Antam to start Fe Ni III construction October
Wednesday, September 17 2003 - 10:57 PM WIB
State gold and nickel producer PT Aneka Tambang (Antam), said it plans to start building its ferronickel smelter in Southeast Sulawesi early next month, Antam's President Dedi Aditya Sumanagara told reporters Wednesday.
He said the company will use proceeds from a recent $200 million bond issue to develop the smelter, which is expected to begin commercial operations at the end of 2005.
Antam currently has two ferronickel smelters in East Pomalaa, Southeast Sulawesi, with a combined production capacity for nickel contained in ferronickel of 11,000 tons a year.
The new smelter will have a capacity of 15,000 tons a year, Dedi said.
Antam had appointed Mitsui & Co. and Kawasaki Heavy Industries Ltd. to construct the smelter. (*)