Indonesian miner Antam plans to acquire smelter owned by Tsingshan unit

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JAKARTA: Indonesian state-controlled miner PT Aneka Tambang (Antam) is planning to acquire a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, its chief executive said on Tuesday.

The plan would be part of the company's non-organic growth strategy, Nicolas Kanter said in a public presentation.

Separately, it is also preparing to launch construction of two nickel plants under its partnership with China's Ningbo Contemporary Brunp Lygend Ltd (CBL).

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Category: EconomyBusiness

Markets: SingaporeChinaIndonesia

Topics: Acquire Smelter Aneka Indonesian Indonesia Tsingshan Group Kanter Company Tambang Owned

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 16:49:08 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 199 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22277274

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