JAKARTA (Yosefardi) – State miner PT Aneka Tambang (Antam) Tbk (ANTM) targets a 45% higher gold sales to 13,570 kg (436,286 oz) this year, as part of its strategy to anticipate Indonesia’s ore export ban.
Antam also targets ferronickel production of 19,700 tons of nickel contained in ferronickel (TNi) this year, a 36% increase over 2013 sales.
Antam also expects sales of the new Chemical Grade Alumina (CGA) commodity to commence this year, targeting sales of 125,000-130,000 tons of CGA. It plans to increase coal sales by 307% over 2012 to 1.24 million tons.
As part of the company’s efforts to increase gold sales and expand its retail gold market, Antam will open an additional 5-10 gold retail outlets in 2014 and optimizing sales from the existing five outlets.