ANTAM Targets Significant Operational Performance Growth in 2018

In 2018, ANTAM targets ferronickel production volume at 26,000 tonnes of nickel contained in ferronickel (TNi), a 19% increase compared to 2017 unaudited ferronickel production of 21,762 TNi. Higher ferronickel production target is a part of ANTAM's strategies to gradually increase the utilization of its ferronickel plant capacity to meet optimum production level  capacity of 27,000 TNi. In gold, ANTAM targets total gold production volume of 2,201 kg from the Pongkor and Cibaliung mines. ANTAM also boosted gold sales target in 2018, targeting 24,000 kg or an 81% jump compared to unaudited gold sales volume of 13,202 kg. The higher target is inline with the expectation of domestic and export market expansion of ANTAM's LM gold products. ANTAM is Indonesia's only precious metal processing and refinery unit with London Bullion Market Association (LBMA) accreditation. The accreditation ensures the purity and weight of each product as well as the acceptance of sales in the international market.