Back to announcement
20231030_ANTM_Laporan Informasi dan Fakta Material_31483250_lamp2.pdf
Other Text extracted ANTMSource file signed link, expires in 15 minutes
Extracted text 11
Page 1 OCR 0.914
www OUARTERLY REPORT Mm WN antam £ PT ANTAM TBK For the First Nine Month Ended September 30, 2023 ARBN - 087 423 998 Securities Ticker: ASX: ATM, IDX: ANTM Pomalaa Ferronickel Plant Pongkor Gold Processing Plant Tayan Bauxite Mine HIGHLIGHTS For the first nine month period of 2023 (9M23), ANTAM's unaudited nickel ore production amounted 10.67 million wet metric ton (wmt), which was used as ore feed for ANTAM ferronickel plant as well as being sold to domestic market. ANTAM' unaudited nickel ore sales in 9M23 reached at 9.41 million wmt. ANTAM's booked unaudited ferronickel production volume in 9M23 at 15,787 ton nickel within ferronickel (TNI), with unaudited ferronickel sales volume amounted to 14,132 TNi. ANTAM record unaudited gold production figure in 9M23 reached of 908 kg (29,193 troy oz.), with unaudited sales volume amounted to 19,460 kg (625,654 troy oz.). In 2023, ANTAM focus to develop the domestic gold customer based. In 9M23, ANTAM' unaudited bauxite production volume amounted 1.42 million wmt, which was used as ore feed for alumina production and as well as being sold to the third party customer. Meanwhile, the unaudited bauxite sales volume in 9M23 reached 989 thousand wmt. ANTAM Recorded Corporate Credit Rating Improvement from “B#/outlook Positive” to "BB-#/outlook Stable" ANTAM Received 14 Good Mining Practice Awards 2023 FOR FURTHER INFORMATION PLEASE CONTACT: Syarif Faisal Alkadrie (Corporate Secretary) Tel : (6221) 789 1234 Email : corsec@antam.com
Page 2 OCR 0.900
CORPORATE INFORMATION AS PER SEPTEMBER 30, 2023 Board of Commissioners FX. Sutijastoto President Commissioner and Independent Commissioner Gumilar Rusliwa Somantri Independent Commissioner Anang Sri Kusuwardono Independent Commissioner Bambang Sunarwibowo Commissioner Dilo Seno Widagdo Commissioner Board of Directors Nicolas D. Kanter President Director Hartono Director of Operations and Production | Dewa Wirantaya Director of Business Development Elisabeth RT Siahaan Director of Finance and Risk Management Achmad Ardianto Director of Human Resources Share Information e ANTAMS market capitalization as at September 30, 2023 was Rp43.62 trillion. e ANTAM' share prices on the Indonesia Stock Exchange (IDX) hovered within the range of Rp1,795-Rp2,370 per share during January-September 2023. » ANTAM's average share price on the IDX during 9M23 period was Rp2,025 per share. e ANTAM's average share price on the ASX during 9M23 period was AUD1.11 per CDI. Top 10 Shareholders: 1. PT MINERAL INDUSTRI INDONESIA (PERSERO) 2. BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD BOARD-2039927326 3. DJS KETENAGAKERJAAN PROGRAM JHT 4. DJS KETENAGAKERJAAN PROGRAM JP 5. JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX FUND 6. JUNI SETIAWATI WONOWIDJOJO 7. JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 8. DJS KETENAGAKERJAAN PROGRAM JAMINAN KECELAKAAN KERJA 9. CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 1 10. CITIBANK SINGAPORE S/A GOVERNMENT OF SINGAPORE Hi antam S
Page 3 OCR 0.882
PRODUCTION VOLUME (UNAUDITED) 3022 9M22 3023 9M23 Commodity Unit Jul- Sep) (Jan- Sep) Jul- Sep) (Jan- Sep) 2022 2022 2023 2023 Ferronickel TNI 6,106 18,088I 5,250| 15,787! Nickel Ore Wmt 1,820,744| 6,215,269) 3,738,015) 10,673,359 (Gold Kg/t oz 294/9,452| 967/31,0901 315/10,128| 908/29,193 Silver Kg/t oz 2,147/69,028| 5,927/190,5571 2,374/76,326) 6,386/205,315| Bauxite Wmt 461,131 1,341,749 566,450) 1,417,306) Alumina Ton 41,982) 115,875) 36,928) 114,524 PRODUCTION AND SALES In accordance with ANTAM's commitment to During the first nine month period of 2023 (January-September 2023, 9M23), ANTAM continued to optimize the production and sales performance of Company main commodity to