Antam's closure impact small

Antam's closure impact small

JAKARTA (Reuters): Indonesia's state nickel and gold producer
PT Aneka Tambang (Antam) said on Friday the closure of its
Sulawesi ferronickel smelter would not effect output in the short
term.

Antam temporarily shut its first Sulawesi ferronickel smelter
on Tuesday following an accident. It did not provide further
details or elaborate on any damage.

"If (closed) for only two-to-three weeks, we can still reach
the target," company spokesman, Dohar Siregar said.

The closure was at its first ferronickel smelter, FeNi I. It
also has a second smelter, FeNi II.

The two plants are expected to produce 10,300 tones this year.

Antam said it had insured the smelter covering all risks and
anticipated it would recover its material and revenue losses
within six months.

The bulk's of Antam's revenue comes from ferronickel and it
also sells nickel ores, gold, bauxite, iron sand and silver.

It is currently building a third ferronickel smelter to double
production.