JAKARTA (Yosefardi) – State miner PT Aneka Tambang (Antam) Tbk (ANTM) posted a loss of Rp563.9 billion in first nine months of 2014, due to decline in commodity prices and the government’s regulations that ban the exports of raw materials.
Antam’s net sales fell 34% to Rp5.8 trillion, of which gold segment contributed sales of Rp2.79 trillion or 48% of total sales.
Ferronickel sales volume was recorded at 12,823 tons of nickel contained in ferrinickel (TNi, a 12% higher compared to the same period in 2013 of 11,467 TNi.
Bauxite production volume grew by 20% to 244,272 wet metric ton (wmt) compared to same period last year in line with the preparation for the operations of the Tayan Chemical Grade Alumina (CGA) plant.