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Jakarta, 27 June 2024 -- PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, an integrated and sustainable nickel mining and processing company, announced its solid financial performance and operational growth, along with dividend distribution. This was conveyed during the Annual General Meeting of Shareholders (AGMS) and Public Expose held today at Sheraton Grand Jakarta Gandaria City Hotel.
During the RUPST, the company reported revenue of Rp23.86 trillion in 2023, a 149.4% increase from the previous year. Additionally, the company recorded a net profit attributable to the owners of the parent company for the 2023 fiscal year of Rp 5.62 trillion, up 20.4% from the previous year. Based on this profit, the company declared a cash dividend of 30% or approximately Rp1.6 trillion. A reserve fund of 0.18% or Rp10 billion was established, while the remaining profit was recorded as retained earnings to support operational and business development activities.
 
In the AGMS, the shareholders also approved the repurchase of shares issued by the company in accordance with Financial Services Authority (OJK) Regulation No. 29 of 2023. The company will allocate a maximum of IDR 1,000,000,000,000 for this share repurchase plan, with the execution period within 12 (twelve) months after obtaining approval.
 
Harita Nickel’s President Director, Roy Arman Arfandy, emphasized the importance of cautious expansion in facing global challenges. "We are committed to continuing wise investments and developing production facilities that can increase the volume and added value of the products we produce. We will maintain a healthy and strong financial position to anticipate future working capital needs," said Roy.
 
During the Public Expose, Roy also presented the company's operational and financial performance, as well as various ongoing development projects. In the first quarter of 2024, mining production reached 5.88 million wet metric tons (wmt), an increase of 38% from the previous year's period. The production came from two operating mines (PT. TBP and PT. GPS), while three other mines (PT. JMP, PT. OAM, and PT. GTS) are still in the exploration stage.
 
The construction of the HPAL (ONC) facility also showed significant progress. The first production line of this second HPAL facility (ONC) has reached full production capacity by the end of May 2024. The second production line started operations in June 2024, while the third line is scheduled to start in August 2024.
 
Harita Nickel, together with its strategic partner, has also established two new companies, PT Bhakti Bumi Sentosa (BBS) and PT Cipta Kemakmuran Mitra (CKM). PT BBS aims to recycle waste materials from HPAL production into valuable commodities, while PT CKM aims to produce limestone into quicklime to reduce production costs from HPAL facilities.
 
Harita Nickel also reaffirmed the company's commitment to sustainability. In terms of governance and reporting standards, various standards and certifications have been met and are currently in process, including the Initiative for Responsible Mining Assurance (IRMA). IRMA is a comprehensive standard for responsible mining and mineral processing, supported by various stakeholders. The company has completed the self-assessment process and is currently undergoing an audit. In addition to IRMA, the company is also registered as an active facility for the Responsible Minerals Assurance Process (RMAP) by the Responsible Minerals Initiative (RMI) and is currently undergoing an audit for assessment.
 
In addition to governance and reporting standards, Harita Nickel also expressed its commitment to integrating sustainability into ecosystem protection and environmental conservation and various community development and empowerment programs. These programs include health services, education, social and cultural activities, and economic initiatives.
 
<h4>Additional information on the AGMS agenda
 </h4>

 One of the agendas decided was the change in the composition of the company's Board of Directors, with the following composition of the Board of Commissioners and Directors approved:
 
Board of Commissioners:
 
<ul><li>Mr. Donald J. Hermanus, as President Commissioner;
 </li><li>Mr. Suryadi Sasmita, as Independent Commissioner; and
 </li><li>Mr. Darjoto Setyawan, as Independent Commissioner.
 </li></ul>
Board of Directors:
 
<ul><li>Mr. Roy Arman Arfandy, as President Director;
 </li><li>Mr. Suparsin Darmo Liwan, as Director;
 </li><li>Mr. Tonny H. Gultom, as Director;
 </li><li>Ms. Lim Sian Choo, as Director; and
 </li><li>Mr. Younsel Evand Roos, as Director.
 </li></ul>
The company will also establish a reserve fund of 0.18% or Rp 10 billion, while the remaining profit will be recorded as retained earnings to support operational activities and business development.
 
The company also presented a report on the realization of the use of funds from the initial public offering (IPO) amounting to approximately Rp 10 trillion, of which Rp 7.7 trillion has been realized.
 
