ANTM - Commissioning Haltim ferronickel operation

Aneka Tambang (ANTM) announced the commission of Ferronickel smelter operation in East Halmahera, initiated by igniting burner on process before switching on the electricity. (Source : Investor Daily) Comment : We view this commission signs accelerated completion of the strategic project after delayed. This will extend ANTM's asset portfolio, altogether with Kolaka Ferronickel plant capacity of 40.500 TNi. We foresee it will take time to operate in full capacity since comissioning, that will results in gradual revenue generation.