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Indonesia's Antam eyes 162% jump in 2018 nickel ore sales

22nd November 2017

By: Reuters

  

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JAKARTA – Indonesia's state-owned diversified miner PT Aneka Tambang Tbk (Antam) is targetting a 162% jump in nickel ore sales next year to 11-million tonnes from an estimated 4.2-million tonnes this year, its CEO said on Wednesday.

Of that amount approximately 3.9-million tonnes will be exported while the remainder will be sold domestically, including to Antam's own smelters, Arie Prabowo Ariotedjo told Reuters in a text message.

"Domestic (nickel ore) sales this year were minimal," Ariotedjo said, noting that in 2018 its local subsidiary, PT GAG Nikel, is expected to begin "full production" of ferronickel.

Antam is aiming for a 17% increase in ferronickel sales to 26 000 t from a projected 22 300 t this year, he said.

Edited by Reuters

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