Aneka Tambang (Persero) Tbk (Pt) (ATM)

Shares / Stock Code

ATM

Stock Exchange / Sharemarket

ax

Aneka Tambang (Persero) Tbk (Pt) (ATM) is an Indonesian mining company involved in all stages of the mining process for ferronickel, nickel ore, gold, silver and bauxite. The stock is a foreign listing on the ASX with a market cap of 5,703,998,930. Aneka Tambang is dual listed on the Indonesian and Australian Stock Exchanges. The Company listed on the Australian Stock Exchange (ASX) on 9 of August, 1999. In June 2008, ATM and BHP Biliton announced a joint venure agreement to develop nickel laterite deposits in Eastern Indonesia. Its Pongkor mine contains three main veins of gold, all of which were mined in 2003 and is situated about 90km from Jakarta extending over a surface area of approximately 4,058 ha. ATM's Precious Metal Refinery, Logam Mulia is used to refine the dore bullion from Pongkor. Logam Mulia also serves third parties, which contribute to more than half of Logam Mulia’s income. ATM is Indonesia’s longest running producer of bauxite. Its largest bauxite reserves are situated at Tayan, West Kalimantan. The ore is now mined from open pits at Kijang. The iron sands business is now managed by its wholly owned subsidiary, Antam Resourcindo.

ATM announced a joint cash offer with Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd during January 2008, to acquire Herald Resources, an Australian based metals and gold mining company. It signed a JV with Krakatau Steel in order to develop the steel industry in South Kalimantan in April 2008. It entered into an agreement with Jindal Stainless Ltd in May 2008, to develop a nickel smelting and stainless steel factory in South East Sulawesi.