Tag: antam

The Japanese trading company buys a one-third interest in a nickel project in Indonesia from French firm Eramet. Bumi succeeds in securing a 51% stake in the Australian lead and zinc miner after competing bidder Antam withdraws. The board of Herald Resources tells shareholders to resolve the impasse between Bumi and the Antam-Zhongjin consortium, as both bidders offer $530 million for the Australian ... The Antam-Zhongjin consortium trumps Bumi's bid with an offer of up to $500 million for the Australian mining company and secures the backing of Herald's board. The Indonesian mining company offers $495 million for Herald, 2% more than the competing offer on the table, in a bid partly financed by debt from a consortium led by Credit ... An Indonesian-Chinese partnership offers $448 million for Australia's Herald Resources, trumping Bumi’s offer by 11%. The mining company reaps the benefits of expansion during a time of high nickel prices. The Indonesian mining company will repay a bond earlier than planned due to higher withholding tax rate. Indonesia’s PT Antam Tbk says it will shutdown for repairs the new FeNi III smelter for about three months, likely reducing its target nickel output. Antam, an Indonesian mining company with a reputation for good corporate governance has just reported strong earnings. The state-owned company appoints HSBC to give advice on the acquisition of a minority stake in Freeport Indonesia. Pricing of a debut international bond by PT Aneka Tambang should price early today (Tuesday) after a few days delay. PGN hits its aggressive pricing targets by shifting towards domestic demand and scaling back the issue size. PT Aneka Tambang (Antam) has mandated ABN Amro for its inaugural dollar bond.