The AGMS also decided on several other agendas, including approval of the company's Annual Report and Ratification of the Audited Consolidated Financial Statements of the Company and its Subsidiaries for the Fiscal Year ending December 31, 2023, the Supervisory Report of the Board of Commissioners for the Fiscal Year 2023, authorization for the Board of Commissioners to appoint a Registered Public Accounting Firm to audit the company's financial statements for the fiscal year ending December 31, 2024, determination of salaries/honoraria and other allowances for the members of the Board of Commissioners and the Board of Directors for the fiscal year 2024, and the Report on the Realization of the Use of Proceeds from the Initial Public Offering.

 
###
 
<h5>About Harita Nickel
 </h5>
PT Trimegah Bangun Persada Tbk (“TBP”) operates an integrated and sustainable nickel mining and processing on Obi Island, South Halmahera, North Maluku. Apart from having an IUP, since 2016, the Company, through its subsidiary entities, has had high-grade nickel ore (saprolite) smelters and low-grade nickel ore (limonite) processing refinery facilities since 2021 in the same operational area. These facilities are present to support the industrialization mandate of the Indonesian government. Harita Nickel is also a pioneer in Indonesia in processing and refining low-grade nickel ore (limonite) using High-Pressure Acid Leach technology. This technology is able to process limonite nickel which has not been used so far, into a product of strategic value, namely Mixed Hydroxide Precipitate (MHP). In the following process, MHP is further processed into nickel sulfate (NiSO4) and cobalt sulfate (CoSO4), which are raw materials used to make electric vehicle batteries.&nbsp;

Harita Nickel Announces IDR 1.6 Trillion in Dividends While Recording a Solid Growth

The sustainable integrated nickel mining and processing technology company on Obi Island, Harita Nickel, distributed 26 sacrificial animals to celebrate Eid al-Adha 1445 H/2024 AD.

Harita Nickel's Head of External Relations, Latif Supriadi, said that the distribution of sacrificial animals is routinely carried out every year as a form of expressing gratitude and showing the company's concern for the communities around its operations.

"Through this year's Eid al-Adha, Harita Nickel wants to share happiness with the community, especially those around our operations, so that they can directly experience the benefits of the company's presence. Hopefully, this activity can strengthen our relationship with the local community," said Latif on Thursday (20/6/2024).

Latif further stated that all the sacrificial animals had been handed over before the Eid al-Adha celebration, which falls on June 17, 2024. Specifically, 18 cows were distributed to villages within Harita Nickel's operational area on Obi Island, which are spread across three sub-districts.

"The sacrificial animals were handed over directly to the imams, the Islamic religious leaders in each village, witnessed by elements of the local village government," he explained.

Meanwhile, he added, 8 other cows were handed over to people in Labuha City, South Halmahera, and Ternate City.

Harita Nickel's concern for the community, especially on Obi Island, has received appreciation from various parties. One of them, Ishak La Puasa, a religious leader in Soligi Village, expressed his thanks to the company for distributing sacrificial animals to the people in his village.

"We really appreciate and are grateful for the efforts that the company has made by providing these sacrificial animals. Of course, we hope that this assistance can be useful and strengthen the relationship between the company and the people of Soligi Village," he said.

Ishak also expressed his appreciation for the company's attention to the Eid al-Adha celebration in Soligi Village.

Apart from distributing sacrificial animals, it is said that the company is also present at the Ngibi arts performance, which is regularly held at the same time as Eid al-Adha. This art performance, which is regularly held every year, is an opportunity to preserve traditions and bring together residents.

This year's Ngibi Dance arts performance was held in the atmosphere of Eid al-Adha celebrations, exactly the day after the people of Soligi Village, who are predominantly Muslim, celebrated the holiday of sacrifice.

Moreover, as one of the villages closest to Harita Nickel's operational area, Soligi Village also has a unique tradition of celebrating Eid al-Adha. The animal to be sacrificed will be fed, bathed, and given perfume. Then, the sacrificial animal will be covered in white cloth and carried around the mosque three times. Only then is the animal slaughtered in accordance with Islamic religious law.

According to Ishak, this tradition has existed since his ancestors and has been passed down from generation to generation.

“This is done as a form of respect and gratitude before the sacrificial animal is slaughtered and distributed to the community. Apart from that, it is also a way to honor Prophet Ibrahim's love for his son, Prophet Ismail,” he concluded.

