Dear Visitors,


The General Meeting of Shareholders of Antam appointed a new board of directors on June 26, 2008. With the exception of my self, who was the Operations Director during the previous board and now becomes the President Director of the current board, the rest of our current BOD members are newcomers, young competent professionals who are mostly internally groomed from within Antam itself.

Mr. Winardi, previously the Senior Vice President of SBU Gold, is now the Operations Director. Mr. Tato Miraza, previously the Head of Nickel and Energy Development Projects, fills the position of the Development Director.  Mr. Achmad Ardianto, formerly Deputy Senior Vice President of Operations at SBU Gold is now the Human Resources Director. Mr. Denny Maulasa, previously the Senior Vice President of SBU Nickel, now becomes the Director of General Affairs and Corporate Social Responsibility. This function, formerly under the responsibility of the Human Resources and General Affairs Director, is now elevated to a separate director level function. This reflects the increasingly important function of corporate social responsibity as a catalyst for the sustainable operation of our business. The Finance Director position is filled by Mr. Djaja Tambunan, a seasoned banker with extensive experience in multinational financial institutions such as JP Morgan and HSBC. This will ensure that Antam remains in good foot with various international financial centers.

I believe the composition of the new Board of Director reflects a good and functioning regeneration and succession system in this organization. While we are a State Owned Company, the appointments of these strategic positions have been solely based on meritocracy rather than on political affiliations. We have a solid new BOD team that consists of competent experts on their respective positions

At this occassion I would like to thank the members of our previous board of directors, Mr. Dedi Aditya Sumanagara, Mr. Kurniadi Atmosasmito, Mr. Darma Ambiar and Mr. Syahrir Ika for their tremendous contributions to this organization. I wish them all the best for their future endeavours.

After having an unprecendented good perfomance in 2007, we are now entering a much more challenging environment for our business. The price of our most important commodity, nickel, will not be at the 2007 level any more. At the same time the price of oil has skyrocketed to a historically high prices. This situation is putting a strong pressure on our margins. It is therefore imperative for us to immediately execute our cost saving plan by converting to cheaper energy sources such as coal, gas or hydropower. To lessen our dependance on nickel, we also have to immediately diversify and rebalance our portfolio, while at the same time continue to move downstream to higher value-added activities.

As the new elected President Director, I am committed to navigating Antam through this choppy water and bringing Antam to the next level of growth.  With a strong and strengthening financial structure, healthy cash flows, and vast reserves and resources we are in a good position to execute our above mentioned business plans. I hope you will stay with us to share further significant rewards from this growth.

Yours Sincerely,


Alwin Syah Loebis