Company News: PT Antam TBK
Updated: 24 Mar 2010
With four decades of experience since 1968, Antam is an Indonesian limited liability state corporation that is vertically integrated to undertake all stages of the mining process from exploration, mining, smelting, and refining through to marketing. Antam’s main products are ferronickel, nickel ore, gold, silver and bauxite.
Antam is 35% held by the public, the majority of which is by foreign institutions, who have held Antam for a number of years. Listed on the Indonesian and Australian Stock Exchanges, Antam is one of very few Indonesian companies to be fully listed on a stock exchange outside of Indonesia and therefore, must meet international standards of governance and transparency. While Antam is 65% held by the government, Antam is not run by bureaucrats. Antam’s main goal is creating shareholder value, not following the directives of the state. In general, Antam’s approach to increase shareholder value is by lowering costs while profitably expanding operations in a sustainable manner.
Antam offers highly viable opportunities to potential investors and joint venture partners. It has strong, focused, future-oriented management and skilled people; high quality products and long-term loyal customers; a proven record of profitable performance while upholding international standards of community development and environmental management; and good future prospects with vast quality mineral reserves yet to be developed.
Financial Information
- Jl. Letjen TB Simatupang No. 1 Lingkar Selatan,
- Tanjung Barat
- Jakarta
- 12530
- id
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