PT United Tractors Tbk : United Tractors has Completed the Transaction to Acquire 19.99% Shareholding in Nickel Industries Limited (NIC)
September 21, 2023 at 09:04 pm EDT
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On 21 September 2023, PT United Tractors Tbk ("the Company"), through its wholly owned subsidiary PT Danusa Tambang Nusantara ("DTN"), has completed its transaction with Nickel Industries Limited ("NIC") to subscribe for 857 million new ordinary shares issued by NIC. The total value of the transaction is AUD$942.7 million.
NIC is a leading integrated nickel mining and processing company with its key assets located either within or in close proximity to the Indonesia Morowali Industrial Park ("IMIP"), Sulawesi and the Indonesia Weda Bay Industrial Park ("IWIP"), Halmahera. It has an 80% stake in PT Hengjaya Mineralindo (nickel mine) which is one of the largest suppliers of limonite and high-grade saprolite ore to the IMIP. NIC owns and operates majority stakes in twelve Rotary Kiln Electric Furnace ("RKEF") lines.
Quoted from Half Year 2023 Reports disclosed by NIC, as of first semester of 2023, NIC had produced 59,957 tons of nickel metal which consisted of 49,792 tons of Nickel Pig Iron (NPI) and 10,165 tons of nickel matte from its smelter facility and had mined 5.2 million wet metric tons (wmt) of nickel ore which consisted of 1.4 million wmt of saprolite ore and 3.8 million wmt of limonite ore from Hengjaya nickel mine.
The Company's strategic action in acquiring a 19.99% stake in NIC serves as one of important steps for the Company in its business diversification and expansion in mineral industry.
Untuk keterangan lebih lanjut, silahkan menghubungi:
Sara K. Loebis
Head of Corporate Governance and Sustainability Division
PT United Tractors Tbk
Corporate Secretary: Sara K. Loebis
Email: ir@unitedtractors.com
Address : Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910
PT United Tractors Tbk published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2023 01:03:10 UTC.
PT United Tractors Tbk is engaged in various business activities, including sales and rental of heavy equipment (Construction machineries) and the related after sales services; mining and mining contracting; engineering, planning, assembling, and manufacturing components of machinery, tools, parts, and heavy equipment; vessel construction and vessel related repair services; vessel charter and shipping services; construction industry; power plant, and fishery industry. Its segments include construction machinery, mining contracting, coal mining, gold mining construction industry and energy. The construction machinery segment includes sales and rental of heavy equipment and after sales services. The mining contracting segment offers mining services to mining concession holders. The coal and gold mining segment focuses on the mining and selling of coal and gold. The construction industry segment provides construction services. Energy segment provides services and sales related to energy.
PT UNITED TRACTORS TBK 
