Antam to request extension of nickel ore export permit

Indonesian state miner Aneka Tambang (Antam) will propose to the government to extend until the end of the year its export permit for 1 million to 1.2 million tonnes of nickel ores that is due to expire in October, its commerce director Aprilandi Hidayat Setia said on Wednesday

Antam will also request an additional permit to allow it to export up to 5.2 million tonnes of nickel ores in 2019, Aprilandi Hidayat Setia disclosed.

The state company welcomes the government's decision to bring forward the deadline of nickel ore export ban to the end of 2019 because this raised nickel prices and its nickel processing capacity will increase next year, chief financial officer Dimas Wikan Pramuditho said.

Antam's output capacity for ferronickel will rise to 40,500 tonnes of nickel in ferronickel (TNi) next year, from 27,000 tonnes TNi now, Pramuditho said.

.Asian Metal Copyright Antam's output capacity for ferronickel will rise to 40,500 tonnes of nickel in ferronickel TNi next year, from 27,000 tonnes TNi now, Pramuditho said.Asian Metal Copyright