Reuters - 2006-11-23 14:15:43
JAKARTA, Nov 22, 2006 (Reuters) - Indonesian miner PT Aneka Tambang Tbk is planning to build its second alumina plant with an annual capacity of 600,000 tonnes, the president director said on Wednesday.
"The smelter grade alumina plant will be located in Bintan island (off Sumatra) with commercial operations expected to start in 2009," Dedi Aditya Sumanagara told reporters.
Antam corporate secretary Ashur Wasif said a Chinese investor was interested in helping finance the project estimated to cost up to $250 million. He declined to name the investor.
"The construction of the plant is expected to begin in the end of 2007," Wasif told Reuters.
Earlier this year, the company said it plans to build a chemical-grade alumina plant in Tayan, West Kalimantan with an annual capacity of 300,000 tonnes.
Antam (ATM.AX: Quote, Profile, Research) has signed an agreement with three foreign firms to jointly develop the $220 million alumina plant in Tayan that will process high quality bauxite reserves into chemical grade alumina for the domestic and international market.
Chemical grades are used in the manufacture of ceramics, spark plugs, paint and plastics, while smelter grades are those from which aluminium is produced.
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