Indonesian miner Aneka Tambang (Antam) reported increased nickel ore production and sales in the last quarter of 2020.
The company produced 1.90mn wmt of nickel ore in the fourth quarter of 2020, rising by 28pc against 1.49mn wmt in the preceding quarter. During the same period, the firm’s nickel ore sales doubled to 2.9mn wmt from 1.04mn wmt.
In the full year 2020, Antam’s nickel ore production stood at 4.76mn wmt and sales tallied at 3.30mn wmt. The company uses part of its mined ore to produce ferronickel. Antam produced 25,970mt of ferronickel in the past year, setting an internal record for yearly production.