JAKARTA (Yosefardi) – State miner PT Aneka Tambang Tbk (ANTM) is set to get Rp3.5 trillion capital injection from the government of Indonesia, through the rights issue transaction.
ANTM will also raise Rp1.9 trillion fund from other (public) shareholders. The total raised funds would be Rp5.4 trillion.
ANTM will use Rp3.5 trillion funds to finance contruction of Halmahera Timur (Haltim) FerroNickel (FeNi) project in North Maluku province.
This FeNi project will boost ANTM’s ferronickel production capacity by 13,500-15,000 tons of nickel contained in ferronickel (TNi).