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ANTAM'S FeNi III FACTORY STARTS OPERATION.
JAKARTA, Feb 1 Asia Pulse - Diversified mining company PT Aneka Tambang (Antam) (JSX:ANTM) said its FeNi III factory has been in operation since January 29.
The operation followed the handover of the factory from the turnkey contractor Engineering Procurement and Construction (EPC), a consortium of Unincorporated Kawasaki Heavy Industries and Mitsui Co. Ltd, to PT Antam, the company's director D. Aditya Sumanagara said in a report to the Jakarta Stock Exchange on Tuesday.
The handover of the factory was conducted with the two sides signing a Certificate of Taking Over agreement on Monday.
Aditya said the factory had a full capacity of 42 MW and an installed capacity of 15,000 tons of nickel in ferronickel (TNI) form.
In light of long-term operation, Antam is using nickel ore with a content of 2.1-2.2 per cent.
"Therefore, ferronickel production in 2007 is estimated at 20,000 to 22,000 TNI. This estimate is far higher than last year's production of 14,424 TNI," Aditya said.
The FeNi III factory was built at a cost of $320 ...
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Source: HighBeam Research, ANTAM'S FeNi III FACTORY STARTS OPERATION.