Analysis of Financial Performance of Mining Industry PT Antam TBK 2021-2023

This study aims to analyze the financial performance of PT ANTAM Tbk, a state-owned mining company in Indonesia, from 2021 to 2023. The study uses financial ratio analysis, Du Pont analysis, and Economic Value Added (EVA) analysis to measure the profitability, efficiency, solvency, and value creation of the company. The study also compares the financial performance of PT ANTAM Tbk with other similar mining companies in Indonesia. The results show that PT ANTAM Tbk has improved its financial performance in 2021, mainly due to the increase in nickel and gold prices and the recovery of demand after the COVID-19 pandemic. However, the company still faces some challenges in the future, such as price volatility, geopolitical risks, environmental regulations, and stakeholder expectations. The study suggests that PT ANTAM Tbk should leverage its strong financial position to invest in critical minerals and low-emissions technologies that are essential for the energy transition and sustainable development.