Trade War Boosts ANTM’s Profits

By Editorial Team 16/08/2019
Summary

PT Aneka Tambang Tbk (ANTM) recorded 15.7 tons of gold sales or 14.60 percent year-on-year. Aneka Tambang President Director Arie Prabowo Ariotedjo stated that the current prices of the company’s primary commodities, such as gold, nickel, and bauxite, currently drive up its revenues. The contribution from gold sales has been particularly excellent this year. Nevertheless, Arie revealed that the company had not revised the gold sales target of 2019.

From January to August 2019, the ANTM enjoyed a positive trend of gold price. He said on Thursday (8/15), “In March 2019, ANTM’s gold price was Rp 655,000 per gram, but increased significantly to Rp 759,000 per gram since August 15, 2019.” The company is aiming 2,036 kilograms of gold production from Pongkor and Cibaliung mine and 32 tons of gold sales.

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