Jakarta - PT Aneka Tambang Tbk (ANTM) in order to fund its projects, loans are now reviewing bids from 27 local and foreign banks. Bids loan is important for nickel processing project funding, FeNi in Halmahera. Therefore, it proyeks siphon funds amounting to USD 1 billion. "We as a majority shareholder in the project does require a big budget," said Alwinsyah Lopez, Director of Aneka Tambang, Jakarta.

In the project, amounting to 65-70 percent menklaim management funding from external sources and 30-35 percent from internal cash. Review of bids from 27 bank loan that is still being matured. The offer was very attractive with the lowest interest rate. "Within the next few months will we decide which one to take," he added.

For external funding, apart from bank loans, the company also was exploring the possibility of issuing bonds. "External funding could be from loans, bond, or a combination of loans and bonds, depending on the later of the review of our financial advisor," he described.

On the other side is also still awaiting the results of management review of the company's financial advisors on the best financing structure for the development project. "We are still awaiting review, the most optimal structure for the Halmahera project funding," said Djaja M Tambunan, Antam Finance Director.

Currently the company is focusing completing three FeNi Halmahera project is valued at a total of USD 1.6 billion, optimization Pomaala projects worth USD 400-450 million, and Chemical Grade Alumina Tayan projects worth USD 450 million. Meanwhile, for the need for capital expenditure (capex) in 2011 are budgeted at Rp 3.9 trillion.

That much money, will be used for routine investments amounting to Rp 470 billion, for investment in the development of Rp 3.2 trillion, and for budget costs fee of Rp 215 billion. "For an investment project development including CGA, land acquisition in Halmahera, and feasibility studies," he concluded.