On July 22, PT Aneka Tambang Tbk issued a report stating that the company's unaudited nickel production and sales performance will achieve positive growth in the second quarter of 2020 (April to June 2020, 2Q20). During the second quarter of 2020, ANTAM's unaudited ferronickel production reached 6,447 tons of nickel in ferronickel (TNi), which was 6,315 TNi compared to the first quarter of 2020 (January to March 2020, 1Q20). , An increase of 2%.
ANTAM's unaudited ferronickel sales reached 6,867 TNi, an increase of 11% over the first quarter of 2020. As of the first half of 2020 (January to June 2020, 1H20), the company's unaudited production and sales of ferronickel reached 12,762 TNi and 13,045 TNi, or equivalent to the 2020 production and sales target of ferronickel. Around 48%.
In addition, in terms of nickel ore commodities, in the second quarter of the 20th quarter, the company produced 745,000 wet tons of unaudited nickel ore as raw materials for ferronickel plants and sold to customers in the domestic market, an increase of 18 compared to the 20th quarter. %. The production level is 629,000 wet tons. At the same time, ANTAM recorded unaudited nickel ore sales of 168,000 wet tons in 2Q20, a substantial increase compared to the first quarter of 2020. During 1H20, ANTAM recorded an unaudited nickel mine production of 1.37 million wet tons and an unaudited sales of 168,000 wet tons.
In line with the global economic recovery and optimism about nickel demand, ANTAM is optimistic to increase the profit margin of its nickel business in 2020. As part of the company's goal to improve its business competitiveness, the company has been implementing a number of measures to reduce operating cash through various operational innovations and adopting strategic strategies to meet the costs of appropriate and optimal cost efficiency strategies. This effort also reflects ANTAM's unaudited nickel cash cost of US$3.33 per pound of nickel during 1H20, making the company one of the global nickel-iron producers with the lowest cash cost.