Eid al-Adha 1445 Hijriyah, Harita Nickel Distributes 26 Sacrificial Animals

Bogor, June 2, 2024 – Hundreds of IPB University students attended a public lecture on environmentally conscious mining given by PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, an integrated sustainable nickel mining and processing company operating on Obi Island, South Halmahera, North Maluku. This public lecture was part of the Harita Nickel Goes To Campus program held at the JH Hutasoit Auditorium, Faculty of Animal Husbandry, IPB University, Bogor, West Java, on Saturday, June 1, 2024.
Harita Nickel's Director of Health, Safety, and Environment (HSE), Ir. Tonny Gultom IPU., ASEAN Eng., was the speaker at the public lecture, which took the form of a talk show with the theme "Mining the Future: Environmentally Friendly and Sustainable Nickel for Indonesia," moderated by IPB University's Land Resource Management Lecturer, Dr. Ir. Iskandar. Tonny Gultom was accompanied by Harita Nickel's Head of External Relations, Latif Supriadi; Green Mining Manager, Dr. Retno Dewi Handayani S. S.Hut., M.Si; Environmental Marine Manager, Windy Prayogo, S.Pi; and Head of IPB University's Research Laboratory of Excellence, Dr. Ir. Irdika Mansur, M.For.Sc.

The audience consisted of IPB University students from the Faculty of Agriculture, Faculty of Forestry, Faculty of Fisheries and Marine Sciences, and the Faculty of Economics and Management.

During the event, Tonny Gultom stated that Harita Nickel adheres to environmental, social, and governance (ESG) principles in all its operations. From an environmental management perspective, Tonny highlighted various reclamation programs to restore the former mining area’s ecological functions.&nbsp;

“In addition to reclamation and revegetation, we also implement other forms of reclamation, such as utilizing former mining land for industrial purposes," Tonny said in front of hundreds of IPB University students.

Moreover, Harita Nickel has taken several measures to maintain the seawater quality in the Kawasi waters near the company's operations. These efforts include regular ecological monitoring, which assesses seawater quality and preserves marine life.

These activities include monitoring the health of coral reefs and other marine biota. One of the initiatives to preserve marine biodiversity is the installation of artificial coral reefs in the form of reef cubes in the waters around Kawasi. These artificial reefs serve as habitats for fish and marine biota to ensure biodiversity is maintained.

Regarding community empowerment, Latif Supriadi stated that Harita Nickel's presence on Obi Island has allowed the local community to grow together. Latif cited several economic development programs, such as the Movement for Independence and Strengthening Village Entrepreneurs (Gemar Papeda) and the development of rice paddies under the Sentra Ketahanan Pangan Obi (Sentani) program in Buton Village. These programs have fostered 65 local suppliers and 26 farmer groups and have created 691 jobs.

“The number of employees on Obi Island is approximately 30,000, consisting of 20,000 Harita Nickel employees and 10,000 contractors. To meet the food needs of our employees, we source supplies from local entrepreneurs, with the highest monthly transaction value reaching IDR 13.2 billion," Latif said.

Meanwhile, IPB University’s speaker, Irdika Mansur, highlighted the potential role of IPB University alums in the mining sector, including Harita Nickel. He says alums from all study programs are highly needed in the mining industry.

“The role of IPB alumni is highly needed in the mining sector, whether in community empowerment, forestry, or the rehabilitation and utilization of former mining lands, such as using former mining lands to cultivate rubber, cocoa, upland rice, and essential oil plants," Irdika explained.

Niko Bakri, a student in the Faculty of Forestry and Environment's Department of Silviculture, expressed positive impressions after attending the event. He admitted to gaining new insights about the mining industry.

“I gained a lot of new insights, realizing that the mining industry is not only for mining engineering students but also very open to students from the Faculty of Forestry, especially in reclamation and revegetation of former mining lands," Niko said.

Similarly, M. Faransani from the Faculty of Agriculture, majoring in Land Resource Management, said he attended the event out of curiosity about environmental management in the mining industry.

“I came to this event because I wanted to know how environmental management is conducted in the mining industry. As we know, the stigma around nickel mining is often negative. This event answered my questions about land reclamation and sustainability, providing new perspectives for me and other students," Faransani said.

