JAKARTA (Yosefardi) – State miner PT Aneka Tambang (Antam) Tbk (ANTM) mulls to issue global bonds US$200 million in second half of 2014, to fund its ferronickel project in Pomalaa, Southeast Sulawesi.
The company intends to boos production capacity of Pomalaa’s nickel project to 27,000 tons per year from initial capacity of 20,000 tons per year. The project is ecpected to cost US$573 million.
Antam allocates capital expenditure (capex) of Rp2.9 trillion for 2014.
For supporting the financial performance this year, ANTM will increase its gold selling amid volatility of gold prices, while intensify cost efficiency and maintain the selling of nickel ore and ferronickel.
ANTM intends to launch IPO of its 3 units if the market authority issued new listing regulation which supports the IPO of mining companies. That 3 units are nickel miner PT Gag Nikel, gold miner PT Cibaliung Sumberdaya, and PT Mega Citra Utama.