Latest news with #AnekaTambang
Malay Mail
30-06-2025
- Automotive
- Malay Mail
Indonesia, China break ground on US$5.9b EV battery hub in West Java
JAKARTA, June 30 — The Indonesian government has officially launched the construction of an integrated facility for the production of electric vehicle batteries in the Karawang area of West Java. The project is being developed jointly with China and is estimated at US$5.9 billion (RM24.9 billion), according to the Jakarta Globe, reported Sputnik/RIA Novosti. The project is expected to be one of the key steps towards turning Indonesia into a leading hub for the electric vehicle industry in South-east Asia. The construction is being carried out as part of a joint venture between state-owned mining company Aneka Tambang (Antam), the Indonesia Battery Corporation (IBC), and a Chinese consortium led by Contemporary Amperex Technology Co Limited (CATL), Brunp Recycling and Lygend Resources. The ceremony to launch the construction was led by Indonesian President Prabowo Subianto. The production cluster will be located on an area of 3,000 hectares and will create up to 8,000 jobs. The project also plans to implement 18 related infrastructure facilities, including the construction of a universal seaport. Commercial operation of the battery plant is scheduled to be launched in late 2026. — Bernama-Sputnik/RIANovosti
Bloomberg
21-05-2025
- Business
- Bloomberg
Indonesian State-Miner Antam Seeks $500 Million Syndicated Loan
Indonesian miner Aneka Tambang Tbk, better known as Antam, is seeking a $500 million loan, according to people familiar with the matter, in what would be the country's first syndicated dollar borrowing from a state-owned enterprise this year. United Overseas Bank is the coordinator of the five-year financing, which is equally split into a term loan and a revolving credit facility, the people said, who asked not to be named discussing private matters.
