Antam production up in Q3 2002
Friday, November 1 2002 - 06:18 AM WIB
Publicly listed general mining company PT Aneka Tambang Tbk (Antam) said on Friday it had produced 2,271 tons of ferronickel during the third quarter of 2002, a 46 percent increase from the second quarter of 2002 and a 21 percent increase from the same quarter last year.
The company also said gold production for the third quarter had reached 1,190kg (38,259 t.oz), a 17 percent increase from the third quarter of 2001.
The company?s ferronickel sales increased to 1,840 tons, a rise of 35 percent over the second quarter of this year and a 25 percent increase from the same period of last year.
Meanwhile the company said during the third quarter total exploration expenditures had reached Rp109 billion (US$=Rp 9,200), an increase of 9 percent compared to the previous quarter.
The company is majority owned by the government. It is listed on the Jakarta Stock Exchange and an Australian bourse. (robert)