Ferroalloy Exports Must Go Through State-Owned Enterprise DSI, Antam Responds
PT Aneka Tambang Tbk (Antam) has voiced its position regarding the governance policy for natural resource exports through a dedicated export state-owned enterprise (SOE), PT Danantara Sumberdaya Indonesia (DSI). The listed company, trading under the ticker ANTM, stated that it supports the programme in accordance with government directives.
Antam’s Corporate Secretary Division Head, Wisnu Danandi Haryanto, explained that as part of the mineral and downstream industry, the company is committed to following all policy directions set by the government. “As an SOE operating in the mineral and downstream sectors, ANTAM fundamentally supports the government’s policy aimed at strengthening national export coordination, increasing the competitiveness of Indonesia’s downstream products, and creating a more integrated and efficient trading ecosystem,” he stated in an official disclosure to the Indonesia Stock Exchange on Wednesday.
Despite the new export regulations, the company is currently focusing its business strategy on meeting domestic market needs, particularly for downstream products and strategic commodities. This move aligns with the national agenda to strengthen the domestic mineral processing industry. According to Antam’s consolidated financial statements for the period ending 31 March 2026, domestic sales accounted for Rp28.31 trillion, or approximately 97% of total net sales.
Antam views the strengthening of national export governance as a positive momentum to add value to Indonesia’s mineral commodities and support the national industrialisation and downstream agenda sustainably. The company will ensure all operational activities adhere to business prudence principles, believing that a single-door export policy will enhance transparency in mineral trading and contribute to long-term national economic growth.
The government has officially mandated that all exporters of three strategic natural resource commodities—coal, crude palm oil (CPO), and ferroalloy—must report their export activities through PT Danantara Sumberdaya Indonesia (DSI) effective 1 June 2026. This policy is currently in its initial transition phase for improving single-door natural resource export governance.
Coordinating Minister for Economic Affairs, Airlangga Hartarto, explained that the policy aims to strengthen oversight and the validity of national export data. He emphasised that the reporting obligation is intended to prevent price manipulation and the flight of export proceeds (DHE) abroad. A transition period will run until 31 December 2026, with evaluations scheduled after the first three months of implementation.
During the transition period starting 1 June 2026, exporters may still conduct international trade independently but are required to synchronise their transaction data with the state. This reporting process will be facilitated by the Directorate General of Customs and Excise through the CEISA 4.0 portal to ensure data validity before full implementation on 1 January 2027.
The decision to prioritise these three commodities is based on their significant contribution to national exports, totalling US$66.13 billion (approximately Rp1,179 trillion), representing 23.4% of total national exports. This includes coal at US$24.48 billion, CPO at US$24.42 billion, and ferroalloy at US$16.49 billion. The Minister noted that the goal is to prevent under-invoicing, transfer pricing, and the flight of export proceeds, ensuring that recorded export values reflect actual transactions and optimise state revenue.
Meanwhile, the Chief Operating Officer (COO) of Danantara, Dony Oskaria, stated that the transition period towards full implementation will last approximately seven months, from 1 June to 31 December 2026. He added that PT DSI is currently in the process of selecting human resources and developing robust technological systems to ensure the programme’s success and transparency.