ANTAM acknowledges that economic performance is crucial for sustainability in addressing the challenges of the mining industry. It can also provide positive and sustainable benefits to the environment, society, and the country.
In 2023, ANTAM posted an increase in contribution to the State from Non-tax Government Revenue, taxes, and royalties amounting to Rp3.36 trillion or an increase of 19% compared to Rp2.81 trillion in the previous year.
To support the government’s efforts to strengthen the domestic economy by leveraging commodity opportunities and reinforcing mineral downstreaming, ANTAM continues to innovate its production and sales strategies. This includes increasing product value, optimizing production and sales volumes, and implementing cost management policies strategically and efficiently.
In 2023, ANTAM positive economic performance had a significant impact on our sustainability. ANTAM continuously improve efficiency in various sectors related to operational activity costs to increase production capacity, reduce employee costs, and invest in social initiatives for communities around operational areas. Additionally, ANTAM are proud to contribute to state revenue.
ANTAM also have implemented cost efficiency measures to reduce production costs. These measures include reducing fuel and overtime costs, optimizing raw material usage, streamlining shipping processes, reviewing contract schemes, and seeking more competitive suppliers.
In 2023, ANTAM's social investment amounted to Rp110.77 billion. ANTAM's Social Investment is the cost of implementing the Corporate Social Responsibility (CSR) program, which derives from the Company's operational costs, which include the Social Environmental Responsibility (CSR) Program and the PUMK Program.
For further information of ANTAM's Economic Performance may catch under following link.
