Asset Report

FeNi Haltim nickel project

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06 September 2019

FeNi Haltim nickel project

Report summary

Antam's Ferronickel (FeNi) Halmahera project is estimated to produce 27kt Ni in ferronickel with an investment cost of US$1.6Bn, including power plants. The project will incorporate the development of 260MW power plants. Antam plans to build the power plant using Independent Power Producer (IPP) scheme to minimise the project cost. As such, Antam expects the project cost to amount to between US$800-US$900M without the power plant.

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