DOCSLIB.ORG

Annual Report 2007

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Farewell Letter from the President Director Please see page 50 www.antam.com Annual Report ASX:ATM • IDX:ANTM For the Year 2007 10 Reasons Generating to Invest in Antam 2007 Annual Report Higher Returns for aBetter Future Net Profit Surges 231% Please see Review of Operations, page 69 Nickel Exports Increase Significantly Please see page 71 PT ANTAM Tbk Head Office Gedung Aneka Tambang Jl. Letjen TB Simatupang No. 1 Lingkar Selatan, Tanjung Barat Jakarta 12530, Indonesia Cash Soars 317%; Antam is Poised Tel : (62-21) 789-1234 (62-21) 781-2635 to Invest and Grow Please see Fax. : (62-21) 789-1224 pages 63, 80 E-mail: [email protected] I N V E S T O R A L E R T ! You need to look here. It’ll only take three minutes... Why Diversified. 1Vertically- 2 Gold. Nickel. Integrated. Bauxite. A great mix. Indonesian. For more information please see Our Products and How We Make Them, page 105. Experienced. For more information please see Detailed Description of Antam, page 103. 4 Low cost operations 5 Unique position to (current cash costs lower ferronickel for ferronickel are costs through fuel average). conversion. For more information please see Cost of Sales, page 74. For more information please see Cash Costs and Cost Reduction Program, page 77. Exciting project 8 pipeline, to move 9 Targeted gold downstream into acquisition more value-added program. For more information please see processing activities. Acquisitive Growth Projects, page 83. For more information please see Organic Growth Projects, page 81. Why Antam? Gold. Nickel. 3 Large high quality reserves Bauxite. and resources of nickel A great mix. and bauxite. For more information please see Exploration and Reserves, page 96. 6 Industry-beating 7 Possible margins and ferronickel returns. production For more information please see Our Competitors, page 109. increase over For more information please see Cash Costs and next few years. Cost Reduction Program, page 77. For more information please see Production Volume Targets, page 45. 10 Big dividends, lots of cash and strong financial position to make investments. For more information please see For more information please see Financial Review, page 61. Acquisitive Growth Projects, page 83. 2 0 0 7 A NT A M A n n u a l R e p o r t www.antam.com It is the mission of this annual report to create a clear and positive picture of the company without distorting the truth, to keep our stakeholders informed. If there is ANY part of this report that requires further clarification, please do not hesitate to send our IR team an email ([email protected], [email protected], [email protected], [email protected]). We actually prefer to have an ongoing dialogue with you and hopefully this report is only the beginning... 2007 Antam Annual Report www.antam.com Table of Contents THE INVESTMENT CASE FOR ANTAM IRON, NICKEL Contained IN PIG IRON 83 10 YEAR FINANCIAL HIGHLIGHTS 4 ACQUISITIVE GROWTH PROJECTS 83 WHY WE DO WHAT WE DO: OUR MISSION AND VISION 7 Capital EXPENDITURE PLANS 84 WHO WE ARE: ANTAM DESCRIBED 8 BLUE SKY: EXIStiNG MiNORitY- AN AMAZING YEAR OF GROWTH 10 StAKE JOINT VENTURES OUTPERFORMING OUR PEERS 12 PT NUSA HALMAHERA MINERALS 92 DELIVERING SIGNIFICANT SHAREHOLDER RETURNS 13 PT GALUH Cempaka 93 2007: A GREAT YEAR (CALENDAR OF SIGNIFICANT EVENTS) 14 PT CIBALIUNG Sumberdaya 93 OUR STRATEGY 16 PT DAIRI PRIMA MINERAL 94 OUR RESERVES 17 PT WEDA Bay NICKEL 94 A WELL GOVERNED STATE-OWNED ENTERPRISE 18 EXPLORAtiON AND RESERVES EXTERNAL RECOGNITION AND CERTIFICATION 19 Summary TABLES OF Reserves AND RESOURCES 96 EXCITING PROJECTS 20 NICKEL 97 OUR RISKS AND CHALLENGES 22 Detailed NICKEL Reserves AND RESOURCES TABLE 98 THE OUTLOOK 23 GOLD Detailed GOLD Reserves TABLE 100 MAP OF OPERATIONS AND PROJECTS 24 BAUXITE ANTAM SHARES AND SHAREHOLDERS Detailed BAUXITE Reserves AND RESOURCES TABLE 101 MARKET Overview 28 NOTES TO RESERVES AND RESOURCES estimations 102 SHAREHOLDERS Information 28 DETAILED DESCRiptiON OF ANTAM Total SHAREHOLDER RETURNS 30 HOW WE MAKE OUR MONEY 104 DIVIDEND POLICY 31 OUR STRATEGY TO GROW 104 INVESTOR Relations 32 OUR STRUCTURE 105 INVESTOR PERCEPTION Survey 34 OUR PRODUCTS AND HOW WE MAKE THEM 105 DIRECT FEEDBACK FROM YOU 35 OUR CUSTOMERS AND MARKET SHARE 108 Q&A WITH OUR LARGEST SHAREHOLDER 36 OUR COMPETITORS 109 DEAR SHAREHOLDER OUR COUNTRY AND GOVERNMENT 110 LETTER FROM THE BOARD OF COMMISSIONERS 