PT Antam (Persero) Tbk

ANTAM And BHP Billiton Sign Joint Venture Agreement To Develop Nickel Deposits
Home arrow News, Reports and Presentations arrow News Releases
Jakarta, June 18, 2008 – PT ANTAM Tbk (ASX - ATM; IDX - ANTM) announce the signing of a Joint Venture Agreement (JVA) with BHP Billiton to develop nickel laterite resources in Eastern Indonesia. The joint venture ownership is envisioned as 50:50 between ANTAM and BHP Billiton.

The JVA was signed in Jakarta by ANTAM’s President Director, D. Aditya Sumanagara and BHP Billiton Stainless Steel Materials President, Jimmy Wilson. The agreement is conditional, including approval by the Board of BHP Billiton. he Board of BHP Billiton expects to take a decision on this matter within the next month. The signing of the JVA follows from the signing of a heads of agreement between the two companies in Perth on February 2007.  This move is in line with ANTAM’s strategy to move into higher technology and downstream metals processing activities. This strategic alliance with BHP Billiton is also expected to mitigate the cost and risk of developing mineral deposits.  A more detailed press release on the alliance will be made later.
Print
 
Why Invest in Antam Annual Financial Highlights Reserves & Resources Sustainable Development
Current Share Price
Last1065
Change15
Open1055
High1080
Low1050
Volume775259
Date18 SEP 2019 18:11:27
Detail
Currency Rate
Currency Sell Buy
AUD96249606
EUR1554615524
JPY130130
SGD1024210227
USD1407514060
Precious Metals Prices

PT Antam (Persero) Tbk

Base Metals Prices

PT Antam (Persero) Tbk