED 1992 1995 1998 OPERATION BY PT NIKKEL INDONESIA FENI III SMELTER COMMENCED MANIANG ISLAND NICKEL MINE , COMMENCED COMMERCIAL OPERATION BY PT PERTAMBANGAN TORAJA 1976 1977 1979 OPERATION DISCOVERY OF NICKEL PAKAL NICKEL MINE IN POMALAA, 1959 1962 1973 COMMENCED SOUTHEAST SULAWESI OPERATION GEBE ISLAND NICKEL MINE COMMENCED 1909 1938 1939 OPERATION LEGEND GEE ISLAND NICKEL Nickel mine POMALAA SMALL SCALE OF NICKEL MINE COMMENCED FeNi smelter plant ORE COMMENCED PRODUCTION PRODUCTION Mine closure POMALAA FIRST NICKEL ORE SHIPMENT OF CLOSURE OF GEBE NICKEL MINE GROUNDBREAKING OF FENI I SMELTER CONSTRUCTION CLOSURE OF LEMO NICKEL MINE INTRODUCTION: ANTAM JOURNEY Long journey in gold PT CIBALIUNG SUMBER DAYA (CSD) AQUISITION PONGKOR II PLANT COMMENCED OPERATION PONGKOR I PLANT COMMENCED OPERATION PONGKOR I PLANT STARTED CONSTRUCTION 1998 2009 2010 PANGLESERAN GOLD MINE COMMENCED OPERATION CIPICUNG GOLD MINE COMMENCED OPERATION 1993 1994 1996 LOGAS GOLD MINE CLOSURE LOGAM MULIA ESTABLISHED 1982 1988 1989 PT CSD COMMENCED OPERATION FIRST GOLD REFINING BY BRAANKENSIEK PONGKOR II PLANT 1957 1971 1977 STARTED CONSTRUCTION 1937 1937 1939 LOGAM MULIA, PULOGADUNG PLANT CONTRUCTION LEGEND LOGAS GOLD MINE, PEKANBARU, Gold mine COMMENCED OPERATION CIPUTER GOLD MINE Gold mine+processing COMMENCED OPERATION /refinery Plant CIKOTOK GOLD MINE Mine closure COMMENCED OPERATION CIKOTOK MINING AREA CLOSURE INTRODUCTION: ANTAM JOURNEY Long journey in bauxite TAYAN CHEMICAL GRADE ALUMINA PLANT CONSTRUCTION TAYAN BAUXITE MINE COMMENCED OPERATION DISCOVERY OF BAUXITE IN PULAU BINTAN, KEPULAUAN RIAU 2010 2011 1920 1935 2009 KIJANG BAUXITE MINE, PULAU BINTAN, COMMENCED OPERATION KIJANG BAUXITE MINING CLOSURE LEGEND Bauxite mine Alumina processing plant Mine closure INTRODUCTION: ANTAM JOURNEY Long journey in iron sand and coal SAROLANGUN COAL MINE ACQUISITION BY PT INDONESIAN COAL RESOURCES LUMAJANG IRON SAND MINE COMMENCED OPERATION KUTOARJO IRON SAND MINE COMMENCED OPERATION 2011 CILACAP IRON SAND MINE COMMENCED OPERATION 1989 1998 2003 1970 1979 1982 CILACAP IRON SAND MINING CLOSURE PELABUHAN RATU IRON SAND COMMENCED OPERATION LEGEND PELABUHAN RATU IRON SAND MINING CLOSURE Iron sand mine Coal mine Mine closure INTRODUCTION: ANTAM JOURNEY ANTAM mining closure BAUXITE MINING CLOSURE IN KIJANG Revegetation IRON SAND MINING CLOSURE IN CILACAP INTRODUCTION: ANTAM JOURNEY Current operations COAL MINE BAUXITE MINE NICKEL ORE MINE Sarolangun, Jambi Tapunopaka, Southeast Tayan, West Kalimantan (PT Indonesia Coal Resources) Sulawesi FERRONICKEL SMELTER AND NICKEL ORE MINE Pomalaa, Southeast Sulawesi NICKEL ORE MINE Tanjung Buli, North Maluku GEOMIN EXPLORATION UNIT Pulogadung, Jakarta Commodities: PRECIOUS METALS GOLD MINE GOLD MINE Nickel PROCESSING & REFINERY Precious metals Cibaliung, Banten Bauxite Pongkor, West Java Pulogadung, Jakarta (PT Cibaliung Sumberdaya) Coal INTRODUCTION: ANTAM JOURNEY Exploration area COAL BAUXITE GOLD GOLD Location: Tayan, Munggu Pasir and Location: Oksibil, Bintang Location: Sungai Keruh, Jambi; Location: Mao, Batuisi and Mempawah, West Kalimantan Mountains, Papua Sintang, West Kalimantan and Karosa, West Sulawesi Activities: grid measurement, test- Activities: early exploration and South Barito Selatan, Central Activities: drilling and mapping Kalimantan pitting, and sampling mapping Activities: drilling GOLD NICKEL GOLD Location: Lalindu, Mandiodo Location: Batang Asai, and Lasolo, Tapunopaka, Sarolangun, Jambi Location: