JAKARTA. PT Aneka Tambang Tbk (ANTM) is preparing to expand its business in 2017. Recently, ANTM is planning to establish ferronickel factory the second phase of East Halmahera (Haltim) or P3FH. ANTM has appointed the consortium of Kawasaki Heavy Industries Ltd (KHI) and PT Wijaya Karya Tbk (WIKA) to handle engineering, procurement, and construction (EPC). “The construction process will commence immediately”, said President Director of ANTM Tedy Badrujaman at Indonesia Stock Exchange (IDX) Building on Monday (3/10). The fabric will increase its fero nickel production capacity from 27,000-30,000TNi to 40,500-43,500Tni per year. This project will also support the stainless steel basic industry program. According to Antam, the first phase of the ferronickel factory will enter the commissioning stage at the end of 2018. Meanwhile, the second phase of the factory will commence in 2017 with a total investment amounts to IDR3.5 trillion.
According to Tedy, ANTM is considering to apply for bank credit to fund the project, as well as to build strategic parnership with other parties. Financial Director of ANTM Dimas Wikan Pramuditho said that the second phase of East Halmahera factory will have a 13,500Tni of production capacity per year. ANTM will also build supporting infrastructures, such as steam electricity power plant (PLTU) with a capacity of 80MW. ANTM will join with PT Bukit Asam Tbk (PTBA) to build this power plant. Corporate Secretary of ANTM Trenggono Sutioso added, ANTM is now formulating the funding scheme for the power plant project. Indonesia Stock Exchange (IDX) will involve ANTM in dual listing training in New York, the United States of America (the US) on 24-25 October 2016. Recently, ANTM is also conducting feasibility study about listing on the US stock exchange.