Brief History of ANTAM
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Incorporated in 1968, ANTAM was a state owned company resulting from a merger of several state-owned mining companies and projects, namely the State General Mining Company, the State Bauxite Mining Company, the Tjikotok State Gold Mining Company, the State Precious Metals Company, PT Nickel Indonesia, the Diamond Project and other projects under the Bapetamb. Under the Government Regulation No. 22/1968, the Company was established as Perusahaan Negara (PN) Aneka Tambang on July 5, 1968. The establishment was announced in the Appendix No. 36, BNRI No. 56, dated July 5, 1968. On September 14, 1974, the Company's status was changed from State Company to State-owned (Persero) and known as "Perusahaan Perseroan (Persero) Aneka Tambang".

The Company was changed into Limited Liability Company on December 30, 1974, as stated in the Deed of Incorporation No. 320 dated December 30, 1974 prepared before Warda Sungkar Alurmei S.H., who was at that time in lieu Abdul Latief, by then a notary in Jakarta. Deed of Amendment No. 55 dated March 14, 1975 was made in the presence of Abdul Latief, by then a notary in Jakarta, on the Company's status change in order to implement the provisions in the Law No. 9/1969 on Stipulation of Government Regulation in lieu of Law No. 1/1969 (Statute Book of 1969 No. 16, Supplement to Statute Book No. 2890) on forms of State-run Businesses into Law (Statute Book of the Republic of Indonesia of 1969 No. 40), Government Regulation No. 12/1969 on State Limited Liability Companies, Statute Book of the Republic of Indonesia of 1969 No. 21 and Government Regulation No. 26/1974 on the form conversion of state company Aneka Tambang into Limited Liability Company, Statute Book of Republic of Indonesia of 1974 number 33 jo. Decree of the Ministry of Finance of the Republic of Indonesia No. Kep. 1768/MK/IV/12/1974, on the Determination of Capital of Perusahaan Perseroan (Persero) PT Aneka Tambang as a Limited Liability Company under the name of PT Aneka Tambang, which had been approved by the Minister of Law and Human Rights Decree No. Y.A. 5/170/4 dated May 21, 1975, and both of the above Deeds were registered in the Registry book at the Jakarta District Court No. 1736 and No. 1737 dated May 27, 1975 and published in the Supplement No. 312 of BNRI No. 52 dated July 1, 1975. The Company launched an Initial Public Offering by selling 35% of its shares to the public and listed on the Indonesia Stock Exchange in 1997. The fund raised from the IPO was used to support ferronickel project III expansion. Two years later, the Company listed its shares in Australia under foreign exempt entity status, which was upgraded in 2002 into ASX Listing, which had stronger provisions.

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Why Invest in Antam Annual Financial Highlights Reserves & Resources Sustainable Development
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Date22 FEB 2017 13:10:40
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