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Expansion of Pomalaa ferronickel plant to boost Antam's income.

PT Aneka Tambang (Persero) Tbk.hopes to chalk up a turnover of more than US$500 million or Rp5.5 trillion after the completion of the expansion of its ferronickel plant in Pomalaa, Southeast Sulawesi. The expansion project is expected to be completed in 2016. President of Antam Tato Miraza said the expansion plant would increase Antam's ferronickel production from 18,000 tons -20,000 tons per year to 25,000 tons -27,000 tons per year with ore having nickel grade of 1.9%. The increase in turnover also depends much on the price in international market. Every increase of US$1 in nickel price would mean an increase of US$30 million or Rp300 billion in turnover.

Currently Antam is building expansion of its ferronickel (FeNi) factory in Pomalaa (P3FP)., which consists of 8 packages--package I for Jetty & Facilities, package II for: Belt Conveyors, package III FeNi Plant-1, package IV Ore Preparation & Calcination, package V Ladle Furnace, package VI Electric Smelting Furnace, package VII Oxygen Plant and package VIII a coal-fired power plant. Antam begins with the construction of package IV project, which is awarded to state construction company PT Wijaya Karya (Persero) on a consortium with Japan's Kawasaki Heavy Industries.

WIKA's operation director Bambang Pramujo said construction of package IV project to cost US$102 million is expected to be completed in 27 months WIKA 's share in the project is valued at US$26.73 million, with Kawasaki taking the rest. The ore preparation line 4 facility includes development main equipment, rotary dryer, with a capacity of 260 tons per hour and rotary kiln with a capacity of 90 tons per hour. WIKA is involved in the construction of four of the 8 packages with share valued at a total of US$110.2 million. PT Aneka Tambang (Persero) Tbk. (ANTM) posted a 44.45% fall in profit in the first 9 months of 2013 to Rp348 billion from Rp627.78 billion in the same period in 2012.
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Title Annotation:CORPORATE NEWS IN BRIEF
Publication:Indonesian Commercial Newsletter
Date:Sep 1, 2013
Words:332
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