Antam, Inco sign cooperative resources agreement to develop nickel resources
Monday, February 3 2003 - 02:45 AM WIB
State miner PT. Aneka Tambang Tbk. (Antam) and Sulawesi-based nickel miner PT. Inco on Saturday signed a Cooperative Resource Agreement in Bali to develop nickel resources within Inco?s contract of work area in East Pomalaa, Kolaka regency, Southeast Sulawesi.
Under the agreement, Inco will supply some 1 million tons of nickel ore annually for at least three years starting 2006 to Antam?s FeNi III nickel smelter, which construction is scheduled to be completed in 2006.(alex)