Antam`s Net Profit Surges 374% Billion (US$421M)

Antam's President Director, Mr. Dedi Aditya Sumanagara said:

"We are very happy with our record-setting financial performance for the first nine months of 2007. Together with higher nickel prices, we can see the significant benefits of boosting our production volumes, while reducing the pace of our cost increases. As the expansion of our ferro-nickel facility, with the building of our third smelter FeNi III, experiences some initial delays as we ramp up to full capacity, we were able to offset profit loss with ramping up ore sales to China. We have repaid a significant portion of our debt and have large cash holdings such that our capital structure is strong. We are well positioned to use our cash, take on additional debt and make significant organic and acquisitive growth investments."