Cedrus signs collaboration agreement with Antam

By Ruli Setiawan

Investment bank Cedrus Investments has signed a collaboration agreement with IDX-listed mining firm PT Aneka Tambang Tbk (Antam)

PT Antam processes a number of minerals as well as operating other businesses including trade, transportation and other services related to the mining sector. The company undertakes all activities from exploration, excavation, processing through to marketing of a wide range of minerals and holds vast licensed exploration areas along with well-known large holdings of high quality reserves and resources.

Based on the collaboration agreement between Antam and Cedrus, signed on Monday, the former will provide the latter with access to its minerals, including nickel ore, ferronickel, gold, silver, bauxite and coal, as well as services related to the logistics, operations, infrastructure, and equipment needed to successfully run a mining operation, Cedrus said in a statement Monday.

Cedrus said it will utilize this unique relationship to pursue mining opportunities for its own direct proprietary investments and offer its corporate clients from the Greater China region and around the world access to Antam's valuable assets and comprehensive services.

Editing by Reiner Simanjuntak