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Ifishdeco: plans to sell 800000 tons of nickel mines by the end of this year.
Sep 15,2020 09:03CST
translation
Source:SMM
[Ifishdeco: plans to sell 800000 tons of nickel mines by the end of this year] recently, PT Ifishdeco Tbk said that in order to achieve good results by the end of this year, the company aims to sell 800000 tons of nickel mines.
The content below was translated by Tencent automatically for reference.

SMM9 March 15: recently, PT Ifishdeco Tbk said that in order to achieve good results by the end of this year, the company aims to sell 800000 tons of nickel ore. Company secretary Crystal Pranoto (Christo Pranoto) said that until the first half of 2020, due to various obstacles, from the IFCo nickel export ban to the Covid-19 pandemic to the extended rainy season, sales of the IFSH nickel mine reached only 210548 tons.

Christo said that IFSH has a sales target of 800000 tons for the nickel mine and forecasts net sales of 399 billion rupiah this year based on the existing mineral reference price (HPM). IFSH is also expected to make a net profit of 32 billion rupiah. These figures are forecasts of non-consolidated financial performance.

In addition, he said revenue and profits are expected to improve with the rise in global nickel prices on the London Metal Exchange (LME), followed by an increase in HPM, the minimum selling price for nickel mines. To encourage sales growth, IFSH seeks to establish a better relationship with smelter owners to obtain quotas to supply larger nickel mines at the lowest price based on the applicable HPM.

IFSH is also striving to meet better specifications to meet domestic demand for nickel ore. From an operational point of view, IFSH management uses existing resources to improve the capabilities of heavy equipment units and production personnel. "We are also working to accelerate production, such as repairing mining roads, providing sustainable maritime transport and repairing and improving other operations."

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