PT Aneka Tambang Tbk (ANTAM) is a diversified mining and metals company in Indonesia, operating under the umbrella of Mining Industry Indonesia (MIND ID). Established in 1968, ANTAM engages in the exploration, mining, processing, and marketing of various minerals, including nickel, gold, silver, and bauxite. The company operates through three main segments: Nickel, Precious Metals and Refinery, and Bauxite and Alumina. ANTAM's commitment to sustainable practices is evident through its inclusion in the IDX LQ45 Low Carbon Leaders Index, reflecting its efforts to reduce carbon emissions and adopt environmentally friendly energy sources in its operations.
ANTAM's operations are categorized into three primary segments: 1. **Nickel**: This segment encompasses the mining and processing of nickel ore into ferronickel, which is utilized in stainless steel production. ANTAM operates several ferronickel smelters with a combined annual capacity of 27,000 TNi. 2. **Precious Metals and Refinery**: This segment involves the exploration and production of gold and silver, primarily from mining sites in Pongkor, West Java, and Cibaliung, Banten. ANTAM also offers precious metals processing and refinery services. 3. **Bauxite and Alumina**: This segment focuses on mining bauxite, which contains alumina, and processing it into alumina products.
ANTAM's economic moat is bolstered by its diversified mineral portfolio, extensive mining reserves, and integrated operations across the mining value chain. The company's strategic initiatives to adopt renewable energy sources and reduce carbon emissions enhance its competitive advantage by aligning with global sustainability trends.
ANTAM's management team is dedicated to operational excellence, sustainability, and value creation for stakeholders. The company's proactive approach to environmental responsibility is demonstrated by its efforts to find alternative, environmentally friendly energy sources and its development of a decarbonization roadmap in line with Indonesia's Net Zero Emission 2060 program..
