Antam Sets New Record with Historic Gold sales in 2024
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Jakarta – PT Aneka Tambang Tbk, commonly known as Antam, has achieved a remarkable milestone by recording the highest gold sales in its history. The company sold an remarkable 43,776 kg (1,407,431 Troy OZ) of gold in 2024, marking a substantial 68% increase compared to the previous year.
This unprecedented success is attributed to a diversified and robust business strategy that focuses on optimizing production and increasing demand both domestically and internationally. Arianto Sabtonugroho Rudjito, Antam’s Director of Finance and Risk Management, highlighted this achievement in a written statement on Wednesday, February 5, 2025.”Arianto Sabtonugroho Rudjito said this achievement was the result of a diversified and solid business strategy, optimizing production, and increasing demand both in domestic and global markets,” the statement read.
The company’s ability to maintain the stability of its gold mining producers at 1,019 kg (32,762 Troy OZ) during the same period is also noteworthy. This stability is a result of Antam’s strategic efforts to strengthen and expand its distribution network, thereby increasing market penetration.
“We continue to strengthen Antam’s position as the leader of the precious metal industry in Indonesia by improving services to customers and expanding access to our golden products,” Arianto said.
Nickel and Bauxite Sectors Show Strong Performance
Beyond gold, Antam’s nickel sector has also demonstrated strong performance despite the regulatory challenges affecting the mineral mining industry. The company produced 9.94 million wet metric tons (WMT) of nickel ore in 2024, with sales reaching 8.35 million WMT.
in the ferronickel sector, Antam maintained production stability with 20,103 tons of nickel in ferronickel (TNI), while ferronickel sales amounted to 19,452 TNI. the bauxite sector also saw positive results, with production and sales of 1.33 million WMT and 736,188 WMT, respectively.
“We continue to optimize production and strengthen relationships with partners to ensure that every product we produce has high competitiveness in the market,” Arianto explained.
Strategic Acquisitions and Collaborations
As part of its downstream strategy aligned with government policy, Antam’s subsidiary, PT Gag Nickel, acquired a 30% stake in PT Jiu Long Metal Industry. This acquisition is a notable step towards increasing the added value of mineral commodities produced in the country.
“this acquisition is part of our efforts in strengthening the domestic nickel industry, reducing dependence on exports of raw materials, and supporting the downstreaming government programs,” Arianto said.
Additionally, Antam has established a strategic collaboration with PT Freeport Indonesia to bolster the domestic gold supply chain. This partnership aims to enhance production and distribution efficiency, ensuring the sustainability of precious metal supplies for industrial and investment needs.
Summary of Antam’s 2024 Achievements
| Commodity | Production (WMT/TNI) | Sales (WMT/TNI) |
|———————|————————–|——————–|
| Gold | 1,019 kg (32,762 Troy OZ) | 43,776 kg (1,407,431 Troy OZ) |
| nickel Ore | 9.94 million WMT | 8.35 million WMT |
| Ferronickel | 20,103 TNI | 19,452 TNI |
| Bauxite | 1.33 million WMT | 736,188 WMT |
Antam’s record-breaking gold sales and robust performance across various sectors underscore its commitment to operational efficiency and market innovation. As the company continues to expand and strengthen its position in the precious metal industry, it remains a key player in Indonesia’s mineral sector.
For more information on Antam’s strategic initiatives and market performance, visit the official Antam website.
Stay tuned for further updates on Antam’s groundbreaking achievements and industry-leading strategies.
Editor’s Interview with Antam Representative: Manufacturing Momentum
Editor: Antam, through its subsidiary, PT Gag Nickel, has recently acquired a significant stake in PT Jiu Long Metal Industry. Could you elaborate on the strategic importance of this acquisition for Antam and the Indonesian mineral sector?
Antam Representative: Certainly. This acquisition is a crucial aspect of our downstream strategy, aligning with Indonesia’s government policy to increase the added value of mineral commodities produced in the country. By acquiring a 30% stake in PT jiu long Metal Industry, we aim to enhance the domestic nickel industry, reduce dependence on exporting raw materials, and bolster the downstreaming government programs. this move is part of our broader efforts to strengthen the entire supply chain and create a more robust and self-sustaining mineral market in Indonesia.
Editor: Can you tell us more about the collaboration between antam and PT Freeport Indonesia? What specific benefits does this strategic partnership bring to the Indonesian gold supply chain?
Antam Representative: Absolutely. Our collaboration with PT Freeport Indonesia is aimed at bolstering the domestic gold supply chain. This partnership focuses on enhancing production and distribution efficiency, ensuring the sustainability of precious metal supplies for both industrial and investment needs. By working together, we can improve operational efficiencies, reduce costs, and ensure that we meet the growing demand for gold in both domestic and international markets. This strategic collaboration aligns with our goal of making the Indonesian mineral sector more competitive and resilient.
Editor: Antam’s 2024 achievements have been quiet notable. Can you give us a summary of the key highlights, especially in terms of production and sales?
Antam representative: Indeed, 2024 has been a landmark year for Antam. Our gold sales reached a record-breaking 1,407,431 Troy OZ, underscoring our commitment to operational efficiency and market innovation. Additionally, we produced 1,019 kg (32,762 Troy OZ) of gold and 9.94 million WMT (wet metric tons) of nickel ore. Our ferronickel production and sales stood at 20,103 TNI and 19,452 TNI respectively, while bauxite production and sales amounted to 1.33 million WMT and 736,188 WMT. These numbers reflect our robust performance across various sectors and our dedication to strengthening our position in the precious metal industry.
Editor: How does Antam plan to maintain its competitive edge and continue innovating in the mineral sector?
Antam Representative: Innovation and strategic partnerships are at the core of our business strategy.We are continually investing in technology and research to improve our extraction and processing methods, reduce environmental impact, and maximize the value of our mineral resources. Moreover, our collaborations with other industry leaders, such as PT Freeport Indonesia, enable us to share expertise and best practices, enhancing production efficiency and sustainability. By staying ahead in innovation and partnering strategically, we aim to retain our competitive edge and contribute significantly to Indonesia’s mineral sector.
Editor: Thank you for your insights. How can readers stay informed about Antam’s strategic initiatives and market performance?
Antam Representative: Readers can stay informed about our strategic initiatives and market performance by visiting our official Antam website. We regularly update our site with the latest news, reports, and achievements, providing a thorough overview of our operations and future plans.
Editor: Thank you for your time and insights. We look forward to following Antam’s continued success and groundbreaking achievements in the mineral sector.
