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ANTAM And Identrust Security International Sign An Agreement Related To Point Of Delivery For Gold Futures Contract

03/01/2010
News Releases

Jakarta, March 1 2010 – PT ANTAM Tbk. (IDX-ANTM; ASX-ATM) and PT Identrust Security International (ISI) have today signed an agreement related to point of delivery for gold futures contract. ANTAM’s Logam Mulia Precious Metals Processing and Refinery Unit (UBPP Logam Mulia) will serve as a point of delivery for gold futures trade at Indonesia Commodities and Derivatives Exchange (ICDX). UBPP Logam Mulia will ensure safe and trusted physical delivery for the settlement of transactions at the ISI Clearing House. ISI is a Clearing House for ICDX and is responsible for Clearing and Settlement activities at the ICDX. The agreement is valid for one year starting today.

For ANTAM, this project is part of its business strategy of product diversification to improve shareholders’ value. ANTAM’s UBPP Logam Mulia can generate additional revenue from gold grade analysis services, smelting services and gold depository services. UBPP Logam Mulia hopes its participation will boost interest from industry players to trade on the ICDX, thus creating ICDX as a trusted place to trade gold and an effective gold bullion market maker. UBPP Logam Mulia’s succesful presence will reflect the success of Indonesia’s gold futures exchange and support the development of ICDX as an internationally recognised gold futures exchange.

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