ITMG Considers Gold Business Opportunities Following Nickel Mine Acquisition
Wed 10 Sep 2025, 12:11 PM
Share
PT Indo Tambangraya Megah Tbk (ITMG) is open to the possibility of business diversification into strategic minerals, particularly domestic gold mining.
ITMG President Director Mulianto said that the company is open to managing critical minerals, including bauxite, gold, and copper. However, the realization is currently still in the observation stage.
"It is still under observation to ensure that we can get assets that are truly in line with our strategy. For ITMG itself, we will focus only on domestic [assets]," said Mulianto during a Public Expose Live, Wednesday (September 10, 2025).
Previously, in the first half of 2025, ITMG had diversified into a strategic mineral, namely nickel. This was done through the purchase of a 9.6% stake in PT Adhi Kartiko Pratama Tbk (NICE), an issuer engaged in the nickel mining sector.
As part of its diversification strategy, ITMG chose nickel due to its promising long-term growth prospects, as well as nickel's role as a strategic mineral supporting clean energy infrastructure and a key component of stainless steel.
Looking ahead, ITMG Director Yulius Kurniawan Gozali said that the company has targeted sales in the range of 26.3 to 27.4 million tons in 2025. In the first semester, the achievement was 11.7 million tons.
"So the remaining approximately 15 million tons are projected to be sold in the second half of this year," Yulius explained.
In terms of performance, the company's revenue throughout the first half of 2025 was recorded at USD 919 million, a correction of 12% due to a 19% decrease in the average selling price of coal (ASP). As a result, ITMG booked a net profit of USD 94 million for the six-month period ending June 30, 2025
Advertisement
