Aneka Tambang Qualitative Assessment ● Shareholders PT Indonesia Asahan Aluminum 65% Public 35% Board of Directors Nicolas D.Kanter President Director He previously held several key positions as head of Country BP Indonesia(2007-2009), Independent Commissioner of PT Vale Indonesia Tbk(2009-2011) and President Director of PT Vale Indonesia Tbk(2011-2021). I Dewa Wirantaya Director of Operations and Production He previously held several key positions in PT Vale Indonesia Tbk as General Manager Engineering, Maintenance & Capital Project (2019-2020) and General Manager Health, Safety and Operational Risk(2020Dec 2021) Dolok Robert Silaban Director of Business Development He previously held several key positions in PT ANTAM Tbk as Strategic Operation Lead Specialist, Vice President Marketing and Sales, Senior Vice President Antam Tokyo Representative Office and President Director of PT Indonesia Chemical Alumina. Elisabeth RT Siahaan Director of Finance and Risk Management She previously held several key positions in PT Bank Mandiri(Persero) as Non Executive Director Bank Mandiri (Europe), Senior Vice President(SVP) International Banking and Financial Institution(2018-2021) and SVP Corporate Banking 3 Group(20162018) Basar Simanjuntak Director of Human Resources He previously held several key positions as President Director of PT Amsecon Berlian Sejahtera(1997-2016), Director of Perdana Consulting(2002-2005), Owner and Chief Commissioner of Prosys Bangun Persada(1999-2005) and Marketing Director of Lake Toba Tourism Authority(2016-2021) ● Business Model: Add market share of Exports and imports ○ ANTAM, member of MIND ID (Mining Industry Indonesia), the SOE's Holding Mining Industry is a vertically integrated, export-oriented, diversified mining and metals company. With operations spread throughout the mineral-rich Indonesian archipelago, ANTAM undertakes all activities from exploration, excavation, processing through to marketing of nickel ore, ferronickel, gold, silver, bauxite and coal. ○ The company has long term loyal blue chip customers in Europe and Asia. Due to the vastness of the company's licensed exploration areas as well as its known large holdings of high quality reserves and resources, ANTAM has formed several joint ventures with international partners to profitably develop geological ore bodies into profitable mines. ● Industry: Mining Sector ○ Most of the mining commodities produced in Indonesia are nickel, gold, silver, bauxite, copper concentrate, copper ore, and tin. ○ Based on the data from Statistics Indonesia(BPS), the top three export destinations for mining exports are China, Japan, and Australia. ○ The import for mining products is dominated by the imports of Aluminium and Copper articles and thereof, specifically in 2021 with the import value of USD 1.56 billion for copper articles and USD 2.08 billion aluminum. ● References: ○ www.antam.com ○ https://bsd-kadin.id/2022/06/22/indonesias-mining-sector-in-brief/