38 OUR INDUSTRY 110 COMMISSIONERS’ STATEMENT 41 SWOT analysis 112 LETTER FROM THE BOARD OF DIRECTORS 42 RiSK MANAGEMENT DIRECTORS’ STATEMENT 49 HOW WE MANAGE RISK 114 FAREWELL LETTER FROM CEO 50 RISK Statement 115 ANTAM’S PEOPLE CORPORATE GOVERNANCE OF ANTAM THE MANAGEMENT 52 ASSESSMENT OF Antam’S Corporate GOVERNANCE Report 118 BOARD OF COMMISSIONERS’ BIOGRAPHIES 53 Statement ON THE Status OF Corporate GOVERNANCE 120 BOARD OF DIRECTORS’ BIOGRAPHIES 55 PRACTICES Q&A WITH THE BOARD OF DIRECTORS 56 Reports FROM THE COMMISSIONER-LEVEL BOARD 125 OUR HUMAN RESOURCES 58 COMMITTEES ADOPTION OF THE ASX Corporate GOVERNANCE PRINCIPLES FiNANciAL REVIEW: HiGHER PROFitS 140 ABRIDGED FINANCIAL STATEMENTS 62 AND Recommendations ADOPTION OF THE INDONESIAN CODE OF GOOD Corporate Total Consolidated ASSETS 63 143 GOVERNANCE Total Consolidated LIABILITIES 64 SUSTAINAbiLitY REPORT Capital STRUCTURE AND ACCESS TO Capital 65 STAKEHOLDERS’ Involvement 146 CASH FLOWS 66 Environmental PERFORMANCE 146 HEDGING ACTIVITIES 67 SOCIAL PERFORMANCE 147 REVIEW OF OpERAtiONS: Antam FUNDS A LOCAL CRAFTSMAN 148 GENERAtiNG HiGHER OUtpUT Antam TO PURCHASE GREEN ENERGY 149 DETAILED PRODUCTION AND SALES TABLE 70 SALES AND SEGMENT Information 71 AUDitiNG ANTAM SIGNED LETTER ATTESTING TO VERITY OF FINANCIAL PRODUCTION AND SALES 71 152 STATEMENTS COST OF SALES 74 OPINION LETTER FROM ERNST & YOUNG 153 NET INCOME 76 CONSOLIDATED FINANCIAL STATEMENTS CASH COSTS AND COST REDUCTION PROGRAM 77 154 LICENSING 78 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 159 PERFORMANCE MEASUREMENT AND OUTLOOK 78 CONTAct US INVEStiNG FOR A BEttER FUTURE KEY PERSONNEL AND BUSINESS UNITS 197 INSTITUTIONS AND supporting PROFESSIONALS 198 OUR FUTURE TARGETS 80 glossary 199 ORGANIC GROWTH PROJECTS 81 corporate IDENTITY 202 ALUMINA 81 IR CONTACT INFO AND CALENDAR 203 NICKEL 82 www.antam.com 2007 Antam Annual Report The Investment Antam Shares Financial Review: Review of Operations: Investing Blue Sky: Existing Minority- Case for Antam and Shareholders Dear Shareholder Antam’s People Higher Profits Generating Higher Output for a Better Future Stake Joint Ventures 4 Financial Highlights Billion Rupiah Description 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2007/2006 % Net Sales 1,021.91 966.15 1,566.15 1,735.22 1,711.40 2,138.81 2,858.54 3,251.24 5,629.40 12,008.20 113 Cost of Sales 450.75 547.73 860.28 1,122.93 1,280.48 1,471.91 1,497.70 1,827.14 2,887.94 4,794.96 66 Gross Profit 571.16 418.42 706.03 612.29 430.92 666.90 1,360.83 1,424.10 2,741.47 7,213.24 163 Earnings Before Interest, Tax, Depreciation and Amortization 386.54 392.47 661.63 262.81 364.96 466.18 1,317.77 1,394.60 2,778.43 7,724.80 178 Income from Operations 475.33 318.02 537.28 126.29 247.42 447.98 1,096.57 1,099.77 2,403.69 6,796.09 183 Interest Expense 54.56 29.04 25.42 19.00 13.20 16.73 2.20 25.56 141.96 74,315 (48) Net Income 299.36 234.34 383.16 118.91 177.40 226.55 810.25 841.94 1,552.78 5,132.12 231 Outstanding Shares (‘000) 1,230,769 1,230,769 1,230,769 1,230,769 1,907,692 1,907,692 1,907,692 1,907,692 1,907,692 9,538,460 400 Adjusted Net Income per Share (Rp)* 31.38 24.57 40.17 12.47 18.60 23.75 84.95 88.27 162.79 538.04 231 Adjusted Dividend per Share (Rp)* 13.40 9.44 20.09 6.23 6.88 7.72 29.62 30.01 65.12 - - Total Assets 1,976.84 2,055.25 2,516.34 2,577.32 2,525.03 4,326.85 6,042.64 6,402.71 7,290.91 12,037.92 65 Total Liabilities 589.85 598.01 757.00 890.63 843.86 2,543.33 3,600.18 3,373.07 3,009.30 3,273.12 9 Total Long Term Debt 367.03 251.61 236.88 171.86 80.90 1,664.64 2,072.45 2,593.66 1,829.78 1,474.30 19 Total Stockholder’s Equity 1,376.35 1,447.65 1,750.31 1,680.48 1,675.48 1,783.51 2,442.47 3,029.64 4,281.60 8,763.58 105 Net Working Capital 472.13 452.50 763.04 874.30 827.99 2,100.12 2,064.93 1,308.11 2,138.09 6,249.28 192 *Calculations of Net Income per Share and Dividend per Share from 1998 to 2006 are adjusted using 2007’s post stock-split outstanding shares of 9,538,459,750. Our performance for the last 10 years As our Net Sales CAGR exceeded our We pay generous dividends. The has been consistent and robust. costs CAGR, we posted Net Income CAGR of our dividend payment per The Compound Annual Growth Rate CAGR of 37% from 1998-2007. share increased by 49% from 1998 (CAGR) of Net Sales from 1998 to to 2006. 2007 is 31%, while Cost Sales CAGR during the same period is 30%.
Recommended publications
  • Un-Official Translation Curriculum Vitae Bapak Prof

