State mining company PT Aneka Tambang is still waiting for the government to decide if it will appoint Antam to take over the operation of PT Indonesia Asahan Aluminium.
Inalum is JV between the Indonesian government and Nippon Asahan Aluminum which is a consortium of 7 Japanese companies.
Mr Alwin Syah Loebis president director of Antam said that the government’s team, which is led by the industry minister and includes Antam officials, is still negotiating with the Japanese companies on the possible takeover of Inalum. We are still waiting for the results. The team would also decide which state company would take over Inalum.
Mr Alwin said that Antam was ready for the appointment. We have to wait before a decision is made before making more detailed preparations for financing related to the takeover.
Mr Mustafa Abubakar state owned enterprises minister said that if Antam was named to take over the operation of the smelting plant, it would be responsible for paying compensation to the Japanese consortium.
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