ANTAM And BHP Billiton Signed JVA To Develop Nickel Deposits

The JVA was signed in Jakarta by ANTAM’s President Director, D. Aditya Sumanagara and BHP Billiton Stainless Steel Materials President, Jimmy Wilson. The agreement is conditional, including approval by the Board of BHP Billiton. he Board of BHP Billiton expects to take a decision on this matter within the next month. The signing of the JVA follows from the signing of a heads of agreement between the two companies in Perth on February 2007.  This move is in line with ANTAM’s strategy to move into higher technology and downstream metals processing activities. This strategic alliance with BHP Billiton is also expected to mitigate the cost and risk of developing mineral deposits.  A more detailed press release on the alliance will be made later.