pursue the fulfilment of 2023 targets. ANTAM continuously applies a business innovation to enhance the product added value and implements a proper policy in cost efficiency management. FERRONICKEL In 9M23, ANTAM's unaudited ferronickel production volume reached 15,787 ton of nickel in ferronickel (TNI), egual to 8796 from the first nine month period of 2022 (January-September 2022, 9M22) unaudited production of 18,088 TNi. During the third guarter of 2023 (July-September 2023, 3023) unaudited ferronickel production reached 5,250 TNi, egual to 8696 from unaudited ferronickel production in the third guarter of 2022 (July-September 2022, 3022). ANTAM's ferronickel sales products are fully absorbed by the export market. During 9M23, ANTAM unaudited ferronickel sales volume reach 14132 TNi, egual to 8296 from unaudited ferronickel sales in 9M22 of 17,269 TNi. In 3023, unaudited ferronickel sales reached 3,526 TNi. focus on completing the Company's strategic projects in 2023, ANTAM has started the initial stage of operation of the Haltim Ferronickel Plant, which was marked by the burner-on or furnace heating process on July 7, 2023. After the burner-on process is conducted, the second stage of the commissioning is the switch-on furnace of the Haltim Ferronickel Plant was held on July 19, 2023. The next stage is the first metal tapping was held on September 12, 2023. NICKEL ORE During 9M23, ANTAM unaudited consolidated nickel ore production volume are amounting to 10.67 million wet metric ton (wmt), increase 7245 from the 9M22 production of 6.22 million wmt. ANTAM unaudited consolidated nickel ore production volume in 3023 reached 3.74 million wmt, increase 10596 compared to unaudited consolidated nickel ore production volume in 3022 of 1.82 million wmt. ANTAM unaudited consolidated nickel ore sales volume in 9M23 reached 941 million wmt, increase 9896 compared to unaudited consolidated nickel ore sales volume in 9M22 of 475 million wmt. In 3023, ANTAM unaudited consolidated nickel ore sales volume amounted 315 million wmt, increase 8496 compared to unaudited consolidated nickel ore sales volume in #fantam te)
Page 4 OCR 0.897
3022 of 1.71 million wmt. The growth in nickel ore production is aimed at meeting the increasing demand of the domestic market, reflected from the positive growth of sales in 9M23. GOLD In 9M23, ANTAM recorded unaudited gold production volume of 908 kg (29.193 troy oz) from the Companys gold mines. The achievement is inline with the gold production target in 2023 of 1167 kg (37,519 troy oz). Meanwhile, the gold sales volume within 9M23 reached 19,460 kg (625,654 troy oz). In 3023, ANTAM unaudited gold production volume reached 315 kg (10.128 troy oz), increase 746 compared to unaudited gold production in 3022 of 294 kg (9452 troy oz). Meanwhile, ANTAM recorded unaudited gold sales volume in 3023 of 5,952kg (191,361 troy oz). In 2023, ANTAM remains focus on domestic customer base market development, which is line with the increase in public awareness of investing in gold and the growing demand for gold in the domestic market. Pursuant to the Companys aim to enhance Logam Mulia gold product, during the 9M23 period, ANTAM through the Precious Metals Processing and Refining Business Unit, launches the gold thematic product of the Chinese New Year 2023 AD/2574 Kongzili and Eid Al-Fitr 2023/1444 H. The gold three-dimensional (3D) pattern was eguipped on the product design which was marked as the first implemented 3D gold design pattern in Indonesia. Meanwhile, as an effort to innovate Logam Mulia gold product, ANTAM launches latest series of thematic silver and gold products named Indonesian Heritage. The theme 'Indonesian Heritage' was chosen by ANTAM to appreciate and honor the diversity of cultural heritage, as well as to support the unigueness of several strategic regions in Indonesia. ANTAM through the Precious Metals Processing