Tesla Preparing to Enter Indonesia, How is the Performance of Indonesian Nickel Shares?
Firstly, PT Aneka Tambang Tbk is a subsidiary of state-owned mining company Inalum. PT Antam was established on July 5, 1968. Antam’s activities include exploration, mining, processing, and marketing of mineral resources. PT Antam’s revenue is earned through exploration and discovery of mineral deposits, processing these minerals economically, and selling these products to loyal long-term consumers in Europe and Asia.
This activity has been carried out since the company was founded in 1968. Antam’s main commodities are high-grade nickel ore or saprolite, low-grade nickel ore or limonite, ferronickel, gold, silver, and bauxite. Antam’s main services are processing and refining of precious metals and geological services.
The second, namely PT Vale Indonesia Tbk, is an integrated nickel mining and processing company operating in the Sorowako Block, East Luwu Regency, South Sulawesi Province.
PT Vale is part of Vale, a multi-mining company from Brazil that operates in 30 countries. PT Vale mines nickel laterite to produce nickel in the matte final product.
PT Vale’s nickel production volume averages 75,000 metric tons per year. In producing its nickel in the Sorowako Block, PT Vale uses pyrometallurgical technology or smelting (smelting laterite nickel ore) technology.
PT Vale was founded on July 25, 1968, which is a foreign investment mining company (PMA) under a Contract of Work which was amended on October 17, 2014, and is valid until December 28, 2025.
One of the points of renegotiation is the reduction of the Contract of Work area from 190,510 hectares to 118,435 hectares.
The third is PT Pelat Timah Nusantara Tbk, abbreviated as PT Latinusa, Tbk. This is the first company in Indonesia to produce high-quality tinplate with international standards. PT Latinusa, Tbk. was founded on August 19, 1982.
Judging from the stock price, the performance of other nickel issuers, namely PT Timah Tbk and PT Central Omega Resources, is still below the JCI and Mining Index. Based on Antam’s financial report (ANTM), there was an increasing trend in sales from quarter III 2015 to quarter III 2020.
However, during the Covid-19 pandemic, ANTM sales decreased by -26.55 percent to IDR 18.03 trillion in the third quarter of 2020 from IDR 24.55 trillion in the third quarter of 2019.
