As Antam's main objective is to enhance shareholder value by lowering costs while profitably expanding operations in a sustainable manner, we aim

to sustain growth through reliable expansion projects, strategic alliances, acquisitions, increasing quality reserves and adding value by moving away from selling raw materials and increasing processing activities. Our Exciting Projects currently include:

Tayan Chemical Grade Alumina (CGA) Project: Location: Tayan, West Kalimantan. Estimated project cost of US$450 million with planned production capacity of 300,000 ton of Chemical Grade Alumina pa. An unincorporated consortium of PT Wijaya Karya (Persero) Tbk, Tsukishima Kikai Co. Ltd. and PT Nusantara Energi Abadi (Nusea) was selected as the EPC contractor. Financing support from JBIC and consortium of Japanese banks. Current stage: Construction. Estimated commercial operation in 2014. FeNi Halmahera Project: Location: Buli, East Halmahera, North Maluku. Estimated project cost of US$1.6 billion (including power plant) with production capacity of 27,000 ton Ni pa. Current stage: Selection of financial arranger Estimated commercial operation in the semester II of 2014. Mempawah Smelter Grade Alumina (SGA) Project: Location: West Kalimantan. Estimated project cost of US$1 billion with production capacity of 1.2 million metric ton of SGA pa. Antam plans to form a joint venture with Hangzhou Jinjiang Group of China with share ownership of 49% (Antam) and 51% (HJG). Antam has an option to become majority after three years of commercial operation. Current stage: due diligence. Estimated commercial operation in the semester II of 2014. Mandiodo Nickel Pig Iron (NPI) Project: Location: North Konawe, Southeast Sulawesi. Estimated project cost of US$140 million with 1st stage production capacity of 120,000 ton of NPI pa. Includes development of stainless steel facilities in the future. Current stage: feasibility study. Estimated commercial operation in the semester II of 2014