Antam boosts silver quality

Antam boosts silver quality

JAKARTA (JP): Publicly listed state mining company PT Aneka
Tambang (Antam) announced on Tuesday its refinery unit PT Logam
Mulia was able to produce high-quality silver suitable for use in
high-technology devices, including microchips.

Antam said in a statement that Logam Mulia, the country's sole
precious metal refinery, now produced sliver granules which had a
purity level of 99.99 percent.

It said the production of the high-quality silver was part of
its efforts to improve its quality levels to world-class
standards and to focus on increasing the export of its products.

"Production of the higher quality silver began this year and
coincides with a transaction agreement with a South Korean
company for the purchase of 2.5 tons per month, or 22 percent of
total production, of the fine silver with a possible increase to
12 tons per month," the company said.

The company said it planned to have its silver officially
accredited by the London Bullion Market Association to guarantee
its acceptance by the international market. (jsk)