ANTAM and PT Freeport Indonesia Sign a Memorandum of Understanding to Evaluate The Feasibility of Copper Smelter Development

The Memorandum of Understanding (MoU) was signed today in Jakarta by ANTAM's President Director, Mr. Tato Miraza and Mr. Rozik B. Soetjipto, President Director of PT Freeport Indonesia.

ANTAM's President Director Tato Miraza said,
"The signing of the MoU with PT Freeport Indonesia reflects both companies commitment to support the intention of Law Number 4 Year 2009 to increase and optimize the value of minerals through domestic mineral processing and refining."

The purpose of the MOU is to explore the technical, economical, and commercial feasibility of the development, construction, and operation of a copper smelter project.

In terms of downstream mineral processing, ANTAM's Tayan Chemical Grade Alumina plant is currently under commissioning phase. ANTAM also continues to work on the Pomalaa Ferronickel Plants Expansion project and East Halmahera Ferronickel project. The company also continues to evaluate the feasibility study and selection of strategic partner of the Mempawah Smelter Grade Alumina project and Nickel Pig Iron project.