ANEKA TAMBANG: Seeks US$70 Mil. in Loans, Bisnis Indonesia
Company Reporter, Feb. 28, 2007
PT Aneka Tambang is seeking US$70
million in loans to help finance a chemical-grade alumina project,
Bloomberg News reports, citing Bisnis Indonesia.
The Troubled Company Reporter - Asia Pacific reported on Jan. 31, 2007,
that Aneka Tambang plans to invest between US$200 million and US$240
million to build an alumina mining facility in West Kalimantan.
The feasibility studies are expected to be complete next month and Aneka
may start construction of the facility next year, Bloomberg News
Aneka Tembang is reportedly in talks with PT Bank Mandiri to help
finance the project.
PT Aneka Tambang Tbk -- http://www.antam.com/ --
mines, processes, develops, and explores natural deposits. The
company operates six mines. They are located in Riau
(bauxite), Sulawesi and Maluku (nickel), Central Java (iron sand), and
West Java (gold). The company also operates a precious metal
refinery and a geology unit in Jakarta.
* * *
The Troubled Company Reporter - Asia Pacific reported on Dec. 4, 2006,
that Standard & Poor's Ratings Services raised its long-term
corporate credit rating on Indonesian state-owned mining company PT
Antam Tbk. to 'B+' from 'B'. The outlook is stable. At
the same time, Standard & Poor's also raised to 'B+', from 'B', the
rating on the senior unsecured notes issued by Antam Finance Ltd. and
guaranteed by Antam.
Moody's Investors Service gave Aneka Tambang a local currency B1
corporate family rating, and a B2 foreign currency bond rating.