    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.
  • Mining and Development in Indonesia: an Overview of the Regulatory Framework and Policies the Mineral Resources Sector Plays a Vital Role in the Indonesian Economy

    Mining and Development in Indonesia: an Overview of the Regulatory Framework and Policies the Mineral Resources Sector Plays a Vital Role in the Indonesian Economy

    Mining and Development in Indonesia: An Overview of the Regulatory Framework and Policies Researcher: Bernadetta Devi School/Centre: Centre for Social Responsibility in Mining University/ Sustainable Minerals Institute, Institution: The University of Queensland; Researcher: Dody Prayogo University/ LabSosio, Institution: University of Indonesia Key themes: Governance and Regulation; Community and Environmental Sustainability Key countries: Indonesia Completion: March 2013 Research aims: This desktop research provided a brief on mining legislation and policies in Indonesia, before and after the period of national and regional transition. The project aimed to identify current Indonesian regulatory frameworks/policies and analyse their implications for mining, Corporate Social Responsibility and community development and empowerment. For further information on this action research: Contact person: Bernadetta Devi [email protected] Summary of Action Research Activity Mining and development in Indonesia: an overview of the regulatory framework and policies The mineral resources sector plays a vital role in the Indonesian economy. Mining contributes approximately five percent of the total Indonesian Gross Domestic Product and a much greater share within the regional economies of some resource-rich provinces. The industry has attracted many investors, including ‘newcomers’ from China, India, Russia and South Korea. Indonesian civil society (and specifically local communities) is demanding that mining companies recognise their ‘local rights’, which sometimes leads to conflict between companies and local communities. This project provided an overview of the history of mining legislation and policies in Indonesia and an analysis of the current legislation and its impact within the mining industry. Seven key points were noted and expanded for consideration by policy makers, private enterprise and other stakeholders, to assist mining and development within Indonesia: 1.
  • The Mineral Industry of Indonesia in 2009

