Lembar Fakta $NCKL: Pertanyaan Tentang Nilai #BersihkanIndonesia

The document critiques the April 2023 IPO of PT Trimegah Bangun Persada Tbk (NCKL), alleging that the capital increase will fund further environmental degradation and social displacement on Obi Island. It highlights the use of coal-fired power plants (PLTU) for nickel processing, illegal waste disposal into the sea, and workplace fatalities. The report further claims that investors like Glencore and Fidelity International, and several underwriting banks, are violating their net-zero and Paris Agreement commitments by supporting Harita Group.

• The IPO of PT Trimegah Bangun Persada Tbk (NCKL) in April 2023 aimed to raise approximately Rp10 trillion ($669.79 million) by offering up to 12.67% of shares at 1,250 rupiah per share, potentially increasing the net wealth of owner Lim Hariyanto Wijaya Sarwono from $1.1 billion to $4.8 billion.
• Harita Group's operations on Obi Island have caused significant marine pollution, including nickel waste that turns seawater reddish-brown and the contamination of water sources in Kawasi village due to mining sediment.
• PT Trimegah Bangun Persada (TBP) has planned to implement Deep-sea Tailing Placement (DSTP) to dispose of 6 million tons of nickel slag waste into the sea annually, a move the document warns could reduce marine biodiversity, citing a similar case in Lihir Island, Papua New Guinea.
• Harita Group utilizes coal-fired power plants (PLTU) to power its nickel processing; currently 210 MW are operational, with a target of 4,200 MW on Obi Island, which the document claims violates President Xi Jinping's 2021 commitment to stop building new coal plants abroad.
• Workplace safety records at Harita Group contradict company claims; media reports from 2019-2023 identify 8 accident cases resulting in two deaths and five injuries.
• The document alleges that investors Glencore International AG and Fidelity International, as well as six of the IPO's underwriters (Credit Suisse Group, BNP Paribas, Citigroup, DBS, OCBC Securities, and UOB Kay Hian), are violating their net-zero or Paris Agreement commitments by associating with Harita Group.

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} }