Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Commodities  >>   New Indo Nickel Smelter and Power Plant
NEWS UPDATES Asean Affairs        19  March 2011

New Indo Nickel Smelter and Power Plant

Related Stories

March 14, 2011
Indonesia buys Indian corn

March 8, 2011
Miners say Indo value-added law will hurt

February 3, 2011
Foreigners in search of Indo gold

January 3,2011
Inflation may dull Indonesian outlook

December 21, 2010
GM relocates marketing to Indonesia

October 27, 2010
Indo car sales outstrip road capacity

State miner Aneka Tambang, in concert with state utility Perusahaan Listrik Negara, plans to start construction of a $1.6 billion integrated ferronickel smelter and power plant project this year, its chief said on Friday.

Alwinsyah Lubis, president director of Antam, said it would invest US$1 billion in the smelter, with 35 percent of the financing for the project coming from internal funds and the rest from loans and bond issues.

"Most of our production will be exported. Companies like Arcellor Mittal of India and Posco of South Korea are interested in our products," Alwinsyah said.

PLN plans to build a 260-megawatt power plant worth $600 million to supply the smelter and the industrial area with electricity for the next 30 years.

PLN president director Dahlan Iskan said 95 percent of the electricity will be allocated for Antam and its industrial area, with the rest going to the local people.

Alwinsyah said the smelter, located in Tanjung Buli in Halmahera, Maluku, would have a capacity of 27,000 tons per year. Construction is expected to start in November and finish by 2014.

Antam's plan is one of a series of smelter projects expected in Halmahera in the coming years. Weda Bay Nickel, a unit of French mining group Eramet, and Mitsubishi Corporation of Japan, will team up with Antam on a $4.6 billion nickel smelter project in Halmahera.

A unit of Russia's Solway Industries pledged in February to invest $3 billion in a separate smelter in the same region.

Frederik Daniel Tanggela, a market analyst with Sucorinvest Central Gani, said Antam should make the project with PLN its top priority because it would provide multiple benefits.

"Antam has three smelters with around 26,000 tons of ferronickel production capacity. The new smelter will double Antam's production and at the same time reduce production costs because the company usually smelts its nickel in Pomala," he said.

He also said that even though ferronickel production was expected to stay flat, Antam's profit was expected to increase with rising commodity prices.

Antam's ferronickel production is projected to stay flat at around 18,000 tons this year. It posted an unaudited profit of Rp 1.66 trillion ($189 million) last year, up 175 percent from 2009.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    19  March 2011 Subsribe Now !
 • Cambodian exports blossom
Subcribe: Asean Affairs Global Magazine
• New Indo Nickel Smelter and Power Plant Asean Affairs Premium
• Philippines suffers February net outflows

• Japanese Tragedy Unlikely To Derail Global Economic Recovery 

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• China cluster model pushed in Thailand

• Thai prime minister passed no-confidence vote

• Japan tsunami to hit Vietnam's tourism

• Vietnamese rice export price falls
Asean Analysis    18   March 2011 Advertise Your Brand
• Cambodia on a learning curve Sponsor Our Events
Asean Stock Watch    18  March 2011
• ASEAN Markets to Rally‏
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand