ANTM’s Subsidiary Under Scrutiny Over Raja Ampat Mining Operation

Key Summary:
- GAG under scrutiny over its Raja Ampat mining activities
- Ministry of ESDM has temporarily suspended its operation
- Unlikely to affect ANTM's share price in the long-term
PT Gag Nikel (GAG), a wholly-owned subsidiary of Aneka Tambang (ANTM), recently came under scrutiny across Indonesian social media following protests by Greenpeace over its nickel mining activities in Raja Ampat.
Amid the backlash, the Ministry of Energy and Mineral Resources (ESDM) has temporarily suspended GAG’s nickel mining activities in the Raja Ampat region until further notice.