PT Ifishdeco (IFSH) Nickel Ore Sales Target In 2020 Is 800,000 Wet Tons

Christo Pranoto, company secretary of PT Ifishdeco Tbk (IFSH), said that due to the nickel export ban and the global outbreak, the sales of IFSH nickel ore in the first half of 2020 were only 210,548 wet tons.

Christo said that IFSH’s 2020 nickel ore sales target is 800,000 wet tons. Based on the existing mineral reference price (HPM) forecast, this year’s net sales are expected to reach 399 billion rupiah and a net profit of 32 billion rupiah.

In order to increase sales, IFSH strives to establish a better relationship with stainless steel pipe fittings supplier in order to obtain a larger supply of nickel ore quotas at the lowest price based on the applicable HPM.

From an operational perspective, IFSH management uses existing resources to improve the capabilities of heavy equipment units and production personnel.

Christo concluded: “We are also working hard to speed up production, such as repairing mining roads, providing sustainable maritime transportation, and other operational repairs and improvements.”