Lembar Fakta $NCKL: Pertanyaan Tentang Nilai #BersihkanIndonesia

This fact sheet by Trend Asia criticizes the April 2023 Initial Public Offering (IPO) of PT Trimegah Bangun Persada Tbk (NCKL), a subsidiary of Harita Group. The document alleges that the company's nickel mining and smelting operations on Obi Island cause severe environmental degradation, human rights violations through forced relocation, and workplace fatalities, while relying on coal-fired power plants that contradict international climate commitments.

• PT Trimegah Bangun Persada Tbk (NCKL) launched an IPO in April 2023 with a share price of 1,250 rupiah, aiming to raise approximately Rp10 trillion ($669.79 million). The company targets 100% revenue growth in 2023, and the IPO is expected to increase the net wealth of owner Lim Hariyanto Wijaya Sarwono from $1.1 billion to between $4.6 billion and $4.8 billion.
• Harita Group's operations on Obi Island have caused significant environmental damage, including the discharge of nickel waste into the sea, which has turned the water reddish-brown. One water sample from the Todoku River reached 0.056 mg/l, exceeding the safe limit for marine biota of 0.05 mg/l. Additionally, the company has planned to dispose of 6 million tons of nickel slag annually via Deep-sea Tailings Disposal (DSTD).
• The company's activities have led to social and economic disruptions, specifically in Kawasi village, where water sources are no longer accessible due to mining sediment. Residents face forced relocation to 'Eco Village' (approximately 5 km south of Kawasi), which the document claims uproots the community from their cultural and historical lands.
• Harita Group utilizes coal-fired power plants (PLTU) to power its nickel processing plants in Kawasi. Currently, 210 MW are operational, with a target of 4,200 MW total capacity on Obi Island. The document asserts this violates President Xi Jinping's 2021 commitment that China would not build new coal plants abroad, as PT Halmahera Persada Lygend (HPL) is a joint venture with China's Ningbo Lygend.
• Workplace safety records at Harita Group contradict the company's claims of zero fatalities. Between 2019 and 2023, media reports recorded 8 accidents resulting in two deaths and five injuries.
• The IPO involves several international financial institutions whose participation is framed as a violation of their own climate commitments. Investors include Glencore International AG (Paris Agreement) and Fidelity International (Net-Zero Asset Managers). Six of the seven underwriters—Credit Suisse Group, BNP Paribas, Citigroup, DBS, OCBC Securities, and UOB Kay Hian—are members of the Net-Zero Banking Alliance.
• Between 2019 and September 2022, Harita Group generated Rp29.8 trillion in revenue from selling processed nickel to companies in China (Lygend Resources & Technology, Ningbo Lygend Wisdom, Ningbo Lygend Mining, Spring Treasure Global), Singapore (Guang Xing Trading, Trafigura Asia Trading), Sweden (Minmetals North-Europe AB), and Switzerland (Glencore International AG).

APA

Trend Asia (n.d.). Lembar Fakta $NCKL: Pertanyaan Tentang Nilai #BersihkanIndonesia. https://trendasia.org/wp-content/uploads/2023/04/PRINT-Factsheet-Harita-group-IPO-17042023.pdf

Chicago

Trend Asia. Lembar Fakta $NCKL: Pertanyaan Tentang Nilai #BersihkanIndonesia. n.d. https://trendasia.org/wp-content/uploads/2023/04/PRINT-Factsheet-Harita-group-IPO-17042023.pdf.

Wikipedia

{{cite report |author=Trend Asia |title=Lembar Fakta $NCKL: Pertanyaan Tentang Nilai #BersihkanIndonesia |url=https://trendasia.org/wp-content/uploads/2023/04/PRINT-Factsheet-Harita-group-IPO-17042023.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{trendasiandlembar, author = {{Trend Asia}}, title = {{Lembar Fakta \$NCKL: Pertanyaan Tentang Nilai \#BersihkanIndonesia}}, institution = {Trend Asia}, url = {https://trendasia.org/wp-content/uploads/2023/04/PRINT-Factsheet-Harita-group-IPO-17042023.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }