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PT Aneka Tambang (ANTM) Tbk is currently exploring a loan of USD 325 million from banks from Japan.

The plan's loan will be used to fund development projects Chemical Grade Alumina plant in Tayan, West Kalimantan and Pomala power plant in Southeast Sulawesi.

"So a total of U.S. $ 325 million of which U.S. $ 250 million for projects Tayan and the remaining U.S. $ 75 million for power plant," said Director ANTM, Alwin Syah Loebissai after meeting Deputy PISET SOEs at the central office of PLN, Jakarta, Saturday (27 / 3 / 2010).

Alwin said, the total requirement of fund for development projects Chemical Grade Alumina plant in Tayan is actually around U.S. $ 300-400 million, of which 35 percent came from internal funds and 65 percent of companies use the loans. As for the value of power plant construction projects Pomala approximately U.S. $ 300 million, of which around U.S. $ 75 million came from loans.

"Hopefully his financing was completed this year," said Alwin.

Alwin said, if the funding for the project was completed Tayan this year, then next year at the beginning of this project is expected to be entering the construction phase. Own construction period is expected to take approximately 28-30 months.

Currently the company was open tenders Engineering, Procurement, Construction (EPC) to appoint a contractor who will work on the project.

"Bid is signed but not yet announced the winner. End of March
completed, and initial results will be announced April, "he said