ANTM – Realized IDR400 bn capex in 1Q23

The realization of Aneka Tambang (ANTM) capex is still far from this year's budgeted capex of IDR14 tn. This year’s capex is prepared for expansion in the field of EV batteries. Earlier this year, ANTM entered into a material transaction for an EV battery ecosystem development project with Hong Kong CBL (HKCBL) by signing a conditional share sale and purchase agreement. The agreement is based on ANTM's shareholding in Sumberdaya Arindo (SDA) as part of the EV battery development cooperation. (Source : Bisnis Indonesia)