Pongkor and Papandayan, Southeast Sulawesi; Buli, Activities: geological mapping, West Java and Cibaliung, Banten North Maluku and Gag, West sampling Activities: geological mapping, sampling Papua Activities: drilling, mapping In 1H12, ANTAM spent Rp114.5 billion on exploration and mine development activities INTRODUCTION: ANTAM JOURNEY Stock information Stock price (In rupiah)price Stock Since the IPO, the value per share increased 692% to Rp1.430 on May 22, 2012 Current price (in rupiah) Date Open High Low Close Avg Vol Adj Close* Nov 1, 2012 1.290 1.310 1.220 1.250 4.963.400 1.250 Oct 1, 2012 1.340 1.380 1.260 1.280 8.405.500 1.280 Sep 3, 2012 1.250 1.430 1.220 1.350 16.130.100 1.350 * Close price adjusted for dividends and splits. INTRODUCTION: ANTAM JOURNEY Business strategy • Antam is a vertically integrated, export-oriented, diversified mining and metals company • We undertake all activities from exploration, excavation, processing through to marketing • Operations spread throughout the mineral-rich Indonesian archipelago • Many licensed exploration areas and joint venture projects • Diversified product/commodities. Our current business portfolio: NICKEL based commodity GOLD based commodity BAUXITE based commodity COAL based commodity IRON AND STEEL based commodity CPO/PLANTATION based commodity INVESTMENT based company PROPERTY based company Focus On Core Focus on segments that it knows best: Nickel, Gold and Bauxite Business Adding value by moving away from selling raw materials & increasing processing activities Creating Expanding capacity to increase cash generation and lower unit costs Sustainable Continuously striving to obtain cost efficiencies and being environmentally and socially sustainable Growth Maintaining diversified customer base Developing strategic alliances Focus on long-term and sustainable profitability , and flexible dividend policy at 30 – 40% of profits Maintaining Maintain solid balance sheet and healthy debt leverage (Debt/Equity of 2.0x) Financial Maintain healthy liquidity–ensuring debt maturity well spread out over the next 5 years & focusing on long Strength term financing with matching maturity profile against cash flow generation Development of growth projects without burdening balance sheet ANTAM also maintains good and strong relationships with the Government and has a leverage on strong Government support INTRODUCTION: ANTAM SUCCESS STORY Financial performance Solid Revenue Healthy Margins 12000 Rp Bn 40 % Gross Margin Operating Margin Net Margin 10,346 34 9,592 35 8,711 8,744 29 30 28 8000 25 22 18 19 19 19 19 4,492 20 14 14 4000 15 11 9 10 7 7 5 0 2008 2009 2010 2011 1H12 0 2008 2009 2010 2011 1H12 Strong Revenues Supported with Solid Operational Performance Consistent Healthy Margins Solid Cash Position Leveraged for Growth 6000 5,640 Rp Bn 5,223 40 % 4,229 28 29 4000 3,264 30 2,766 20 2000 10 8 10 6 0 0 2008 2009 2010 2011 1H12 2008 2009 2010 2011 1H12 Solid Cash Position to Support Growth Higher Leverage for Growth INTRODUCTION: ANTAM JOURNEY Reserves and resources Saprolite Nickel (‘000wmt) Gold Ore (‘000 dmt) 6,427 6,427 397,350 306,300 317,200 4,834 4,970 4,450 4,246 4,058 3,838 152,450 162,530 2,870 140,800 152 ,450 56,400 50,350 54,200 886 2008 2009 2010 2011 1H 2012* 2008 2009 2010 2011 1H 2012* Reserve Resource Reserve Resource Limonite Nickel (‘000wmt) Bauxite (‘000wmt) 276,700 263,800 267,500 498,850 242,700 447,700 431,090 400,300 407,300 130,300 106,350 106,350 104,500 105,700 70,900 - - - - - 2008 2009 2010 2011 1H 2012* 2008 2009 2010 2011 1H 2012* Reserve Resource Reserve Resource JORC
