PT Aneka Tambang Tbk Profile
PT Aneka Tambang Tbk operates as a mining and metals company.
The company engages in the exploration, excavation, processing, and marketing of high grade nickel ore (also known as saprolite), low grade nickel ore (also known as limonite), ferronickel, gold, silver, bauxite, and coal. The company has long term loyal blue chip customers in Europe and Asia.
The company operates through two segments, Nickel, and Gold and Refinery. In 2007, the company established PT Indonesia Chemical Alumina (ICA), a joint venture, in which the company has 80% ownership interest. ICA processes bauxite in West Kalimantan, Indonesia.
The company’s main services are precious metal refining and geological services.
Customers
The company’s major customers are major international firms and are spread around Europe and Asia. To assist with customer relations, the company has a representative office in Japan to serve Northeast Asia.
Ferronickel is primarily exported with long term contracts to consumers in Europe and Asia, including Thyssen Krupp (www.thyssenkrupp.com), Arcelor Mittal (www.arcelormittal.com), Pohang Iron & Steel Co (www.posco.co.kr), and Mitsubishi Corporation (www.mitsubishicorp.com/jp/en/index.html).
High grade nickel ore is exported to Pacific Metals Co., Sumitomo Metals Mining Co. Ltd. (www.smm.co.jp/E/), and Nippon Yakin Kogyo Co. Ltd. (www.nyk.co.jp/en/). Low grade nickel ore is exported to Japan’s Nippon Yakin Kogyo Co. Ltd and China’s Minsources International.
The company’s gold division sells its gold and silver products to both domestic and international buyers. Washed bauxite ores are exported to Japanese customers, such as Showa Denko K.K. (www.sdk.co.jp/english/) and to China.
History
PT Aneka Tambang Tbk was founded in 1968 in the Republic of Indonesia under Government Regulation No. 22 of 1968. The company was incorporated in 1968.
