27
Oct
09:41
Indonesia’s Antam targets control of Weda Bay Nickel
Indonesia PT Aneka Tambang (Antam), a state-owned company, is mulling raising its stake in PT Weda Bay Nickel in Indonesia, according to Bloomberg News. PT Weda Bay Nickel is a major nickel ore mining and smelting operation.
Antam has talked about the possibility of purchasing shares with an investment bank. It is believed that Antam wants to increase its ownership of Weda Bay Nickel to at least 40%, which is expected to cost at least $300 million. China'…
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Anonymous
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