Load more

Recommended publications
  • Un-Official Translation Curriculum Vitae Bapak Prof
    Un-official translation Curriculum Vitae Bapak Prof. Dr. Ir. Irwandy Arif, M.Sc. Indonesian citizen, 63 years. He currently serves as an Independent Director of Golden Energy and Resources Ltd., Independent Commissioner of PT Vale Indonesia Tbk, PT Indexim Coalindo, as well as members of the Audit Committee of PT Adaro Energy Tbk and PT Tobabara Sejahtera Tbk. He has extensive experience in the coal industry where he served as the Board of Commissioners of various mining companies in Indonesia such as PT Aneka Tambang Tbk., PT Berau Coal Energy Tbk, and PT Multi Harapan Utama. He also has served as advisor in various mining companies, such as PT PT Tambang Batubara Bukit Asam Tbk., PT Freeport Indonesia, PT Pamapersada Nusantara, PT Gunung Bayan Pratama Coal, PT Cibaliung Sumber Daya Mineral, and PT Quarry Mas Utama. He also involved in education sector, in which He has served as Head of Mining Department – Institute Technology of Bandung (“ITB”) during the year 1995-1998, Dean of the Faculty of Technology Minerals and Geo-Science at ITB during the year 2003- 2004 and served as Chairman of Commission II of the Advisory Board ITB during the years 2009-2014. He was graduated from ITB as a Bachelor of Engineering in Mining Engineering in 1976. Later, He earned a Master of Science in Industrial Engineering from ITB in 1985 and earned a Master and Doctorate at the Ecoles des Mines de Nancy-Institute Polytechnique de Lorraine, France in 1988 and 1991. He also earned as the Professor in Mining Engineering from ITB in 2003.
    [Show full text]
  • For Personal Use Only Use Personal for CEO of PT Timah Tbk, Mochtar Riza Pahlevi Tabrani, Said
    Press Release Three Companies Officially Join the Holding of Mining State- Owned Enterprises (BUMN) Jakarta, 30 November 2017 – The Extra Ordinary General Meetings of Shareholders of three state-owned enterprises; namely PT Aneka Tambang (Persero) Tbk (ANTM), PT Bukit Asam (Persero) Tbk (PTBA), and PT Timah (Persero) Tbk (TINS) approve the change of the companies’ Articles of Association pertaining to the change of company status from Limited Liability to Non-Limited Liability. The resolution is in line with Government Regulation number 47 Year 2017 on the Addition of The Republic of Indonesia State Capital Participation in the Share Capital of PT Inalum (Persero). The Extra Ordinary General Meetings of Shareholders of the three state-owned enterprises were conducted consecutively on Wednesday (29/11) at 09.00-11.00 for ANTM, at 13.00-15.00 for TINS, and finally at 15.00-17.00 for PTBA. The main agenda of the Extra Ordinary General Meeting of Shareholders of Timah and Aneka Tambang (Antam) is on approval for the change of companies’ Articles of Association in relation to the change of status from Limited Liability to Non-Limited Liability, which is in accordance with Government Regulation number 47 Year 2017 on the Addition of The Republic of Indonesia State Capital Participation in the Share Capital of PT Inalum (Persero). In regards of the Government Regulation, 15.619.999.999 of PT Antam (Persero)’s series B stocks will be transferred to Inalum as additional state’s capital. Therefore, Inalum will own 65% of Antam shareholder (B Series), while the rest 35% is owned by public.
