PT Inco appoints Tony Wenas as new boss

IDX-listed nickel miner PT International Nickel Indonesia Tbk (Inco) announced on Friday that its extraordinary general meeting approved the appointment of Peter Poppinga as President Commissioner and Tito Martins as Commissioner for the term ending at the Company?s Annual General Meeting in 2010.

Shareholders also approved Arif Siregar?s resignation as President Director and the appointment of Tony Wenas as Siregar?s successor. Wenas? term will expire at PT Inco?s Annual General Meeting in 2010, the company said.

Prior to joining PT Inco, Wenas was Director & Executive Vice President/General Counsel of PT Freeport Indonesia, an affiliate of Freeport McMoRan Copper & Gold Inc. He joined PT Freeport Indonesia in June 2001.

Shareholders also approved an extraordinary dividend of US$0.0141 per share out of 2008 retained earnings.

The dividend is payable on April 14, 2010 to shareholders of record as of March 29, 2010. Indonesian shareholders will be paid the Rupiah equivalent of the U.S. dollar amount, based on the Bank of Indonesia middle rate of exchange on March 29, 2010.

Foreign shareholders will be paid in U.S. dollars.

At the meeting, shareholders also reaffirmed the 2009 interim dividend of US$0.01107 per share declared in November 2009. (denny)