PT Aneka Tambang Tbk, Indonesian nickel producer reported 2009 revenue fell 10 percent from a year earlier to 8.65 trillion rupiah.
Antam is going to allocate US$180 million to finance the company's expansion for this year. The company, for example, is going to spend US$30 million to acquire one coal and gold mine.
The company would also run several projects previously planned before, namely the construction of Chemical Grade Alumina plant in Tayan. The company had to repeat the tender for the project since the previous price fixed was considered too expensive.
In addition to the project, the company was also reviewing the construction of Pomalaa coal-fired power plant to cut costs. Pomalaa coal-fired power plant is projected to require US$300 million to require. Antam in the project controls a 20% stake and the rest 80% stake is controlled by the publicly listed PT Indika Energy and Navabharat consortium.
The company projects Tayan Chemical Grade Alumina plant project will require US$400 million to realize. In the project, the company controls a 65% stake, while Showa Denko and Marubeni Corp hold the rest 35% stake.
In addition to the project, the company was also reviewing the construction of Pomalaa coal-fired power plant to cut costs. Pomalaa coal-fired power plant is projected to require US$300 million to require. Antam in the project controls a 20% stake and the rest 80% stake is controlled by the publicly listed PT Indika Energy and Navabharat consortium.
The company projects Tayan Chemical Grade Alumina plant project will require US$400 million to realize. In the project, the company controls a 65% stake, while Showa Denko and Marubeni Corp hold the rest 35% stake.
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