and Refinery Business Unit is the only gold refining plant in Indonesia with "Good Delivery List Refiner" accreditation from the London Bullion Market Association (LBMA). BAUXITE In 9M23, ANTAM recorded unaudited bauxite ore production volume, which was used as ore feed for Tayan Chemical Alumina Grade (CGA) Plant and as well as being sold to the third party customer, amounted to 1.42 million wmt, increase 6x compared to unaudited bauxite ore production in 9M22 of 1.34 million wmt. ANTAM SALES VOLUME (UNAUDITED) 3022 9M22 3023 9M23 Commodity Unit Jul- Sep) (Jan- Sep) Jul- Sep) (Jan- Sep) 2022 2022 2023 2023 Ferronickel TNI 7,646) 17,269 3,526| 14,132) Nickel Ore Wmt 1,713,835 4,752,141 3,153,789) 9,413,038) (Gold Kg/toz 12,462/400,663| — 25,931/833,701 5,952/191,361| 19,460/625,654| Silver Kg/toz 2,783/89475| 8,818/283,505) 2,623/84,331 2120/228,913| Bauxite Wmt 274,252 935,518) 533,520) 988,513 Alumina Ton 40,279 114422) 36,244 108,351 #fantam te)
Page 5 OCR 0.927
unaudited bauxite ore production volume in 3023 reached 566 thousand wmt, increase 2396 compared to unaudited bauxite ore production volume in 3022 of 461 thousand wmt. ANTAM' unaudited bauxite ore sales volume in 9M23 reached 989 thousand wmt, increase 696 compared to unaudited bauxite ore sales volume in 9M22 of 936 thousand wmt. Moreover, unaudited bauxite ore sales volume in 3023 reached 534 thousand wmt, increased 9596 compared to unaudited bauxite ore sales volume in 3022 of 274 thousand wmt. In 2023, the Company will focus on development of bauxite domestic sales market. ALUMINA In line with ANTAM strategy to optimize the operations of Tayan CGA plant as well as prioritizing the alumina marketing activity, ANTAM through its subsidiary which operates the Tayan CGA Plant, PT Indonesia Chemical Alumina, during 9M23 was producing as much as 114,524 ton alumina (unaudited), egual to 9996 from unaudited alumina production in 9M22 of 115,875 ton alumina. In 3023, unaudited alumina production volume was recorded at 36,928 ton alumina. The 9M23 unaudited alumina sales volume reached 108,351 ton alumina, egual to 9596 from unaudited alumina sales in 9M22 of 114,422 ton alumina. In 3023, unaudited alumina sales volume was recorded at 36,244 ton alumina, egual to 9096 from unaudited alumina sales in 3022 of 40,279 ton alumina. EXPLORATION ACTIVITIES In 2023, ANTAM continued the exploration activi- ties to ensure the Company sustainability with focus on efforts to increase and obtain nickel, gold, and bauxite reserves and resources. In 9M23, ANTAM total unaudited preliminary expenditure of Rp15871 billion. GOLD In 9M23, ANTAM conducted gold exploration activities in Pongkor, West Java. In Pongkor, ANTAM conducted underground drilling, surface drilling and also mapping and soil sampling, scout drilling. NICKEL Nickel exploration activities in 9M23, were conducted in North Konawe and Pomalaa, Southeast Sulawesi and also Tanjung Buli, North Maluku. In North Konawe, ANTAM conducted geological mapping, core sampling, core logging, grid measurement & re-measurement, yardstick installation and space drilling. In Pomalaa, ANTAM conducted geological mapping, core sampling, core logging, grid measurement & re-measurement, yardstick installation and single tube drilling. Meanwhile in Tanjung Buli, ANTAM conducted geological mapping, core sampling, core logging, surface sampling, path measurement, yardstick installation and single tube drilling. BAUXITE Bauxite exploration activities until September 30, 2023 were conducted in Tayan, Mempawah and Landak, West Kalimantan. In the area, the exploration activity were covering geological mapping, grid/polygon measurement, geodetic GPS measurement, test pit, logging test pit, test pit sampling and rock measurement. Hi antam S
Page 6 OCR 0.911
