ANTAM Strengthens Bauxite to Alumina Business, says BCA Securities

PT ANTAM (Persero) Tbk (ANTM) continues to strengthen the integration of its bauxite commodity value chain, ranging from mining to alumina products. This strategy is part of the company’s efforts to increase the added value of mineral commodities.

ANTAM operates bauxite mines in Tayan and possesses Chemical Grade Alumina (CGA) facilities through PT Indonesia Chemical Alumina, with an installed capacity of 300,000 tonnes per year. Additionally, ANTAM holds a 40% stake in the Smelter Grade Alumina (SGA) Mempawah facility, which has an installed capacity of 1 million tonnes per year.

The strengthening of this value chain is directed towards enhancing the added value of mineral commodities while supporting the development of the national mineral processing industry.

Amidst its business development agenda, ANTAM is also maintaining its fundamental financial condition. As of the first semester of 2026, the company recorded total assets of IDR 61.27 trillion, equity of IDR 38.53 trillion, and cash and cash equivalents of IDR 9.23 trillion.

ANTAM’s Director of Finance and Risk Management, Arini Kasmira, stated that the company will maintain a balance between business growth, investment discipline, and risk management.

“Every development agenda will be carried out prudently to provide optimal added value while ensuring the long-term financial health of the Company,” said Arini during the Public Expose Live 2026 event on Thursday (10/9).