Harita Nickel Goes to Campus at IPB University is a collaboration between Harita Nickel and the Student Executive Board (BEM) of IPB University's Faculty of Agriculture. Harita Nickel Goes to Campus is a series of activities held at various campuses in Indonesia to share and enrich students' knowledge about responsible and sustainable nickel mining and processing.

About Harita Nickel

PT Trimegah Bangun Persada Tbk (“TBP”) operates an integrated and sustainable nickel mining and processing on Obi Island, South Halmahera, North Maluku. Apart from having an IUP, since 2016, the Company, through its subsidiary entities, has had high-grade nickel ore (saprolite) smelters and low-grade nickel ore (limonite) processing refinery facilities since 2021 in the same operational area. These facilities are present to support the industrialization mandate of the Indonesian government. Harita Nickel is also a pioneer in Indonesia in processing and refining low-grade nickel ore (limonite) using High-Pressure Acid Leach technology. This technology is able to process limonite nickel which has not been used so far, into a product of strategic value, namely Mixed Hydroxide Precipitate (MHP). In the following process, MHP is further processed into nickel sulfate (NiSO4) and cobalt sulfate (CoSO4), which are raw materials used to make electric vehicle batteries.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfTtexyIi08mdH92g59MX_P4qC_2bUGO_rg4a96RxeQxxLLZ1mdEZeoAiGTTGsizB3WUIXJUknwRvqTliyjcIHxTx1afKdAnnZSjf-biCjmV_PJtYMzhrx7OkqIarRVEfJI3rSSp-lyP_1UzMAaDbn4QaY?key=4567kkdQMmw6d4tcQWGWpQ" width="412" height="274" style="margin: auto; display: block; width: 412px; height: 274px;">
<figcaption class="text-center">Direktur Health, Safety and Environment (HSE) Harita Nickel Ir. Tonny Gultom IPU.,ASEAN Eng menunjukkan salah satu produk turunan nikel yang diproduksi Harita Nickel. </figcaption>
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeyj8DYdNNfEbgU1OPlOZWxx9INOQfz1qfECh3H5qNpKD8uxu5AxjHKMsqB62FdJbLgQs6GRqs0IPzYECK_LHnYTMd9Dyp2KwBSibpiwC8pOJs8rlnYy8bl39QYbTM96cu_nOVZoi7G4g2Cs1V6OHSnqWc?key=4567kkdQMmw6d4tcQWGWpQ" width="413" height="275" style="margin: auto; display: block; width: 413px; height: 275px;"> 
<figcaption class="text-center">Head of External Relations Harita Nickel Latif Supriadi, memberikan pemaparan terkait peran Harita Nickel dalam memberdayakan masyarakat sekitar.</figcaption>

Harita Nickel Goes To Campus: Sharing Knowledge on Sustainable Mining with IPB University Students

Jakarta, May 31, 2024 - PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, an integrated and sustainable nickel mining and processing company, has received two awards at the TOP CSR Awards 2024 ceremony held at the Raffles Jakarta Hotel on Wednesday, May 29, 2024. Harita Nickel, operating on Obi Island, North Maluku, received the TOP CSR Award with a 4-star rating and the TOP Leader on CSR Commitment 2024, presented to the President Director of Harita Nickel, Roy A. Arfandy.
Achmad Daniri, chairman of the TOP CSR Awards 2024 Jury, stated that the awards were given after a series of assessments consisting of five main criteria. The award for the Top Leader on CSR Commitment 2024 category is given to appreciate the company leadership's commitment to CSR programs.

"This is an award given to company leaders assessed to have a high commitment to supporting CSR policies and implementation in their companies," said Daniri.

On this occasion, Harita Nickel's Head of External Relations, Latif Supriadi, conveyed that both awards are tangible evidence of the company's commitment to developing and implementing innovative CSR programs. Latif added that Harita Nickel's presence on Obi Island, North Maluku, opens opportunities for the community to grow together.

"This is why we are committed to empowering the local community by involving them as integral partners in our supply chain. By empowering and engaging the community as local suppliers, we create a strong bond between business sustainability and local economic growth," said Latif after receiving the award.

Latif cited one of the economic development programs, the Independence and Empowerment Movement for Village Entrepreneurs (Gemar Papeda). Through this program, 65 local suppliers and 26 farmer groups have been nurtured, leading to the creation of 691 jobs. The company's monthly transaction value from local suppliers reached Rp 13 billion.

