PT Harum Energy Tbk.

Harum Energy is a holding company with a portfolio of business in coal, mineral and logistic sectors

 

Harum Energy was established in 1995 under the name PT Asia Antrasit, which name was later changed to PT Harum Energy in 2007.  Harum Energy listed its shares in the Indonesia Stock Exchange since October 6, 2010.

 

Harum Energy is engaged in holding company activities, investment activities, mining, trading, industrial and management consultancy activities. As a holding company, Harum Energy, through its subsidiaries and associated entities, operates a business portfolio of coal mining; nickel mining, processing and refining; as well as logistics.

 

A vertically integrated production chain is one of Harum Energy’s competitive advantage over other companies in similar industries which allow it to maintain operational efficiency and thrive in every commodity business cycle, both in domestic and international markets. This is supported by the availability and ownership of transport road network, processing facilities, loading ports, as well as fleet of tugboats and barges, which complement the operations carried out by the Company.  

 

Since 2020, Harum Energy began a business transformation by diversifying into nickel mining as well as nickel processing and refining business. This business diversification is in line with the global energy transition effort where such effort is expected to maintain business stability and sustainability, thereby enhancing value for stakeholders. In implementing the strategy, Harum Energy established PT Tanito Harum Nickel in 2020 as a sub-holding entity for its nickel business portfolio, where the nickel mining, nickel processing and refining business is carried out through PT Tanito Harum Nickel’s direct subsidiaries. Harum Energy’s nickel business portfolio also benefits from its vertically integrated production chain, and support from the relatively close proximity of the nickel mining concession to the nickel processing and refining facilities.

Harum Energy’s nickel mining concession is located in East Halmahera

Harum Energy’s nickel mining operation is carried out through its subsidiary, PT Position (POS). The mine resources at POS is estimated at around 215 million tons of nickel ore, comprising limonite ore of approximately 92 million tons (Ni 1.21%) and saprolite ore of approximately 123 million tons (Ni 1.56%).

 

Harum Energy’s nickel processing and refining facilities are located in Central Halmahera

In line with the Indonesian Government policy to develop the mineral downstream industry through processing and refining activities, Harum Energy assures that its extracted nickel ore is processed and refined into valuable products. Harum Energy produces nickel pig iron, nickel matte, and in the future, mixed hydroxide precipitate through its subsidiaries namely PT Infei Metal Industry (IMI), PT Westrong Metal Industry (WMI) and PT Blue Sparking Energy (BSE), and through an associated entity namely PT Sunny Metal Industry (SNMI).

 

Mine Location

East Halmahera (POS)