trending Market Intelligence /marketintelligence/en/news-insights/trending/M9akyIjOUKq2qaeqlDuV7Q2 content esgSubNav
In This List

Antam refinances US$129M corporate investment loan

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Antam refinances US$129M corporate investment loan

PT Aneka Tambang Tbk, or Antam, said Sept. 18 that it entered into a corporate investment loan agreement with PT Bank Mandiri (Persero) Tbk to refinance the company's US$129 million investment loan, which will mature in June 2024.

The loan will be used to support the company's projects such as the development of the East Halmahera ferronickel plant and the smelter grade alumina refinery development project in Mempawah, both located in Indonesia, as well as the development of PT Indonesia Asahan Aluminium (Persero).

Antam said it is refinancing its current loan with a similar loan provision and a more competitive annual floating interest rate.

In August, Antam reported a 4% yearly fall in second-quarter ferronickel production to 6,486 tonnes of nickel contained in ferronickel, amid the successful ramp-up of the Pomalaa plant to stable operating capacity of 27,000 tonnes per annum.