    The Mineral Industry of Indonesia in 2009

    2009 Minerals Yearbook INDONESIA U.S. Department of the Interior September 2011 U.S. Geological Survey THE MINERAL INDUSTRY OF INDONESIA By Chin S. Kuo Indonesia is rich in mineral resources, including coal, copper, in December 2008. Ministries with vested interests in the gold, natural gas, nickel, and tin. The country also has less regulations, such as the Ministries of Finance and Forestry, had significant quantities of bauxite, petroleum, and silver. The not responded to the drafts proposed by the Ministry of Energy country’s industrial production came from the cement, metal and Mineral Resources. The mining sector was unlikely to have mining, and oil and gas industries. Indonesia was among the new projects in the near future as the Government stopped five leading producers of copper and nickel in the world and its issuing new mining permits until the regulations were made tin output was ranked second after China. It was also ranked final. Mining investment fell below $1 billion in 2009 because among the world’s top 10 countries in the production of gold of the uncertainty in the new mining and coal law. BHP Billiton and natural gas. Indonesia was one of the leading exporters of Ltd. of Australia scrapped a study to develop an integrated liquefied natural gas (LNG) (after Qatar) but was a net importer nickel project on Sulawesi Island and the development of a coal of oil. mine in Central Kalimantan Province. Tsingshan Mineral Co. of China scrapped a $500 million nickel project in North Maluku Minerals in the National Economy Province. The new mining law also requires foreign investors to divest shares either to the Government, a state-owned enterprise, Indonesia’s real gross domestic product (GDP) growth was or a local private entity after the fifth year of commercial 4.5% in 2009.
  • For Personal Use Only Use Personal for CEO of PT Timah Tbk, Mochtar Riza Pahlevi Tabrani, Said

    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.
  • 3Rd Quarter 1999

    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.
  • Trends in Southeast Asia

    Trends in Southeast Asia

    ISSN 0219-3213 2015 #14 Trends in Southeast Asia INDONESIA-CHINA ENERGY AND MINERAL TIES BROADEN ZHAO HONG AND MAXENSIUS TRI SAMBODO TRS14/15s ISBN 978-981-4695-19-0 ISEAS Publishing 9 7 8 9 8 1 4 6 9 5 1 9 0 INSTITUTE OF SOUTHEAST ASIAN STUDIES Trends in Southeast Asia 15-01996 01 Trends_2015-14.indd 1 6/7/15 11:41 am The Institute of Southeast Asian Studies (ISEAS) was established in 1968. It is an autonomous regional research centre for scholars and specialists concerned with modern Southeast Asia. The Institute’s research is structured under Regional Economic Studies (RES), Regional Social and Cultural Studies (RSCS) and Regional Strategic and Political Studies (RSPS), and through country-based programmes. It also houses the ASEAN Studies Centre (ASC), Singapore’s APEC Study Centre, as well as the Nalanda-Sriwijaya Centre (NSC) and its Archaeology Unit. 15-01996 01 Trends_2015-14.indd 2 6/7/15 11:41 am 2015 # 14 Trends in Southeast Asia INDONESIA-CHINA ENERGY AND MINERAL TIES BROADEN ZHAO HONG AND MAXENSIUS TRI SAMBODO ISEAS Publishing INSTITUTE OF SOUTHEAST ASIAN STUDIES 15-01996 01 Trends_2015-14.indd 3 6/7/15 11:41 am Published by: ISEAS Publishing Institute of Southeast Asian Studies 30 Heng Mui Keng Terrace Pasir Panjang, Singapore 119614 [email protected] http://bookshop.iseas.edu.sg © 2015 Institute of Southeast Asian Studies, Singapore All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission.
  • Sandiaga Uno and the Offshore Dealings of Berau Coal

    Sandiaga Uno and the Offshore Dealings of Berau Coal

    SANDIAGA UNO AND THE OFFSHORE DEALINGS OF BERAU COAL This is the first in a series of briefings, revealing the findings of a major investigation into the Indonesian coal industry. In this brief we reveal how a large Indonesian coal company has been used to shift vast sums of money out of the country through an offshore company and out of sight. It shows how those institutions financing and investing in Indonesian coal companies might lose their money, as well as their reputation. Coal is a controversial energy source. government subsidies, among other Worldwide, it is increasingly seen as high- problems, are creating a growing body of cost and high-risk, as one of the biggest opposition to the industry. contributors to climate change, a source of The findings in the first of this multi-part deadly air pollution and the cause of many investigation offer yet another potent reason other types of environmental destruction. why the Indonesian government, international banks and investors should The reputational costs of supporting coal shun Indonesia’s Big Coal. anywhere in the world are causing those funding the sector to flee at increasing rates, with banks, insurers or lenders now announcing new restrictions on average every two weeks. Support from governments is on the wane too, with an increasing number announcing plans to phase coal out. A barge on the river of Mahakam shipping a cargo Indonesia is one of the world’s top coal of coal from the mining area in Samarinda, East producers and exporters. With global Kalimantan. © BAY ISMOYO/AFP/Getty Images demand for coal dropping, a raft of planned new coal-fired power stations in Indonesia could help to maintain a market for its coal.
  • Challenges and Opportunities in Indonesia Mining and Mineral Industries in the Future

    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.
  • Pt Aneka Tambang (Persero) Tbk

    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.
  • World Bank Document

    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.
  • PT Aneka Tambang Tbk Gedung Aneka Tambang Tower a Jl. Letjen TB Simatupang No. 1 Lingkar Selatan, Tanjung Barat Jakarta 12530, Indonesia Tel

    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
  • Download Article

    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.