Antam (ANTM) Allocates IDR 4.5 Trillion to Develop Strategic Projects This Year

May 12, 2024, 05.25 AM | Reporter: Ridwan Nanda Mulyana

ILUSTRASI. Foto udara lokasi smelter nikel milik PT Antam Tbk di Kecamatan Pomalaa, Kabupaten Kolaka, Sulawesi Tenggara, Jumat (10/5/2024). Kementerian Koordinator Bidang Kemaritiman dan Investasi mencatat deposit cadangan Nikel sebanyak 140,3 juta ton yang ada di beberapa wilayah di Indonesia, sementara Nikel terbesar berada di Sulawesi Tenggara mencapai 81 juta ton deposit cadangannya. ANTARA FOTO/Andry Denisah/YU/Spt.

LISTED COMPANY - JAKARTA. PT Aneka Tambang Tbk, also known as Antam (ANTM), is preparing an investment of approximately IDR 4.5 trillion in 2024. This fund will be used to develop Antam's business plans both organically and inorganically.

Antam's Business Development Director, I Dewa Wirantaya, revealed that the allocation of this investment fund has taken into account Antam's financial condition and performance projections for this year. "Also, with the cash flow we have from 2023, the company remains optimistic about funding the investment until the end of 2024," Dewa said in a press conference recently.

Of the IDR 4.5 trillion budget, Dewa disclosed that Antam has allocated about IDR 1 trillion for mining exploration needs. IDR 2 trillion for investment in subsidiaries, and the rest to meet routine investment needs.

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Editor: Syamsul Azhar