Meanwhile, in his speech, the chairman of the TOP CSR Awards 2024 organizers, M. Lutfi Handayani, expressed that these awards contain many shared learning processes to enhance the quality and effectiveness of company CSR. This year, 190 registered companies attended the event, with 152 companies undergoing complete assessments.

The TOP CSR Awards 2024 event is organized by Top Business Magazine in collaboration with several leading institutions in Indonesia, including the Indonesian Governance Professionals Association (PaGI), the Indonesian CSR Association, Corebest (CSR Consultant & Training Institute), Interdev (CSR Consultant & Training Institute), LKN (Nawacita Study Institute), PAKEM (Microfinance Development Foundation), SDP (PT Sinergi Daya Prima/GCG Consultant), and Solusi Kinerja Bisnis (SKB).

Harita Nickel Earns Double Honors for  Innovative CSR Program on Obi Island

Jakarta, 8 Mei 2024 --&nbsp;PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, an integrated and sustainable nickel mining and processing company, secured five awards at the Corporate Social Responsibility (CSR) and Sustainable Village Development (PDB) Awards 2024 held at The Westin Hotel Jakarta on May 7, 2024. The awards were presented by the Vice President of the Republic of Indonesia (RI VP) Ma'ruf Amin and the Minister of Villages, Development of Disadvantaged Regions, and Transmigration (Mendes PDTT) Abdul Halim Iskandar.
From these five awards, Harita Nickel received two for the CSR & Sustainable Village Development program category, two for the individual category with the Excellent title received by Darwan Aduhasan, as the secretary of BUMDes Batu Putih in Buton Village, and individual category with the Outstanding title received by Lukmanul Hakim, as the Agriculture Foreman of Harita Nickel for his role in developing the farmer groups. Apart from that, Harita Nickel also received The Best Silver Achievement award.

Regarding these awards, Latif Supriadi, Head of External Relations Harita Nickel, stated that the achievement reflects the company's commitment and contribution to fostering the growth of village-owned enterprises (BUMDes) and development in the villages around Harita Nickel's operational area.

"We are committed to continuing to support the empowerment of villages, which is the main goal of the Harita Nickel CSR program, directly impacting the economy of the communities in our operational area. The awards are a testament to the program's success and joint efforts to accelerate the development of the villages," said Latif after receiving the awards.

Latif further exemplified that one of Harita Nickel's programs, Buton Sentani (Sentra Ketahanan Pangan Obi), has successfully enhanced the productivity of farmer groups nurtured by Harita Nickel. He mentioned that Harita Nickel, along with the village government, Agricultural Extension Centers, and Bumdes, provided cultivation guidance and support for agricultural facilities and infrastructure to several farmer groups.

Latif added that the company then purchases rice produced from the Sentani program to fulfill the catering needs of Harita Nickel. "The volume of transactions between the community and Harita needs to be increased. Thus, there are still many opportunities for the community to collaborate and potentially become suppliers," added Latif.

Meanwhile, Darwan Aduhasan, the secretary of BUMDes Batu Putih in Buton Village, admitted to collaborating with Harita Nickel since 2021. Darwan stated that the horticulture and food security program in five villages on Obi Island has since developed.

"One example is our rice fields, which initially spanned 3 hectares and have now expanded to 30 hectares. The horticulture crops, which initially covered 1 hectare, have now grown to 5 hectares in each village," said Darwan after receiving the award from th Vice President.

In his speech, Vice President of the Republic of Indonesia Ma'ruf Amin stated that village development is one of the government's focal points for realizing a balanced, developed, and equitable national economic structure. He hoped that the villages, as the smallest governance unit, could become nodes for driving the economic development of the community.

At the same event, Minister of Villages, Development of Disadvantaged Regions, and Transmigration (Mendes PDTT) Abdul Halim Iskandar highlighted the importance of Village-Owned Enterprises (BUMDes) in enhancing the welfare of village residents. This crucial role has been evidenced by the various achievements of BUMDes since the government began focusing on their development in 2021.

The CSR and PDB Award 2024 is an accolade awarded to companies, NGOs, and individuals for their services in accelerating village development through the involvement and development of BUMDes/BUM Desma and other CSR activities. This award is now in its third year and is conducted by the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration in cooperation with the Indonesian Social Sustainability Forum (ISSF).

