PT IFISHDECO TBK (Ticker: IFSH.JK) is a key player in the critical minerals sector, listed on the Indonesia Stock Exchange.

The company is headquartered on the 42nd Floor of the Sahid Sudirman Center Building, located on Jl. Jend Sudirman in Jakarta, Indonesia, with a branch office in Kendari, Southeast Sulawesi.

Established on June 9, 1971, IFSH originally operated in the fisheries industry under Law No. 41, as notarized by Abdul Latif in Jakarta. In 1989, the company expanded its business activities to include agribusiness plantations under Law No. 34, established by Notary Mochtar Apan, S.H. IFSH initially focused on cultivating cashew trees for nut production but faced challenges with inconsistent outcomes. Between 2005 and 2008, the company conducted topographic surveys and soil tests to enhance its cashew plantation areas, ultimately discovering that the land was abundant in nickel (Ni) and iron (Fe) minerals.

This revelation prompted IFSH to revise its business strategy and apply for a Nickel IUP Exploration Mining License in 2008. By 2010, the company upgraded this license to an IUP Operation/Production Permit, allowing it to commence the production and sale of nickel ore in 2011.

Currently, IFSH is recognized as a critical minerals company with concessions in nickel and silica. It produces and sells raw material ore products to multinational corporations operating in Indonesia and oversees all mining-related activities, including exploration, infrastructure development, production, transportation, trading, and sales of nickel and silica ore products.

Additionally, IFSH’s subsidiary, PT Bintang Smelter Indonesia (BSI), is responsible for the processing, transportation, and sales of Nickel Pig Iron (NPI) and Ferronickel Alloy (FeNi).