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PT IFISHDECO Tbk

IFSH.JK

PT IFISHDECO Tbk

IFSH.JK

https://youtu.be/hXUVCYR7fMQhttps://youtu.be/LtTt3delORE

PT IFISHDECO TBK, Ticker: (IFSH.JK) is an IDX listed vertically integrated nickel mining company on the Indonesia Stock Exchange. IFSH is headquartered in Sahid Sudirman Centre 42nd floor, Jalan Jend Sudirman, Jakarta, Indonesia and has a branch office located in Kendari, Southeast Sulawesi, Indonesia.

In 1992, PT IFISHDECO acquire land in Tinanggea, South Konawe, Sulawesi for the development of cashew plantations. However, the business stopped in 1999. From 2004 to 2005, the company resume the business of developing cashew plantations.

However, the yield from the cashew plantation was not optimal as the soil condition had high degree of acidity. In 2008, the company received information that underneath the land, the soil had high mineral content.

The company submitted a mining business permit in the year Mining Exploration Authorization / Exploration was issued which was upgraded 2 (two) years later to become Production Operation Mining Business License.

In 2019, the company signed a strategic partnership to construct an additional 2 lines of Rotary Kiln Electric Furnace (RKEF) to produce Ferronickel (FeNi). In 2019, the government provided an additional export quota to the company, thus the total is 2,500,000 MT. On 5th December 2019, PT IFISHDECO TBK was listed on the Indonesian Stock Exchange under (IFSH).


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