SINGAPORE – 2 November 2017 – PT Sambas ASMC Global (SAG) is pleased to announce that its long awaited Quota for the Export of Nickel Laterite Ore has been formally awarded by MINERBA, effective 31 October 2017.
SAG will under this Quota, have the right to export 2.97-million MT of nickel-laterite ore per year.
While awaiting the award of the Quota, SAG kept its operations in care and maintenance, hence the company will be able to start shipping operations to its clients immediately. Resumption of the Companies’ Ferro-nickel smelter near Torobulu will also resume this month.
Mr Anton Tarigan, Chairman of the Board of SAG said; “this is a great day for us, it was difficult getting through three years’ export ban but the time has come! Our nickel operations will come out of hibernation and resume exports immediately in order that we can get the building of our nickel smelter back on track as soon as possible.” ASMC MD, Mr. Ishak Basheere commented, “the award of our quota vindicates our belief in a sound mining project, and we are excited for operations to get underway again.”