ANTAM EXPLORATION AREA IN 9M23 Nickel: Tanjung Buli Ta Bauxi Landak Pongkor Nickel: Pomalaa |... The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Bronto Sutopo who is a Member of The Australasian Institute of Mining and Metallurgy, Mr, Bronto Sutopo is a full-time employee of the company, Mr, Bronto Sutopo has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to gualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', Mr. Bronto Sutopo consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Ai-antam te)
Page 7 OCR 0.868
EXPLORATION AND EXPLOITATION AREAS (UNAUDITED) The Company has exploration and exploitation areas covered by several mining business permit, the details of each of the permit are displayed as follows: Location Exploration Mining Business Permits (IUP) Operation Production IUP (IUP-OP), Contract of Work (CoW), Industrial Business Licence (IUI) and Specific Mining Business Licence (IUP-OPK) for Processing and Refinery: ilik Perusahaan Kab. Sarolangun (Batang Asai), (Prov. Jambi" SK Kepala BKPM RI No. 164/I/IUP/PMDN/2020 Kab. Sarolangun dan Merangin (NUP-VII), Prov. Jambi" SK Kepala BKPM RI No. 165//IUP/PMDN/2020 Kab. Sarolangun dan Merangin (UP-VIII), Prov. Jambi" SK Kepala BKPM RI No. 166/1/IUP/PMDN/2020 (cibaliung, Kab. Pandeglang, (Prov. Banten SK Bupati Pandeglang No. 541.23/Kep.747-BPPT/2013 IUBPP Logam Mulia, Jakarta IUP Operasi Produksi Khusus untuk Pengolahan dan Pemurnian Mineral sesuai SK Menteri ESDM No. 261.K/30/DJB/2011 Pongkor, Kab Bogor, Prov Jawa Barat SK BKPM RI No. 171/I/IUP/PMDN/2020 (98PPO138) larinem (Ciarinem), Papandayan, Kab. Garut, Prov Jawa Barat SK BKPM No. 256/1/IUP/PMDN/2019 Mempawah Hulu, Landak, Kalimantan Barat SK Bupati Landak No. 544.11/330/HK-2014. IToho, Mempawah, Pontianak, Kalimantan Barat SK Bupati Pontianak No. 221 Year 2009 IToho, Mempawah, Pontianak, Kalimantan Barat SK Gubernur Kalimantan Barat No. 444/Distamben/2015 (Tayan, Sanggau, Kalimantan Barat SK BKPM RI No. 241/1/1UP/PMDN/2021 ILasolo, Konawe Utara, Sulawesi Tenggara SK Bupati Konawe Utara No. 15 Year 2010 |Asera dan Molawe, Konawe Utara, Sulawesi Tenggara SK Bupati Konawe Utara No. 158 Year 2010 Pomalaa, Kolaka, Sulawesi Itenggara SK Kepala BKPM RI No. 172//MUP/PMDN/2020 Ai-antam te)
Page 8 OCR 0.854
Location Exploration Mining Business Permits (IUP) Operation Production IUP (IUP-OP), Contract of Work (CoW), Industrial Business Licence (IUI) and Specific Mining Business Licence (IUP-OPK) for Processing and Refinery: Milik Perusahaan (Lanjutan) Batu Kilat, Kolaka, Sulawesi ITenggara SK Kepala BKPM RI No. 175/INUP/PMDN/2020 Sitallo, Kolaka, Sulawesi Ienggara SK Kepala BKPM RI No. 173/IMUP/PMDN/2020 IManiang, Kolaka, Sulawesi (Tenggara SK Kepala BKPM RI No. 16/1/IUP/PMDN/2023 |Tambea, Kolaka, Sulawesi Tenggara SK Kepala BKPM RI No. 174/I/MUP/PMDN/2020 Maba, Halmahera Timur, Maluku Utara" SK BKPM RI No. 1103/1/IUP/PMDN/2022 Oksibil (Kentaurus), Kab. Pegunungan Bintang dan Boven Digoel, Prov. Papua" SK BKPM RI No. 622/1/IUP/ PMDN/2021 (Oksibil (Polaris), Kab. Pegunungan Bintang, Prov. Papua" SK BKPM RI No. 234/1/1UP/ PMDN/2020 (oksibil (Venus), Kab. Pegunungan Bintang, Prov. Papua" SK BKPM RI No. 233/1/1UP/ PMDN/2020 (Oksibil (Orion), Kab. Pegunungan Bintang, Prov. Papua" SK BKPM RI No. 357/1/1UP/ PMDN/2021 IMilik Entitas Anak Perusahaan PT Citra Tobindo Sukses Perkasa-Mandiangin, Sarolangun, Jambi SK DPMPTSP Jambi No. 185/KEP.KA.DPM-PTSP-6.1/ IUPOP/IX/2019 PT Borneo Edo Sejahtera - 'Sebadu, Mandor, Kalimantan Barat SK DPMPTSP No. 503/18/IUP-OP.P/DPMPTSP-C.I/2020 PT Borneo Edo International - Menjalin, Landak, Kalimantan Barat SK DPMPTSP No. 503/16/IUP-OP.P/DPMPTSP-C.II/2019 PT Dwimitra Enggang Khatulistiwa (PT DEK) Menjalin, Landak, Kalimantan Barat” Keputusan Menteri Investasi/ Kepala Badan Koordinasi Penanaman Modal No. 1130/1/1UP/PMDN/2022 tentang Persetujuan Pemberian IUP pada tahap kegiatan operasi produksi untuk komoditas mineral logam kepada PT DEK PT Mega Citra Utama- Meliau, Sanggau, Kalimantan Barat SK Gubernur Kalimantan Barat No. 503/16/IUP-OP.P/ DPMPTSP-C.11/2019 Ai-antam te)
