- Business
- PT Adhi Kartiko Pratama Tbk (NICE.JK) operates as an Indonesia-based nickel mining company focused on the extraction and production of nickel ore, a key material used in stainless steel, superalloys, electric vehicle batteries, magnets, coinage, and other applications; the company also provides sea port services including terminal operations, ports and docks, navigation, cargo inspection, shipping and docking, mooring, and guidance services for water transportation of passengers, animals, or goods; industrial estate services encompassing land operations for centralized industrial activities; and analytical and technical testing services such as laboratory safety and security operations, technical testing with ionizing radiation sources, proficiency testing, and reference material production. Founded in 2008 and headquartered in Kendari, Southeast Sulawesi, Indonesia, the company conducts its primary mining operations at the Lameruru Village site in North Konawe Regency, with a mine area of 975 hectares strategically located near the coast and accessible by land or sea from Kendari City; it serves the diversified metals and mining industry, targeting customers in steel fabrication, battery manufacturing, and related sectors primarily within Indonesia. PT Adhi Kartiko Pratama Tbk listed on the Indonesia Stock Exchange in January 2024 and maintains subsidiaries or investment relationships including being a subsidiary of PT Energy Battery Indonesia, with recent major developments encompassing a 60% stake acquisition by LX International in January 2024 for approximately USD 99.8 million to bolster nickel supply for secondary batteries, followed by an investment initiation by Banpu in the first half of 2025 marking entry into the strategic minerals sector for clean energy supply chain strengthening, alongside employee growth to 446-515 staff reflecting operational expansion.