24 January 2020 (closed)
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Aneka Tambang (Antam) is a vertically integrated, export-oriented, diversified mining and metals company in Indonesia. With operations spread throughout the mineral-rich Indonesian archipelago, Antam undertakes all activities from exploration, exploitation, processing, refining to the marketing of its nickel ore, ferronickel, gold, silver, bauxite, coal and precious metals refining services. The biggest three contributors to Antam's revenue are gold, ferronickel and nickel ore. Production of coal and bauxite play a relatively minor role.
|Industry Sub Sector||Metal & Mineral Mining|
|Established||05 July 1968|
|Listed||27 November 1997|
|Listed Company Code||ANTM|
|Major Shareholders (>5%)||Indonesia Asahan Aluminium (65%)|
|Key Subsidiaries||Asia Pacific Nickel Pty. Ltd.
Abuki Jaya Stainless Indonesia
Dwimitra Enggang Khatulistiwa
Indonesia Coal Resources
Mega Citra Utama
Borneo Edo International
Stock Quote Aneka Tambang - ANTM:
In 1997, Antam conducted its initial public offering (IPO) by listing 35 percent of its shares on the Indonesia Stock Exchange (IDX) in order to raise money for the expansion of its ferronickel business. In 1999, Antam listed its shares in Australia as a foreign exempt entity but augmented its status to the more stringent ASX Listing in 2002.
The scope of Antam's business activities include plantation, agriculture, forestry, property and power plant & energy. Antam intends to foster sustained growth through reliable expansion projects, strategic alliances, increasing quality reserves and adding value by moving away from selling raw materials and instead increase processing activities.
Production Volume Aneka Tambang:
|High Grade Nickel Ore
|Low Grade Nickel Ore
|Total Nickel Ore (Wmt)
Source: Aneka Tambang, Annual Report 2016
Antam’s nickel business segment consists of ferronickel and nickel ore produced from the company’s nickel mines in Southeast Sulawesi, North Maluku, and ferronickel plants in Southeast Sulawesi. Ferronickel is a processed product, which contains about 80 percent iron and 20 percent nickel. Antam owns three ferronickel plants: FeNi I, FeNi II and FeNi III. Total capacity of the three plants is 26,000 TNi, with an assumption of peak load of 42MW and using nickel ore with 2.38 percent content as feed. About 70 percent of nickel is consumed for the production of stainless steel, while the rest is used for various industrial purposes such as batteries, electronics, aerospace applications and land based gas turbines.
Antam’s gold and refinery business segment consists of gold, silver and precious metals processing and refinery services. Gold and silver are produced through mining activities and gold ore smelting to dore bullion. The gold ore mining is produced at two mining sites; Pongkor (West Java) and Cibaliung (Banten), both being underground mines.
The last operating segment comprises bauxite and coal. Bauxite is produced from Antam’s bauxite mine in Tayan (West Kalimantan). In line with the company's strategy to enter the downstream business, Antam will process bauxite ore in Tayan by establishing a Chemical Grade Alumina (CGA) plant. Antam also plans to build a Smelter Grade Alumina (SGA) plant in Mempawah (West Kalimantan). Coal is produced from its coal mine in Sarolangun, Jambi (Sumatra), which is operated by its sub-subsidiary Citra Tobindo Sukses Perkasa (CTSP). CTSP is a subsidiary Indonesia Coal Resources (ICR) which is owned by Antam. The Sarolangun coal mine has been in production since June 2010 with production level of 607,606 tons in 2012. ICR targets the Sarolangun to produce about 1.2 million tons in 2013. Coal reserves (non-JORC) in the area reach 8.25 million tons, with an average coal quality between 5,300 to 5,500 Kcal/kg.
Financial Highlights Aneka Tambang:
|Net Profit (loss)
|Earnings per Share¹||(60)||2,7||5,7|
|Dividend per Share¹||0|
|Net Profit (loss)
|Earnings per Share¹||176,77||202,44||314,06||43||(78)|
|Dividend per Share¹||70,71||90,99||47,09||9,67||0|
in billion IDR rupiah except stated otherwise
¹ in IDR rupiah
Source: Aneka Tambang, Annual Report 2017
Projection Future Corporate Earnings Aneka Tambang:
|P/E Ratio (x)||22.4||21.7||12.2||10.2|
in billion IDR, unless otherwise stated
Source: Mirae Asset Sekuritas (14.01.2020)
Aneka Tambang Building,
Jalan Letjen TB. Simatupang No. 1
Lingkar Sel. Tanjung Barat, Jakarta
Phone: +62 21 780 5119
Fax: +62 21 781 2822