Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Indonesia
  4. INDONESIA STOCK EXCHANGE
  5. PT Aneka Tambang Tbk
  6. News
  7. Summary
    ANTM   ID1000106602

PT ANEKA TAMBANG TBK

(ANTM)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PT Aneka Tambang Tbk : Indonesia's Antam Q1 nickel ore output up more than four-fold y/y

05/03/2021 | 06:07am EDT

JAKARTA, May 3 (Reuters) - Indonesian state miner Aneka Tambang (Antam) said on Monday its nickel ore output rose more than four-fold in the first three months of 2021 compared to the same period a year ago.

Antam's nickel ore output stood at 2.64 million wet metric tonnes (WMT) in the first quarter, up from 629,000 WMT in the same period in 2020, the company said in a statement.

Antam's nickel ore sales, meanwhile, stood at 1.6 million wet metric tonnes in the first quarter, the company said.

The company did not say why nickel ore output surged, but Indonesia, one of the world's biggest producers, has vowed to ramp up processing of nickel laterite ore for use in lithium batteries as part of a bid to eventually become a global hub for producing and exporting EVs.

An Antam spokesman did not immediately respond to a request for comment.

Reuters' quarterly poll showed last week that refined nickel supply will exceed demand by 31,000 tonnes this year and 66,500 tonnes next year.

Antam also announced on Monday that its ferronickel output stood at 6,300 tonnes nickel in ferronickel (TNi) in the first quarter, down 0.2% from a year ago.

Ferronickel sales for January-March stood at 5,624 TNi, down about 12% from 6,379 TNi sold last year, the company said.

Antam's first quarter bauxite output also jumped, up to 557,354 WMT, versus 330,984 WMT last year. Bauxite sales surged to 384,785 WMT, UP from 55,277 WMT a year ago. (Reporting by Bernadette Christina Munthe; Writing by Fathin Ungku Editing by Ed Davies)


© Reuters 2021
All news about PT ANEKA TAMBANG TBK
05/03PT ANEKA TAMBANG TBK  : Aluminium rises on China supply disruption worries
RE
05/03PT ANEKA TAMBANG TBK  : ANTAM Appoints Mr. Yulan Kustiyan as Senior Vice Preside..
PU
05/03PT ANEKA TAMBANG TBK  : Indonesia's Antam Q1 nickel ore output up more than four..
RE
04/30PT ANEKA TAMBANG TBK  : ANTAM Recorded Positive Performance During the First Qua..
PU
04/30PT ANEKA TAMBANG TBK  : 1st Quarter 2021
PU
04/16PT ANEKA TAMBANG TBK : Ex-dividend day for final dividend
FA
04/11PT ANEKA TAMBANG TBK  : Aneka Tambang Discloses Exploration Spending for January..
MT
04/11PT ANEKA TAMBANG TBK  : Aneka Tambang Launches Eid-Themed Precious Metal Product..
MT
04/09PT ANEKA TAMBANG TBK  : ANTAM Launches Thematic Gold Bar Edition Eid Al-Fitr 144..
PU
03/19PT ANEKA TAMBANG TBK  : ANTAM and the Indonesian Public Prosecutor Office Sign A..
AQ
More news
Financials
Sales 2021 29 947 B 2,10 B 2,10 B
Net income 2021 2 280 B 0,16 B 0,16 B
Net Debt 2021 2 725 B 0,19 B 0,19 B
P/E ratio 2021 27,6x
Yield 2021 0,77%
Capitalization 62 961 B 4 405 M 4 407 M
EV / Sales 2021 2,19x
EV / Sales 2022 2,03x
Nbr of Employees 4 128
Free-Float 13,9%
Chart PT ANEKA TAMBANG TBK
Duration : Period :
PT Aneka Tambang Tbk Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PT ANEKA TAMBANG TBK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 2 950,77 IDR
Last Close Price 2 620,00 IDR
Spread / Highest target 71,8%
Spread / Average Target 12,6%
Spread / Lowest Target -50,4%
EPS Revisions
Managers and Directors
NameTitle
Dana Amin President Director
Anton Herdianto Finance Director
Agus Surya Bakti President Commissioner
Zakri Muhammad VP-Information & Communication Technology
Risono Director-Operations & Business Development
Sector and Competitors