PT International Nickel Indonesia Tbk. Reports That Q3 Earnings Doubled To $265.5 Million In 2007

"Third quarter 2007 production was 42.0 million pounds of nickel-in-matte, compared to production of 37.8 million pounds in the same period last year. Production during the third quarter was excellent, taking into consideration that we shut down furnace no.1 and furnace no.2 to connect the dust control equipment. Once commissioning of this dust control equipment is completed in the fourth quarter of 2007, all four furnace stacks will have dust emission equipment fitted, bringing dust control to international standards. Dust releases to the atmosphere from the four furnaces will be reduced by 98% as a result of this $62 million investment. Last year's third quarter production numbers were negatively impacted by the transformer fire which shut down furnace no.2, for seven weeks," said Arif Siregar, President Director and Chief Executive Officer.