    [Show full text]
  • 3Rd Quarter 1999
    Quarterly Report to Shareholders For the three months ending 30th September 1999 ARBN - 087 423 998 GENERAL OVERVIEW EXPLORATION • Promising nickel exploration at Buli; detailed drilling to continue to raise reserves classification. • The Mangkaluku prospect in the Latupa region provides encouraging gold exploration results. • Further detailed drilling confirm the Tayan bauxite deposit’s open pit mining method; although requiring review, the feasibility and environmental studies have been completed DEVELOPMENT • FeNi III, Antam’s nickel expansion project is progressing positively. • PT Nusa Halmahera Minerals (Antam 17.5% and Newcrest 82.5%) begins producing gold. • PT Galuh Cempaka (Antam 20% and Ashton 80%) completes full assembly of Dredge 1, part of the Cempaka Alluvial Diamond Project. PRODUCTION • High-grade nickel ore production increases, while low-grade nickel ore production endures a weather-related decrease. • Following the relining and modernization of FeNi I, Antam’s ferronickel production increases by 23% over 3Q98. • Antam’s gold and silver production increases over 2Q99 by 33% and 72%. FINANCIAL • Unaudited Financial Statements for the nine months ending 30th September 1999 will be released by mid-November 1999, pursuant to the regulations of the Jakarta Stock Exchange. • Cash and production costs for gold decrease by 16% and 17% Dohar Siregar Corporate Secretary 29th October 1999 2 EXPLORATION PT Aneka Tambang has an extensive exploration program dispersed throughout the Indonesian archipelago. This report will update the exploration activities during 3Q99 of those tenements in which Antam has a majority interest. Antam has a minority interest in several exploration joint ventures, the most promising of which are reported in the development section of this report.
    [Show full text]
  • Pt Aneka Tambang (Persero) Tbk
    INDUSTRY COLLECTION Supplement 4/2011 PT ANEKA TAMBANG (PERSERO) TBK LOGAM MULIA PRECIOUS METAL REFINERY JAKARTA, INDONESIA PT Aneka Tambang (Persero) Tbk, a leading mining and minerals processing company in Indonesia, owns the Logam Mulia Precious Metal Refinery, Indonesia’s only major gold refiner and bar manufacturer. The refinery, located in east Jakarta, issues London Good Delivery 400 oz bars and 12 smaller cast and minted bars that are branded with the official stamp of Logam Mulia: The Logam Mulia Precious Metal Cast: 400 oz, 1000 g, 250 g Refinery has refined gold in Jakarta Minted: 100 g, 50 g, 25 g, 10 g, 5 g, 4 g, 3 g, 2.5 g, 2 g, 1 g since 1937. The bars are traded within Indonesia, as well as internationally, notably kilobars that are exported mainly to South East Asia, Europe and Australia. Indonesia, an archipelago of 17,508 islands that straddles the equator in South East Asia, has a population of 245 million, the 4th largest after China, India and the USA. Religious affiliations: Muslim (86%), Christian (9%) and Hindu (2%). Jakarta (9 million), on the island of Java, is the capital city. According to GFMS Limited (London), Indonesia was the 8th largest gold producing country in 2009, having generated 157.5 tonnes of fine gold, mainly as a by-product of copper mining. Logam Mulia has manufactured London Good Delivery 400 oz bars since 1999. ACCREDITATION 1999 London Bullion Market Association (LBMA) 2005 Dubai Multi Commodities Centre (DMCC) In 2000, Logam Mulia’s Assay Laboratory was accredited to ISO Guide 17025 by the National Accreditation Committee.
