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PT Aneka Tambang Tbk, colloquially known as Antam, is an Indonesian mining company. The company primarily produces gold and nickel, and is the largest producer of nickel in Indonesia . Until 2017, Antam was a directly state-owned company , before its ownership was transferred to PT Mineral Industri Indonesia (Persero) or MIND ID, a government ...
At the time of its development, the mine was Peru's largest investment project at $2.3 billion. Part of the country's dependence on mining, it was expected to raise exports by $900 million. [8] In 2010, the mine underwent an expansion program that increased its processing capacity by 31%. [3]
Nickel deposits were discovered in the Weda Bay area in Central Halmahera in 1996, and a joint venture between Canada-based Weda Bay Minerals and Antam (10%) was established in 1997. French mining group Eramet acquired the Canadian stake in 2006, and planned to develop the site, but due to low mineral prices the project was put on hold in 2013.
There are conflicting opinions on this mining business of state-owned mining company PT Aneka Tambang (Antam). While the Indonesian government, in 2022, considered it a National Vital Object (Obvitnas), [2] there has been significant resistance by the population against the mining permits from 2007 on. [3]
This is a list of the largest mining companies in terms of revenue (in US billion dollars) as ranked by Investopedia in 2023. [1] No. Company Revenue (billion US dollars)
In late 1999, the Government of Indonesia enacted a forestry law prohibiting open cast mining in "protection forest" areas. The forest on Gag Island was subsequently reclassified as "protection forest", stopping any mining activity on the island. Mining had resumed in Gag since 2017, following an exploration phase. [2]
Gag Island within the Raja Ampat archipelago, represents a focal point for nickel mining endeavors. Managed by PT Gag Nickel, a subsidiary of Antam, this small island holds significant nickel potential. In addition to Gag Island, neighboring small islands such as Kawe Island and Manuran Island also feature nickel mining activities. [67]
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru , Bolivia , and Argentina . It is one of the world's biggest silver producers; [ 1 ] in 2017 the company extracted 25 million ounces of Silver , 160,000 ounces of Gold , 55,300 ounces of ...