Thursday, June 14, 2007

Antam Buy Freeport or Newmont

Antam currently is interested in acquiring stakes in PT Newmont Nusa Tenggara and in PT Freeport Indonesia. What next corporate action Antam ? Of course the company need to hire financial consultant.

Data by Antam showed that in the first quarter this year the company produced 770 kilograms of minerals, up from 466 kilograms in the first quarter of 2006. Outside of gold, Antam also mines nickel ore and bauxite.

In the meantime, Newmont Nusa Tenggara's gold production capacity in Batu Hijau, West Nusa Tenggara, reaches 13 tons per annum, while Freeport's gold production capacity averagely hits 64 tons per annum.

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