    [Show full text]
  • World Bank Document
    Draft by the Team for the Formation of the EITI Indonesia Secretariat For stakeholder comment and approval by the Implementation Team Public Disclosure Authorized EITI Indonesia Scoping Note DATE Overview Indonesia is implementing the Extractive Industries Transparency Initiative (EITI), the global initiative for oil, gas and minerals revenue transparency. Under the EITI, oil, gas and mining firms report the amount of revenues that they have conveyed Public Disclosure Authorized to the government. Meanwhile, the government reports how much of these revenues it collects. The comparison and publication of these figures is overseen by a multi-stakeholder committee. Decisions on “scope” are an important part of the EITI process. Scope refers to: 1. The extractive sectors, companies, and production units that will report. 2. The types of revenue streams that will be reported and the government entities collecting these revenue streams that will fill out templates. 3. Amounts (both in physical amounts and in dollars or rupiah surrendered to the government) above which revenue streams will be reported on. 4. Whether amounts reported by industry vs. government will be crosschecked with an effort to see whether figures can be brought into alignment (reconciled) with a Public Disclosure Authorized possible limited audit of figures that do not agree or whether a full audit will take place for figures that do not match. 5. The degree of disaggregation (at the level of individual production units, at the level of companies, or only at the level of total revenue streams collected by the government) at which information will be presented in the final EITI Report 6.
    [Show full text]
  • PT Aneka Tambang Tbk Gedung Aneka Tambang Tower a Jl. Letjen TB Simatupang No. 1 Lingkar Selatan, Tanjung Barat Jakarta 12530, Indonesia Tel
    2017 Kilas Kinerja Perusahaan Corporate Performance Highlights MEMPERKUAT STRATEGI UNTUK MENCAPAI KEBERHASILAN Strengthening Strategy for Success PT Aneka Tambang Tbk Gedung Aneka Tambang Tower A Jl. Letjen TB Simatupang No. 1 Lingkar Selatan, Tanjung Barat Jakarta 12530, Indonesia Tel. : (62-21) 789 1234, 781 2635 Fax. : (62-21) 789 1224 Email: [email protected] 2017 Kilas Kinerja Perusahaan Corporate Performance Highlights MEMPERKUAT STRATEGI UNTUK MENCAPAI KEBERHASILAN Strengthening Strategy for Success 01 02 Pertumbuhan Kinerja Keuangan ANTAM yang Gemilang ANTAM Kembali Mencatatkan Produksi dan Penjualan Tahun 2017 Feronikel Tertinggi ANTAM’S Solid Financial Performance of 2017 Sepanjang Sejarah ANTAM Remain Reached All Time High Of Ferronickel Production And Sales 07 08 09 The 1st Champion Rp 1,32 Rp 389 of Indonesia Original Brand 2017 Triliun Trillion Miliar Billion Brand LM ANTAM - Kategori Logam Mulia LM Brand - Precious Metals Category Stream Revenue Baru First Piling ANTAM Tahun 2017: Ekspor Pembangunan Pabrik Apresiasi Pasar yang Bijih Nikel Kadar Rendah Feronikel Halmahera Timur Positif Terhadap Produk dan Bijih Bauksit Logam Mulia ANTAM ANTAM’S New Stream Of Revenue In 2017: ANTAM Conducts the First Piling of East Halmahera Positive Appreciation of ANTAM’S Gold Export of Low Grade Nickel Ore and Bauxite Ferronickel Plant Development Project Product Ore I Kilas Kinerja PT Aneka Tambang Tbk Performance Highlights PT Aneka Tambang Tbk 1 03 04 05 06 US$ 3,52 per lb ANTAM Mendapatkan ANTAM Kembali Menjadi Satu PROPER Emas dan Salah
    [Show full text]
  • Download Article
    Advances in Economics, Business and Management Research, volume 59 International Conference on Energy and Mining Law (ICEML 2018) Legal Status of the Holding Company of Mining State-Owned Enterprises Under the Context of Direct Capital Participation Sourcing from the Separate State’s Assets Raden Roro Theresia Tri Widorini Doctor Program Faculty Of Law University Brawijaya Malang, Indonesia [email protected] Abstract— Establishment of Holding BUMN Mining was Government of the Republic of Indonesia Number 47 of formally established on 27 November 2017 in Jakarta with PT. 2017, dated 10th November 2017. The establishment of this Indonesia Asahan Aluminum (Inalum) becomes the holding Holding Company of Mining State-Owned Enterprises had company of state-owned mining company PT Aneka Tambang consequently changed the corporate status of PT. Aneka Tbk, PT. Bukit Asam, Tbk, and PT. Timah, Tbk becomes a Tambang Tbk., PT. Bukit Asam, Tbk., and PT. Timah, Tbk., subsidiary. With this Holding BUMN Mining, the status of PT into Limited Liabilities fully organised and operating under Aneka Tambang Tbk, PT. Bukit Asam, Tbk, and PT. Timah, the Law Number 40 of 2007 on the Limited Liability Tbk changed from state-owned company to non-corporate Company (Article 4 letter a of the Government Regulation status by marking the deed of transfer of shares of series B by SOE Minister Rini Soemarno consisting of PT Aneka No. 47 of 2017) upon the execution of the deed of Class A Tambang Tbk of 65%, PT. Bukit Asam, Tbk at 65.02%, PT. Shares Transfer by the Minister of SOE, Rini Soemarno, the Timah, Tbk at 65% and PT.
