PT United Tractors Tbk (UNTR), is targeting an increase in gold sales to 240,000 ounces by 2025. This target is higher compared to the 2024 projection of 235,000 ounces. This aligns with UNTR's focus on strengthening its mineral mining business, particularly in gold and nickel.

United Tractors' Corporate Secretary, Sara K. Loebis, stated that UNTR remains optimistic, although she did not disclose detailed prospects or financial projections. 

"Regarding the prospects, I can't elaborate further; perhaps it only refers to macroeconomic analysis” said Sara to Kontan on Tuesday (January 7).

Sara explained that this year, United Tractors is targeting several performance improvements. In addition to the gold sales target, the company also aims to achieve heavy equipment sales of 4,600 units (up from 4,350 units in 2024), coal production for its clients of 150-152 million tons, with overburden removal (OB) of 1.2-1.3 billion bcm, coal sales of 14 million tons (up from 13 million tons in 2024), and nickel ore sales of 2 million wmt (up from 1.9 million wmt in 2024).

Despite showing growth ambitions, United Tractors has not planned any new acquisitions in the near future. As part of its business development plan, UNTR has allocated a capital expenditure (capex) of around USD 1 billion for 2025, which is stable compared to last year's budget. This funding will be used for operational capex and will be covered by internal cash.

Sara detailed that about 60% of the capex will be allocated to the mining contractor segment, 20% to mineral mining infrastructure, and the remainder for other purposes.

"60% will be used for the mining contractor business line, 20% for mineral mining infrastructure such as gold and nickel, and the rest for other needs" Sara explained.

UNTR also sees significant market potential, supported by commodity price trends and global demand. However, future strategies will be adjusted based on macroeconomic conditions and the dynamics of the mining market in Indonesia and globally.

United Tractors has long managed the mining contractor business through its subsidiary, PT Pamapersada Nusantara (PAMA). The mineral sector, particularly gold and nickel, has become one of the key areas for expansion, in line with the growing global demand for renewable energy.