trending Market Intelligence /marketintelligence/en/news-insights/trending/FtIfi2AvaE1O8dszVHvhTQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Antam's Q2'19 ferronickel output down 4% YOY

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Antam's Q2'19 ferronickel output down 4% YOY

PT Aneka Tambang Tbk, or Antam, reported a 4% yearly fall in second-quarter ferronickel production to 6,486 tonnes of nickel contained in ferronickel, or TNi, amid the successful ramp-up of the Pomalaa plant to stable operating capacity of 27,000 tonnes per annum.

Ferronickel sales volumes fell 16% to 6,035 TNi for 1.08 trillion Indonesian rupiah in revenue. Antam said its ferronickel capacity will further increase up to 40,500 tpa in 2020 with the completion of a new plant in East Halmahera.

Gold production improved 1% to 16,365 troy ounces, while sales rose 35% year on year to 296,558 troy ounces for 5.67 trillion rupiah in revenue. Gold was the largest contributor in Antam's first-half net sales at 67% or 9.61 trillion rupiah. Silver output went up 9% to 136,930 troy ounces as sales grew 3% to 105,872 troy ounces.

Nickel ore output jumped 54% to 2.6 million wet tonnes as sales surged 230% to 2.2 million wet tonnes, generating 976 billion rupiah in revenue. Bauxite ore production grew 49% year on year to 323,000 wet tonnes as sales rose 221% to 556,000 wet tonnes for 256 billion rupiah in revenue. Alumina production reached 28,443 tons with sales jumping 2,505% to 13,443 tons.

As of Aug. 2, US$1 was equivalent to 14,232 rupiah.