    [Show full text]
  • Antam & Inalum Sign Joint Venture Agreement on the Development Of
    ANTAM & INALUM SIGN JOINT VENTURE AGREEMENT ON THE DEVELOPMENT OF SMELTER GRADE ALUMINA REFINERY (SGAR) PLANT Jakarta, April 14, 2016 – PT ANTAM (Persero) Tbk (ASX: ATM; IDX: ANTM; ANTAM) and PT Indonesia Asahan Alumunium (Persero) (INALUM) are pleased to announce the signing of the Joint Venture Agreement (JVA) on the development of Smelter Grade Alumina Refinery (SGAR) Plant. Following the signing of the agreement, ANTAM and INALUM will form a joint venture company, PT INALUM ANTAM ALUMINA. The signing of the JVA follows the Memorandum of Understanding (MoU) and the Principles of Agreement (Heads of Agreement) between ANTAM and INALUM which were signed in 2015. The JVA was signed by ANTAM’s President Director, Tedy Badrujaman and INALUM’s President Director, Winardi Sunoto today in Jakarta. ANTAM’s President Director, Tedy Badrujaman, said: “The cooperation between ANTAM and INALUM is an important step in our effort to enhance the value of Indonesia’s vast bauxite reserves as well as supporting the synergy among SOEs. In the joint operations of the SGAR plant, ANTAM will provide bauxite ore feed from our bauxite mine.” INALUM’s President Director, Winardi Sunoto, said: “Our partnership with ANTAM will support the development of bauxite ore processing to produce Smelter Grade Alumina, the main raw material for INALUM’s aluminium smelting plant. Smelter Grade Alumina Refinery is one of the deveopment projects in our list.” The cooperation between ANTAM and INALUM includes the investment and equity participation in the SGAR joint venture company which will be formed by the ANTAM, INALUM and strategic partner. The joint venture company line of business includes smelter grade alumina refinery and other agreed business activities.
    [Show full text]
  • Aneka Tambang Climate Accounting Analysis
    Climate Accounting Project Company Analysis Aneka Tambang Indonesia, Mining Climate Accounting Audit Date of analysis: April 9 2021 Assumptions Consistency Year end: December 2020 Paris Visibility Consistency Judgements with other Visibility Report date: March 12 2021 alignment in KAMs check reporting AGM: April 7 2021 CA 100+ company, so seen by Significant Significant Significant Significant Significant Some investors as key to driving global net concerns concerns concerns concerns concerns concerns zero emissions Summary view: • Aneka Tambang gives only cursory consideration of climate-related issues in its narrative reporting, while the audited consolidated financial statements do not appear to give any consideration to these issues. This is despite the significant exposure of the company to climate change, both from the carbon impact of their mining and ore processing activities but also from anticipated increased demand for nickel as a product used in lithium-ion batteries for electric vehicles. • The audit consistency check is assisted by the fact that since the other reporting has such superficial consideration of climate-related issues, there is little for the financial statements to be inconsistent with. Background The Business • PT Aneka Tambang (known as “Antam”) is a state-owned diversified mining company in Indonesia. It is listed on the Indonesia Stock Exchange with 65% owned by the state through holding company PT Indonesia Asahan Aluminium (Persero) with the remaining 35% as free float. Antam has a secondary listing on the Australian Securities Exchange (ASX). • Antam operates in three core businesses: nickel; gold mining and precious metal refining; and bauxite and alumina. Indonesia is the world’s largest producer of nickel with a 31% market share, while Antam is the largest producer in Indonesia (although Brazil’s Vale, with nickel assets in Canada and Indonesia, is the world’s largest producer of nickel).
