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Aneka Tambang (ANTM) Optimistic that the Battery Ecosystem Will Grow

industri.kontan.co.id

Sun 05 Mar 2023, 12:00 PM

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PT Aneka Tambang Tbk (ANTM) is optimistic that the development of the electric vehicle battery ecosystem business will be increasingly encouraged in the future. Previously, President Joko Widodo issued Presidential Decree No. 3 of 2023 which granted permits for mining in forest areas for two Aneka Tambang companies. Meanwhile, Presidential Decree Number 3 of 2023 concerning Amendments to Presidential Decree Number 41 of 2004 concerning Licensing or Agreements in the Mining Sector Located in Forest Areas specifically stipulates permits for two companies namely PT Sumber Daya Arindo and PT Nusa Karya Arindo.

ANTM Corporate Secretary Division Head Syarif Faisal Alkadrie positively welcomed the presence of this regulation. According to him, the granting of this permit is government support for the development of electric vehicle batteries by ANTM. "We believe that the existence of this Presidential Decree will bring good benefits to our subsidiary, Antam and the government because it will increase investment in North Maluku, and support the development of the Indonesian EV Battery ecosystem," Faisal told Kontan, Friday (3/3). Faisal said that later the two subsidiaries would manage the electric vehicle battery business by collaborating with strategic partners

In this regulation, it is also ensured that there will be no change in the size of the area. In the previous regulation, the total area of the ANTM permit area was set at 39,040 Ha. The three companies are listed as producing nickel in the form of minerals. Meanwhile, if you refer to the latest regulation attachment, the land licensing areas are now divided as follows, PT Aneka Tambang Tbk (ANTM) of 3,648 Ha, PT Sumber Daya Arindo of 14,421 Ha and PT Nusa Karya Arindo of 20,763 Ha. ANTM targets ferronickel production and sales in 2023 to reach 27,201 TNi. This target has increased by 12% from actual production and sales throughout 2022, which amounted to 24,334 TNi and 24,210 TNi respectively.

Meanwhile, for nickel ore this year, it is targeted to produce 11.30 million wet metric tons (wmt). This number increased by 31% from the achievement of nickel ore production in 2022 which reached 8.62 million wmt. It is noted that currently ANTM is continuing to complete the project construction of a ferronickel plant with a capacity of 13,500 TNi per year in East Halmahera along with supporting infrastructure for the factory which has entered the project construction phase.

Source: https://industri.kontan.co.id/news/aneka-tambang-antm-optimistis-pengembangan-bisnis-ekosistem-baterai-bakal-tumbuh

Image source: industri.kontan.co.id

Source Link: https://industri.kontan.co.id/news/aneka-tambang-antm-optimistis-pengembangan-bisnis-ekosistem-baterai-bakal-tumbuh

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