The state-controlled nickel miner PT Aneka Tambang Tbk (Antam) just entered into a MoU with the state-owned power company PT Perusahaan Listrik Negara to secure electricity supply for ferronickel (FeNi) Halmahera project on March 23 2011.
Antam FeNi Halmahera projecy is a key nickel project located at Buli, East Halmahera, North Molucca. The project is set to have a total capacity of 27,000 tons of nickel in ferronickel. The project and the power plant's total cost is estimated to reach US$1.6 billion. So, where is the financing? Please login or register to read the remaining story.
Disclosure: No position at the stock mentioned above.
Print This Article