Sat, 26 Apr 2008
Jakarta (ANTARA News/Asia Pulse) - Indonesia's state-owned mining company PT Aneka Tambang (Antam) (JSX:ANTM) is set to start construction of a US$400 million alumina factory in Tayan, West Kalimantan.

Based on the feasibility study, the cost of the project will rise to to US$400 million from an earlier estimate of US$250 million. The exact figure is still being studied but it will increase to at least US$400 million due to a surge in construction costs, Antam corporate secretary Bimo Budi Satriyo said.

Construction, due to start in the second half of the year, will be handled by PT Indonesian Chemical Alumina, a new company jointly owned by Antam, Showa Denko KK (TSE:4004) and Marubeni Corp. (TSE:8002).

Antam President Dedi Aditya Sumanagara said the project is expected to be completed in 2010, and it will have a production capacity of 300,000 tons of alumina a year.



News Search/Filter
Transaction Rates
19 Oct 17
Buy
Sell
AUD1
11,006.49
10,220.18
BND1
10,323.22
9,581.31
BTC1
76,173,768
76,173,768
CAD1
11,246.49
10,441.02
CHF1
14,301.31
13,275.90
CNH1
2,112.49
1,961.53
DKK1
2,222.45
2,063.62
EUR1
16,546.18
15,362.18
GBP1
18,516.13
17,191.63
HKD1
1,796.46
1,668.27
JPY100
12,406.87
11,519.95
LAK1
1.69
1.57
NOK1
1,762.43
1,635.70
NZD1
10,005.39
9,289.18
PGK1
4,486.72
3,971.41
SEK1
1,722.95
1,599.36
SGD1
10,323.22
9,581.31
THB1
422.83
392.44
USD1
14,021.00
13,021.00
VND1
0.62
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services