PT Sumber Mineral Global Abadi

What PT Sumber Mineral Global Abadi does

PT Sumber Mineral Global Abadi Tbk (IDX: SMGA) is an Indonesian commodity trading company focused on nickel, coal, limestone, and silica sand for domestic industrial buyers and export markets. The company sells low-calorie coal (ICI 5-equivalent) to Indonesian power plants and supplies nickel ore and limestone to nickel processing smelters, particularly in the Morowali Utara region of Central Sulawesi. It holds three Mining Business Permits (IUP-OP) covering metallic minerals, coal, and non-metallic minerals, and operates a wholly-owned subsidiary, PT Jasatama Mandiri Sukses (JMS), which mines limestone to supply smelters in Morowali Utara. Quality control is enforced through manual testing, calibrated machinery, and routine performance audits, with customization offered on a per-customer basis.

SMGA generates revenue on a transaction-fee, quote-based pricing model tied to commodity volumes and prevailing market prices. The company sells directly to enterprise buyers — smelters, power plants, and manufacturers — through secured contracts and direct sales relationships, without disclosed digital channels. It was founded in 2016, listed on the Indonesia Stock Exchange on January 30, 2024, raising Rp 183.75 billion at a post-money valuation of Rp 918.75 billion, and is controlled by parent company PT Sumber Global Energy Tbk (SGER), a coal trading group with 15+ years of commodity trading experience.

Post-IPO, SMGA is transitioning from pure trading into an integrated mining and processing operator. Announced initiatives include the acquisition of a nickel mine in Morowali Utara (planned production of 50,000-100,000 tons per month from Q3 2024), ramp-up of limestone production through JMS, and construction of a nickel smelter using High Pressure Acid Leaching (HPAL) or oxygen-enriched side-blown furnace technology targeted for 2026. The strategic intent is to capture value across the nickel and EV battery materials value chain while leveraging proximity to Indonesia's largest nickel processing hub.

Name

PT Sumber Mineral Global Abadi

Legal name

PT Sumber Mineral Global Abadi Tbk

Website

https://smgagroup.com

Company type

Public

Founded year

2016

Operating status

Operating

Short description

PT Sumber Mineral Global Abadi is an Indonesian commodity trader selling nickel, coal, limestone, and silica sand to domestic smelters, power plants, and manufacturers, with growing vertical integration into mining and planned nickel smelting.

Ownership category

akta.pro rank

Product category

Mineral Commodities Trading

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Other Nonmetallic Mineral Mining and Quarrying (212390), Industrial Sand Mining (212322)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)

akta.pro secondary industries

Industrial Sand (Silica Sand for Foundry, Glass & Industrial Uses) (IMAKAHAK), Minerals & Ores Bulk Storage (Non-hazardous) (TLALAIAD)

Keywords

• Nickel ore trading
• Coal commodity trading
• Limestone mining supply
• Silica sand trading
• Mineral commodities wholesale

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Nickel Trading: Trading of nickel ore and products for domestic and export markets, serving stainless steel and EV battery industries.
2. Coal Trading: Trading of low-calorie coal (equivalent to ICI 5) for domestic power plants and industrial use.
3. Limestone Trading: Trading of limestone for nickel ore processing industry, used as flux material to remove impurities like silica and phosphorus.
4. Silica Sand Trading: Trading of silica sand products for industrial applications.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

PT Sumber Mineral Global Abadi trades nickel, coal, limestone, and silica sand sourced from IUP-compliant mines for domestic Indonesian industrial buyers including nickel smelters and coal-fired power plants. Through its subsidiary PT Jasatama Mandiri Sukses (JMS), the company also operates limestone mining in Morowali Utara to supply flux material for nickel ore processing.

Product overview

PT Sumber Mineral Global Abadi operates as a commodity trading company focused on nickel, coal, limestone, and silica sand for both domestic and export markets. The company trades mining products sourced from IUP-compliant mines through its supplier network, with an integrated subsidiary PT Jasatama Mandiri Sukses (JMS) engaged in limestone mining. Future plans include nickel smelter construction using HPAL and oxygen enriched side-blown furnace technologies. The company provides quality-controlled, customized mineral products with strict quality control throughout the supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Nickel Trading
• Coal Trading
• Limestone Trading
• Silica Sand Trading

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and major.

• PT Jasatama Mandiri Sukses (JMS)coreStrategic or Co-development Partner · 30 January 2024Subsidiary of SMGA operating in limestone mining. JMS will develop limestone mining in Morowali Utara area to supply smelters with limestone for nickel ore processing. Production planned to start Q1 2024.
• Nickel Mine in Morowali UtaramajorStrategic or Co-development Partner · 30 January 2024Planned acquisition of nickel mine in Morowali Utara, Central Sulawesi in Q2 2024. Mine expected to produce 50,000-100,000 tons of nickel ore per month starting Q3 2024. Transaction is material but below 50% of equity, not requiring shareholder approval.
• IUP-OP Owners (Coal)majorStrategic or Co-development Partner · 30 January 2024Owners of Mining Business Permits for Operations and Production (IUP-OP) who are contracted suppliers of low-calorie coal (equivalent ICI 5) for SMGA's domestic power plant customers.
• Smelters in Morowali UtaramajorChannel Partner/ Reseller/ Distributor · 30 January 2024Nickel processing facilities in Morowali Utara region that are customers for SMGA's limestone supply from subsidiary JMS. Multiple smelters in the area require limestone for nickel ore processing.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PT Bukit Asam Tbk (PTBA): Indonesian state-owned coal miner and trader listed on IDX. Directly comparable to SMGA's coal trading vertical with similar domestic Indonesian power-plant customer base.
• PT Indo Tambangraya Megah Tbk (ITMG): Indonesian coal miner and exporter with operations serving both domestic and export markets. Comparable to SMGA's coal trading business targeting industrial/power-generation customers.
• PT Aneka Tambang Tbk (ANTM): Indonesia's diversified state-owned mineral miner producing nickel, gold, and other minerals. Comparable across SMGA's nickel ore trading line with strong Indonesian mineral franchise overlap.
• PT Merdeka Battery Materials Tbk (NCKL): Indonesian nickel miner/refiner focused on EV-battery raw materials via HPAL technology. Comparable to SMGA's planned nickel integration into mining and HPAL-based smelting in Morowali.
• PT Golden Energy Mines Tbk (GEMS): Indonesian coal producer and exporter with growing metallurgical coal exposure. Comparable domestic and regional coal-trading customer base to SMGA.
• PT Harum Energy Tbk (HRUM): Indonesian diversified mining company with coal, nickel, and bauxite operations. Comparable multi-commodity trading profile to SMGA's nickel-coal-limestone approach.
• PT Cita Mineral Investindo Tbk (CITA): Indonesian mineral commodity trading and mining company. Closest pure trading-model peer to SMGA with similar Indonesia-focused mineral trading scope.

Broad incumbents

• PT Adaro Energy Indonesia Tbk (ADRO): One of Indonesia's largest coal producers with integrated mining, trucking, and trading operations including growing nickel exposure via Halmahera. Larger scale but overlaps with SMGA's coal trading vertical and Indonesian smelter exposure.
• PT Vale Indonesia Tbk (INCO): Major integrated nickel miner and processor in Indonesia with long-standing operations at Sorowako. Comparable nickel ore production profile to SMGA's planned Morowali mining operations.

Regional players

• PT Astrindo Nusantara Infrastruktur (BUMI): Indonesian coal and natural resource group with broad commodity and infrastructure exposure. Operates in adjacent commodity trading and mining categories to SMGA.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Sumber Mineral Global Abadi