Page 9 OCR 0.857
Location Exploration Mining Business, Permits (IUP) Operation Production IUP (IUP-OP), Contract of Work (CoW), Industrial Business Licence (IUI) and Specific Mining Business Licence (IUP-OPK) for Processing and Refinery: Iilik Entitas Anak Perusahaan (Lanjutan) PT Gag Nikel - Pulau Gag, Raja Contract of Work as of SK Menteri ESDM No. 430.K/30/ Ampat, Papua Barat DJB/2017 Y No.1104/1/IUP/PMDN/2022 Maluku Utara" PT Nusa Karya Arindo - Maba, SK BKPM RI Halmahera Timur, Maluku taran No.1105/1/IUP/PMDN/2022 PT Cibaliung Sumberdaya - (cibaliung, Pandeglang Banten” Kep. Bupati Pandeglang No. 821.13/Kep.1351-BPPT/2014 PT Gunung Kendaik - Mempawah Hulu dan Banyuke Hulu, Kalimantan Barat" SK Gubernur Kalimantan Barat 573/Distamben/2015 PT Indonesia Chemical lalumina - Tayan Hilir, (Sanggau, Kalimantan Barat “ena Izin Usaha Industri diterbitkan tanggal 28 Juli 2021 PT Emas Antam Indonesia - IMandiodo, Konawe Utara, Sulawesi Tenggara IUP Operasi Produksi Khusus Pengolahan dan Pemurnian sesuai SK Bupati Konawe Utara No. 87 Year 2011 IPT Emas Antam Indonesia - IMandiodo, Konawe Utara, (sulawesi Tenggara IUP Operasi Produksi Khusus Pengangkutan dan Penjualan sesuai SK Bupati Konawe Utara No. 88 Year 2011 PT Feni Haltim - Buli, Maba, Maluku Utara Izin Usaha Jasa Pertambangan sesuai SK Menteri Investasi/Kepala BKPM No. 33/1/IUJP-PB/PMDN/2022 Notes Is) - Suspension extension process status. ) Part of IUPs has been transferred to subsidiary PT SDA dan PT NKA. IUPS are revoked and the Company is currently in objection process. The perrnit has been upgraded to IUP Operasi Produksi (IUP OP) Resulted from partial transfer of IUP Maba, East Halmahera, North Maluku. Previously IUP OP Khusus based on Decision Letter of MOEMR No. 668.K/30/DJB/2012 valid until 20 June 2032 Aihantam te)
Page 10 OCR 0.929
CORPORATE NEWS ANTAM DISTRIBUTES CASH DIVIDEND TO SHAREHOLDERS OF RP1.91 TRILLION In July 14, 2023, ANTAM has distributed the cash dividends for the Financial Year 2022 to shareholders. Previously, the shareholders approved the cash dividend distribution at the Annual General Meeting of Shareholders Financial Year 2022, which was held on June 15, 2023. ANTAM distributed the cash dividends to shareholders amounted to Rp1.91 trillion or 5096 of the net profit for the Financial Year of 2022, attributable to the Owner of the Holding of the Company, with the dividend per share of Rp79.50160 or eguivalent to Rp397.508 per CHESS Depository Interest (CDI) to shareholders on the Australian Securities Exchange (ASX). CONSISTENT IN IMPLEMENTING ESG, ANTAM REMAINS PART OF THE SRI-KEHATI INDEX, ESG SECTOR LEADERS IDX KEHATI INDEX, AND ESG @UALITY 45 IDX KEHATI INDEX In July 14, 2023, ANTAM announce that the Company has been part of SRI-KEHATI Index, ESG Sector Leaders IDX KEHATI Index and ESG Ouality 45 IDX KEHATI Index in Indonesia Stock Exchange (IDX) for a trading period of June until November 2023. The inclusion of ANTAM shares in the index is an appreciation of ANTAM's commitment to the Environment, Social, and Governance (ESG) implementation in all aspects of the Companys operations. The inclusion of ANTAMS share at the SRHKEHATI Index, ESG Sector Leaders IDX KEHATI Index, and ESG Ovality 45 IDX KEHATI Index reflects that the Company is committed to sustainably managing its operating, environmental, and — social performance based on the principles of Good Corporate Governance. These efforts are made consistently through various programs to support the Company's sustainable operations. ANTAM LAUNCHES NEW SILVER AND GOLD COLLECTION: THE ENCHANTING CULTURAL HERITAGE OF INDONESIA In July 24, 2023, ANTAM through the Precious Metal Processing and Refinery Business Unit introduced the latest series of thematic silver and gold products named Indonesian Heritage. For first time ANTAM produces 6 premium Silver Bar designs