    [Show full text]
  • PT Bumi Resources Minerals Tbk. Paparan Publik Tahunan
    PT Bumi Resources Minerals Tbk. Paparan Publik Tahunan Desember 2020 Struktur Perusahaan BRM PT Bumi Resources Minerals Tbk. 49% 100% 96.97% PT Dairi Prima Mineral International Minerals PT Citra Palu Minerals (“Dairi”) Company LLC (“IMC”) (“Citra Palu”) 80% PT Gorontalo Minerals (“Gorontalo”) Notes: . PT Aneka Tambang Tbk (ANTM) owns 20% of PT Gorontalo Minerals . China Nonferrous Metal Industry’s Foreign Engineering & Construction Co Ltd. (NFC China) owns 51% of PT Dairi Prima Mineral 0 1 08 _ AP _ 7 UM 0 1 00 G S Tim Manajemen BRM Suseno Kramadibrata Febriansyah Marzuki Fuad Helmy . Berpengalaman lebih dari 32 . 13 tahun berpengalaman dalam . Berpengalaman lebih dari 12 tahun dalam operasi investment banking (AMEX, tahun sebagai Analis Bisnis penambangan, teknik, dan Ficorinvest, Recapital Securities). dan CFO di industri manajemen dari Bukit Asam, Rio . 5 tahun sebagai V.P. di BPPN. pertambangan. Tinto, Kaltim Prima Coal, Adaro. 8 tahun berpengalaman sebagai . Berpengalaman lebih dari 7 . Presiden di Indonesian Rock head of internal audit & risk tahun dalam konsultasi Mechanics Society, VP Asia di management dalam industri keuangan dan sektor International Society for Rock Direktur Direktur pertambangan. Direktur perbankan dari Bank Danamon Mechanics, VP di International Utama dan BC Nusantara. Society for Rock Mechanics Herwin Wahyu Hidayat Muhammad Sulthon Adika Aryasthana Bakrie . Berpengalaman lebih dari 15 . Berpengalaman lebih dari 14 . Berpengalaman sebagai tahun di bidang keuangan dan tahun sebagai Head of Legal Assistant Investment Analyst di Investor Relations dalam industri Counsel dan Corporate Secretary Alta Verde Group (California, minyak & gas dan pertambangan. di sektor industri pertambangan. USA) pada tahun 2010. Sebelumnya lebih dari 6 tahun .
