25 March 2025
Jakarta, 25 March 2025 -- PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, a sustainable integrated nickel mining and processing company, has completed the construction of its second refinery, PT Obi Nickel Cobalt (ONC), and has been fully operational with commercial production since August 2024, increasing Harita Nickel's low-grade nickel refining capacity to 120.000 tons of MHP per year. In the smelter line, after completing the construction of the second RKEF smelter in 2023, PT Halmahera Jaya Feronikel (HJF), the total installed capacity for ferronickel (FeNi) has reached 120,000 tons of nickel content in FeNi per year.
The company observes that the global nickel industry is still facing challenges and expected to remain tough in the coming years, due to factors such as global economic slowdown, increasing business competition, and rising operational costs resulting from changes in both domestic and international policies. In response, Harita Nickel is addressing these issues by focusing on improving operational efficiency to maintain its competitiveness.
One of the strategies for efficient operations is reflected in the commencement of construction for a factory which will produce quicklime as a supporting material in the HPAL hydrometallurgical process. This is expected to improve the efficiency of raw material support costs. Additionally, the company is also implementing tighter control over operational costs.
As a result of several efficiency efforts made throughout 2024, in the financial report for the fiscal period ending on December 31, 2024, Harita Nickel recorded a revenue of IDR 26.97 trillion, a gross profit of IDR 8.45 trillion, and a net profit attributable to the parent company's shareholders of IDR 6.38 trillion.
From the mining business line, Harita Nickel recorded a total nickel ore sales volume of 23.75 million wmt (wet metric tons) to the company’s affiliate operated in nickel processing and refining. Meanwhile, from the nickel processing and refining business line, the company achieved FeNi sales of 126.344 tons, MHP sales of 63.431 tons, and derivative MHP products, Nickel Sulfate (NiSO4) at 38.622 tons.
Recognizing the challenging conditions in the industry, Harita Nickel will focus on strengthening efficiency, completing ongoing projects, and improving internationally recognized operational standards.
One of the initiatives to enhance international operational standards undertaken by Harita Nickel is completing the audit or assessment process for the international mining standard, the Initiative for Responsible Mining Assurance (IRMA), in line with the Environmental, Social, and Governance (ESG) principles that being implemented by the company.
The Finance Director of Harita Nickel, Suparsin D. Liwan stated that moving forward, the company will also remain focused on efforts to maintain the company's financial health.
"We will also remain focused on running operations efficiently, completing ongoing projects, and continually improving operational standards so that the company’s financial condition remains well-maintained," said Suparsin.
About Harita Nickel
PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel is part of the Harita Group, which operates sustainable integrated nickel mining and processing on Obi Island, South Halmahera, North Maluku. In addition to its Mining Business License (IUP), the company has been operating a saprolite nickel smelting plant since 2017 using Rotary Kiln Electric Furnace (RKEF) technology, and since 2021, it has also operated a limonite nickel processing and refining facility using High Pressure Acid Leaching (HPAL) technology in the same operational area. Both facilities were established to support the Indonesian government's downstream mandate.
Harita Nickel is a pioneer in Indonesia in processing and refining low-grade limonite nickel using HPAL technology. This technology allows the processing of previously unused limonite nickel into a strategically valuable product, Mixed Hydroxide Precipitate (MHP). Using the same technology, MHP as an intermediate product has successfully been processed into a final product, Nickel Sulfate (NiSO4), which is a key material in the production of cathodes for new energy sources, such as electric vehicle batteries.
Media contacts:
Corporate Secretary:
Franssoka Sumarwi
Investor Relations:
Lukito Gozali
investor.relations@haritanickel.com
Media Relations:
Anie Rahmi
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