antam

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 mining company.

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 Suisse.

An Indonesian-Chinese partnership offers $448 million for Australia's Herald Resources, trumping BumiÆs 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.

IndonesiaÆs PT Antam Tbk says it will shutdown for repairs the new FeNi III smelter for about three months, likely reducing its target nickel output.

The state-owned company appoints HSBC to give advice on the acquisition of a minority stake in Freeport Indonesia.