Antam obtains license to resume nickel and bauxite ore exports
Tuesday, May 29 2012 - 03:27 PM WIB
IDX listed PT ANTAM Tbk recently stated it has acquired government license to resume export of nickel and bauxite ore throughout the year, maintaining export target of up to 2.275 million wmt in the next three months with export license to be renewed every three months.
"The export license is the result of Antam's compliance to the regulations," said company President Director Alwinsyah Lubis, adding that the company plans to go on with its smelter project, expected to start operating in 2014.
Until the end of April, the company has shipped 2.34 million wmt of nickel ore, while it's expecting to export additional 2.275 million wmt in the next three months to Japan, Europe and China.
Its bauxite ore export until the end of April stands at 31,402 wmt, and it's planning to export additional 50,000 wmt in the next three months to Japan and China.
Antam still in talks with its customers so they are willing to carry the burden of the 20 percent export tax.
Editing by Er Audy Zandri