- CEO
- Muhammad Ishaq
- Full Time Employees
- 236
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- Wisma Nugra Santana Building Jakarta Pusat Indonesia 10220
- IPO Date
- Dec 5, 2019
- Business
- PT Ifishdeco Tbk PT Ifishdeco Tbk (IFSH.JK) operates as an integrated nickel mining company engaged in the exploration, development, production, transportation, trading, and sales of nickel ore and silica ore; through its subsidiary PT Bintang Smelter Indonesia, it processes, transports, trades, and sells nickel pig iron (NPI) and ferronickel alloy (FeNi). The company manages mining concessions totaling 2,580 hectares, including 800 hectares under operation/production permits in Tinanggea, South Konawe Regency, Southeast Sulawesi, Indonesia, supplying raw materials to multinational smelters operating domestically and internationally. Headquartered on the 42nd floor of Sahid Sudirman Center in Jakarta, with a branch office in Kendari, Southeast Sulawesi, PT Ifishdeco Tbk traces its origins to 1971, initially in fisheries before pivoting to agribusiness plantations in 1989 and discovering nickel and iron deposits on former cashew lands between 2005 and 2008, leading to a Nickel IUP Exploration Mining License in 2008, an upgrade to operation/production permit in 2010, and commercial nickel ore sales starting in 2011.
In recent developments, PT Ifishdeco Tbk pursued capital strengthening through a planned rights issue of up to 425 million new shares, equivalent to 20% of issued capital, approved at an Extraordinary General Meeting of Shareholders on April 30, 2024, to attract local and foreign investors for nickel mining business expansion and acquisitions. The company maintains focus on critical minerals downstream industrialization aligned with Indonesian government clean energy objectives, operating across nickel mining and processing, silica mining, and mining services segments without reported new partnerships, product launches, or reorganizations in 2024-2025.