    [Show full text]
  • Jilid 1 INVENTARIS ARSIP PT Aneka Tambang (Persero) Tbk (1931)
    Jilid 1 INVENTARIS ARSIP PT Aneka Tambang (Persero) Tbk (1931) 1942 – 2008 : Arsip Tekstual DIREKTORAT PENGOLAHAN DEPUTI BIDANG KONSERVASI ARSIP ARSIP NASIONAL REPUBLIK INDONESIA JAKARTA 2015 Jilid 2 INVENTARIS ARSIP PT Aneka Tambang (Persero) Tbk (1931) 1942 – 2008 : Arsip Kartografik dan Kearsitekturan DIREKTORAT PENGOLAHAN DEPUTI BIDANG KONSERVASI ARSIP ARSIP NASIONAL REPUBLIK INDONESIA JAKARTA 2015 KATA PENGANTAR Pasal 19 Ayat (2) Undang-Undang Nomor 43 Tahun 2009 tentang Kearsipan menyatakan bahwa Arsip Nasional Republik Indonesia (ANRI) wajib melakukan pengolahan arsip statis berskala nasional yang diterima dari lembaga negara, perusahaan, organisasi sosial-politik, organisasi kemasyarakatan, dan perseorangan. Pengelolaan arsip statis oleh ANRI bertujuan untuk menjamin keselamatan dan keamanan arsip sebagai bukti pertanggung jawaban nasional dalam kehidupan bermasyarakat, berbangsa, dan bernegara. Arsip statis yang dikelola oleh ANRI merupakan memori kolektif, identitas bangsa, bahan penelitian, dan pengembangan ilmu pengetahuan serta sumber informasi publik. Oleh karena itu, peningkatan mutu pengelolaan arsip statis yang tersimpan di ANRI harus diolah dengan benar berdasarkan kaidah-kaidah kearsipan sehingga dapat diakses dengan cepat, tepat dan lengkap. Berkaitan dengan hal tersebut, maka dalam rangka pengolahan khazanah arsip statis sebagai memori kolektif bangsa, Direktorat Pengolahan ANRI pada Tahun Anggaran 2015 melaksanakan penyusunan Inventaris Arsip PT Aneka Tambang (Persero) Tbk Tahun 1931 – 2008. Inventaris arsip ini merupakan sarana bantu penemuan kembali arsip yang memuat tugas dan fungsi PT Aneka Tambang (Persero) Tbk. Kami menyadari sepenuhnya bahwa inventaris arsip ini masih belum sempurna. Namun setidaknya Inventaris Arsip ini sudah dapat digunakan untuk mengakses arsip PT Aneka Tambang (Persero) Tbk Tahun 1931 – 2008 di ANRI dalam rangka pelayanan arsip statis kepada pengguna arsip. Akhirnya, kami mengucapkan banyak terima kasih kepada segenap Pimpinan ANRI, anggota Tim, dan semua pihak yang telah membantu penyusunan inventaris arsip ini.
    [Show full text]
  • Nomura Corporate Access
    Nomura Corporate Access Indonesia Metals and Mining Tour June 15-17 · Jakarta and Balikpapan Overview Nomura is pleased to host this year’s Metals and RSVP by May 2, 2011 Mining investor tour in Indonesia. Given its strategic NomAD and iTrips location in proximity to China and India, Indonesia is fast becoming one of the most important mining Enquiries: regions in the world. This intensive three-day tour will Ms. Carrie Wong, Corporate Access Tel: +852 2252 2164 give investors access to senior management from key Email: [email protected] players in the Metals and Mining industry, as well as a rare opportunity to visit one of the largest mine sites in Ms. Ariel Choi, Corporate Access Indonesia. Tel: +852 2252 1437 Email: [email protected] Wednesday and Thursday, June 15-16 – Jakarta Save the Date! Inco Indonesia (Vale) INCO IJ* - Nickel mining Aneka Tambang (ANTM IJ) – Nickel and Gold mining Taiwan LED Corporate Day Indo Tambangraya (ITMG IJ) – Coal mining April 13, Taipei Delta Dunia* (DOID IJ) – Coal mining contractor Bukit Asam (PTBA IJ) – Coal mining China Investor Forum April 13-14, Hangzhou Bumi Resources (BUMI IJ) – Coal mining Bumi Resources Minerals (BRMS IJ) – Gold, Copper, Lead and Zinc mines Pan-Asia Technology Forum Newmont May 25-27, Hong Kong Friday, June 17 – Kalimantan Nomura Asia Equity Forum June 13-16, Singapore Bumi Resources* – Site visit (Kalimantan) Indian Investor Forum September 5-6, India (TBC) Global Real Estate Forum September 5-7, Tokyo China Conference II September 7-9, Beijing (TBC) Asia Agri Corporate Day September 13-14, Singapore September 15-16, Hong Kong Global Roadshow, Shinka Autumn 1st week of Nov, London Wilianto Ie Global Roadshow Head of Equity Research, Indonesia US Asia Corporate Day Asia ex-Japan st 1 week of Nov, New York * Corporates confirmed.
    [Show full text]