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antam

Business 5 years ago

Metal miner Antam to set $105m capex, pay out $4.78m in dividends

Antam plans to set around Rp 1.5 trillion (US$105 million) in capital expenditure this year, mostly to build two smelter megaprojects.

Business 5 years ago

GoPay launches in-app gold investment feature

Users can invest as little as 0.01 gram of gold, equivalent to Rp 8,000 (US 57 cents), in Pluang with payment and investment withdrawal made through GoPay.

Business 5 years ago

PREMIUM
Gold price up 20 percent so far this year as investors turn to precious metal to protect wealth

Gold prices have increased significantly in recent weeks as people have turned to the yellow metal as a safe haven asset amid plummeting share prices.

Business 6 years ago

PREMIUM
China, Indonesia sign $695m deal for West Kalimantan alumina smelter

Indonesian and Chinese companies have signed a US$695 million contract to construct the Mempawah alumina refinery in West Kalimantan, as Indonesia moves to add value to its mineral products and create a domestic mining industry value chain.

Business 6 years ago

PREMIUM
Gold demand surges as people turn to bullion to protect wealth

Gold is traditionally seen as a safe investment in times of uncertainty and worsening global economic health.

Business 6 years ago

PREMIUM
Inalum, Vale Indonesia sign agreement to start divestment

The terms of the divestment are to be finalized by December 2019, with the stock acquisition to be completed within six months thereafter.

Business 6 years ago

Antam books modest 6 percent profit growth in Q2

The sales of gold contributed 67 percent to total revenue, followed by ferronickel with 16 percent), bauxite with 2 percent) and other minerals with 15 percent

Business 6 years ago

Mandiri pumps $129m refinancing fund into Antam

State lender Bank Mandiri announced on Wednesday that it had injected US$129 million into state-owned diversified mining company Aneka Tambang (Antam) to refinance the latter’s business loans.