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Production at Antam's nickel subsidiary Gag Nikel surges in Q1

Metal News - Published on Mon, 22 Apr 2019

Image Source: SteelGuru
The Jakarta Post reported that state-owned diversified mining company PT Aneka Tambang recorded a nickel production increase of 410% in the first quarter from the figure recorded in the same period last year. Gag Nikel president director Risono said recently that the company had recorded production of 414,000 tonens in the first quarter of 2019, an increase from 101,000 tonnes in the first quarter last year. He said the company aimed to produce 1.8 million tonnes of nickel this year from 912,000 tonnes last year, or 9.8%of Antam's total nickel production.

Antam aims to produce 10.5 million wet metric tons of nickel, up 14% from last year's 9.2 million wmt. It aims to increase its sales by 18 % to 8 million tonnes this year from 6.7 million tonnes last year.

Risono said Gag Nikel, based on Gag Island, Raja Ampat regency, West Papua, expected to produce up to 3 million tonnes of nickel starting from 2020 to supply the smelter, which will be constructed by Antam in a special economic zone (SEZ) in Sorong, West Papua. Antam is conducting feasibility and bankable studies for the smelter project with total investment of USD 1 billion. Antam aims to produce 40,000 tonnes of nickel and 500,000 tonnes of stainless steel annually in the smelter.

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Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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