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[ferro-alloys.com]ANTAM’s unaudited net sales in first half of 2018 (1H18) reached Rp11.85 trillion, an increase of 293% compared to first half of 2017 (1H17) unaudited net sales of Rp3.01 trillion.

In 1H18, ANTAM’s ferronickel production amounted to 12,811 tons nickel contained in ferronickel (TNi), increased 37% compared to ferronickel production in 1H17 of 9,327 TNi. Meanwhile ferronickel sales reached 12,879 TNi in 1H18, grew 94% from 6,634 TNi in 1H17.

In 1H18 ANTAM’s nickel ore sales reached 1.91 million wet metric ton (wmt), a 488% increase compared to 1H17. Bauxite ore sales volume also grew by 100% compared to bauxite sales in 1H17, or equal to 256 thousand wmt in 1H18.

FERRONICKEL

The production volume of ferronickel in 1H18 reached 12,811 tons of nickel contained in ferronickel (TNi), a 37% increase compared to ferronickel production level in 1H17 of 9,327 TNi.In 2Q18, ferronickel production volume reached 6,724 TNi or a 5% growth compared to 2Q17.

In 1H18, ANTAM posted ferronickel sales volume of 12,879 TNi a 94% growth compared to ferronickel sales volume in 1H17 of 6,634 TNi.Meanwhile the ferronickel sales in 2Q18 amounted to at 7,516 TNi, increased by 84% compared to 2Q17 sales volume of 4,072 TNi.

Higher ferronickel production and sales volume in 1H18 is supported with the increasing of Pomalaa’s ferronickel plant production capacity due to the completion of Pomalaa Ferronickel Explanation Plant Project which commenced the commercial phase in 2017.

In 1H18, ferronickel sales was the second largest contributor to ANTAM’s unaudited net sales, amounting to Rp2.53 trillion or 21% of the total net sales. Unaudited ferronickel sales in 2Q18 amounted to Rp1.56 trillion.

NICKEL ORE

In 1Q18, ANTAM has received the renewal recommendation permit of mineral export for low grade nickel ore (<1.7% Ni) amounted to 2.7 million wet metric ton (wmt) from the Ministry of Energy and Mineral Resources (MEMR) for the period of 2018-2019.In 2017, ANTAM has obtained mineral export license of low grade nickel with total amount of 3.9 million wmt in which the export license of 2.7 million wmt was

acquired in March 2017 and the rest license of 1.2 million wmt was obtained in October 2017 inline with the East Halmahera Ferronickel Plant Development Project in North Maluku with 13,500 TNi per annum capacity.

Total production of nickel ore in 1H18, which was used as ore feed for ANTAM’s ferronickel plant as well as being sold to domestic third party smelter and export market, amounted to 3.76 million wmt consisting of 1.80 million wmt of high grade

nickel ore and 1.96 million wmt of low grade nickel ore. Total nickel ore production volume in 1H18 increase up to 138% compared to nickel ore production level of 1.58 million wmt in 1H17.

In 1H18, ANTAM recorded total nickel ore sales volume of 1.92 million wmt, increased by 488% compared to nickel ore sales volume in 1H17.

ANTAM’s unaudited revenue from nickel ore amounted to Rp858 billion in 1H18, a 486% growth compared to nickel ore sales revenue in 1H17 .

In 2Q18, ANTAM’s total nickel ore production reached 1.65 million wmt with sales volume of 649 thousand wmt, generating Rp295 billion in revenue. 

• [Editor:王可]