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 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 told reporters.
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.
Antam may also propose a 10-year extension for its mining permit in the Pongkor gold mine in West Java after it expires in 2021, Setia said.
Such proposal depends on the result of an exploration to find more gold reserves in Pongkor that is underway, he said.
(By Bernadette Christina Munthe, Wilda Asmarini and Gayatri Suroyo; Editing by Edmund Blair)