with a weight of 1 Toz or 31.103 grams. Meanwhile, the Gold Gift Series will be released in 4 designs with a weight of 0.5 grams. The theme “Indonesian Heritage" was chosen by ANTAM to appreciate and honor the diversity of cultural heritage, as well as to support the unigueness of several strategic regions in Indonesia. The Indonesian Heritage Silver Bar measures 42.5 mm x 25.5 mm and features 6 landmark designs of Indonesia's strategic cities namely: (1) National Monument from DKI Jakarta: (2) Barong from Bali: (3) Sura & Baya Statue from Surabaya: (4) Gedung Sate from Bandung: (5) Ampera Bridge from Palembang: and (6) Pinisi Ship to represent Makassar City. Indonesian Heritage Silver Bars are made using modern technology at 1 Toz or 31.103 grams. The silver products use security features in the form of microtext written "2023" on the pattern, rainbow effect, latent image, and OR code. Gift Series gold products are also eguipped with microtext, invisible ink, and OR code. ANTAM RECEIVES ALPHA SOUTHEAST ASIA AWARD 2023 In September 7, 2023, announce that the Company has received award from Alpha Southeast Asia at the 13th Institutional Investor Corporate Awards 2023. ANTAM won 3 (three) award categories, namely Ist ranking of Best Senior Management IR Support, 3rd ranking of Most Organized Investor Relations and 4th ranking of Strongest Adherence #fantam te) 10
Page 11 OCR 0.913
to Corporate Governance. In the same event, ANTAM's Director of Finance and Risk Management, Mrs. Elisabeth RT Siahaan was awarded the Best CFO in Indonesia. ANTAM EAST HALMAHERA FERRONICKEL PLANT DEVELOPMENT PROJECT (P3FH) ENTERS THE FIRST METAL TAPPING STAGE In September 12, 2023, announced that the Company has carried out first metal tapping of the East Halmahera Ferronickel Plant. The first metal tapping process is a part of the commissioning process for the East Halmahera Ferronickel Plant and a continuation of the Electric Smelting Furnace (ESF) switch-on stage, which was previously held on July 19, 2023. During the commissioning process, ANTAM ensures the stability and safety of the plant operations. ANTAM RECORDED CORPORATE CREDIT RATING IMPROVEMENT TO BB-/OUTLOOK STABLE IN 2023 In September 26, 2023, announce the improvement of S&P Global corporate credit rating in 2023 from "B#/outlook Positive” to "BB-#/outlook Stable.” This rating Improvement reflects the Company's business prospects advancement, especially through the nickel downstream development initiative — for Indonesia's Electric Vehicle Battery (EV Battery) industry chain and the Company's gold commodity business. The EV Battery industry chain development managed by ANTAM is one of the National Strategic Projects that will strengthen Indonesia's global position in the EV Battery industry chain. In addition, ANTAM's credit profile growth is in line with sufficient and solid of the Company's liguidity management amidst the challenges of global commodity prices. As reported, S&P believes that the Government will continue to provide full support to ANTAM through MIND ID. This is in line with the Government's aspiration to manage and consolidate strategic mining assets through MIND ID, which aims to manage interests in the domestic mining industry, especially concerning natural resource strategy for the national/state. ANTAM RECEIVED 14 GOOD MINING PRACTICE AWARDS 2023 In September 29, 2023, announced received Good Mining Practice Award 2023 initiated by the Ministry of Energy and Mineral Resources (MEMR) of the Republic of Indonesia. The award was held in commemoration of the 78th Mining and Energy Anniversary. In this award, ANTAM received 14 awards in the form of 1 Trophy, 1 "Aditama" rating, 2 "Utama" ratings, and 10 “Pratama” ratings for its commitment to implementing good mining activities through its Business Units and Subsidiary. He Hi antam S 11
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.