Antam begins construction

WORK has started at Aneka Tambang's (Antam) US$330 million FeNi III ferronickel project, with contractors beginning construction of the smelter this week.

The FeNi III project, which includes the construction of both the smelter and a new power plant, will be funded by proceeds from the issue of US$200 million notes, a US$60 million bank loan, and the