Accelerating the Development of Obi Island Villages, Harita Nickel Sweeps Five CSR and Sustainable Village Development Awards

Jakarta, 28 March 2024 -- PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, a sustainable nickel mining and processing company, today announced its financial achievements for the fiscal year ending December 31, 2023. Amid global challenges, such as the decline in nickel prices and macroeconomic uncertainty, Harita Nickel continued to record strong growth, driven by increased production and operational efficiency.
In 2023, the profit attributable to the owners of the parent entity was IDR 5.62 trillion, up from IDR 4.67 trillion the previous year, marking a 20% growth. This growth reflects effective operational management and stable growth amid a fluctuating market, with a Compound Annual Growth Rate (CAGR) for profit attributable to the owners of the parent entity reaching 170% since the 2020 fiscal year.
 
Moreover, overall in 2023, Harita Nickel recorded revenue of IDR 23.86 trillion, up by 149% from the previous year, and a gross profit of IDR 8.28 trillion, an increase of 77% compared to the previous year.
 
This growth was also driven by increased sales volumes from the nickel ore processing business, including the new smelter PT Halmahera Jaya Feronikel (HJF), a pyrometallurgical-based saprolite (high-grade nickel ore) smelting facility producing ferronickel, and additional production lines from <a href="https://hpalnickel.com/" target="_blank">PT Halmahera Persada Lygend (HPL),</a> a hydrometallurgical-based limonite (low-grade nickel ore) refining facility producing raw materials for electric vehicle batteries. 
From the mining business, Harita Nickel recorded increased nickel ore sales volume of 98%, reaching 15.38 million wmt (wet metric tons), compared to 7.77 million wmt in 2022. This volume consisted of 6.30 million wmt of saprolite, up 235% from 1.88 million wmt, and 9.08 million wmt of limonite, an increase of 54% from 5.89 million wmt.
 
From the nickel processing business, in F23 Hartia Nickel also recorded a 300% increase in ferronickel production, from 25,372 tons in 2022 to 101,538 tons in 2023, and a 50% increase in MHP (mixed hydroxide precipitate) production, a raw material for electric vehicle batteries, from 42,310 tons in 2022 to 63,654 tons in 2023. This also reflects the company's strategic focus on expanding its production capabilities and strengthening its market position.
 
<a href="https://tbpnickel.com/about-us/management-profile" target="_blank">Roy Arman Arfandy</a>, President Director of PT Trimegah Bangun Persada Tbk or Harita Nickel, stated, "Amid challenging market conditions throughout 2023, Harita Nickel continued to strive for growth. Our financial results in 2023 reflect our team's joint effort, with support from all stakeholders, in facing market volatility with robust and adaptive strategies, including driving innovation and improving operational efficiency, especially with the mining and production processes located at an integrated site on Obi Island, South Halmahera. We remain committed to enhancing efficiency and consistent development to ensure we are well-positioned to face the industry's dynamics moving forward."
 
Harita Nickel's commitment to operational excellence and innovation plays a crucial role in optimizing the production process, reducing costs, and driving growth. The strategic expansion of production capabilities allows Harita Nickel to meet the increasing demand for nickel, especially in the electric vehicle battery sector. This includes the operation of the second limonite refining facility with HPAL technology from Obi Nickel Cobalt (ONC), which is expected to begin operations this year. The achievements in the fiscal year 2023 are evidence of the company's commitment to consistent and responsible growth, as well as creating long-term value for all stakeholders.
 
###
 
About Harita Nickel
 
PT Trimegah Bangun Persada Tbk (“TBP”) operates an integrated and sustainable nickel mining and processing on Obi Island, South Halmahera, North Maluku. Apart from having an IUP, since 2016, the Company, through its subsidiary entities, has had high-grade nickel ore (saprolite) smelters and low-grade nickel ore (limonite) processing refinery facilities since 2021 in the same operational area. These facilities are present to support the industrialization mandate of the Indonesian government. Harita Nickel is also a pioneer in Indonesia in processing and refining low-grade nickel ore (limonite) using High-Pressure Acid Leach technology. This technology is able to process limonite nickel ore which has not been used so far, into a product of strategic value, namely Mixed Hydroxide Precipitate (MHP). In the following process, MHP is further processed into nickel sulfate (NiSO4) and cobalt sulfate (CoSO4), which are raw materials used to make electric vehicle batteries.&nbsp;

Amidst Uncertain Global Economy, Harita Nickel Continues to Grow and Perform Strongly in 2023