Feni III shutdown, Antam missed target
PT Aneka Tambang (ANTAM) Tbk is forced to shutdown its newly built FeNi III smelter due to the leak from the metal tap hole late last week. That would cost Antam's ferronickel production target for 2006 a significant cut to 13,000 to 16,000 tonnes from the target of 19,000 tones.
ANTAM wrote to Australia Stock Exchange on Wednesday that it requires three months of FeNi III shutdown. Initially ANTAM planned the new plant's commercial operation by first quarter 2006 but delayed due to all conditions for conducting a final plant test had not been satisfied.
FeNi III is being built by a consortium of Mitsui & Co Ltd and Kawasaki Heavy Industries Ltd, Japan. Both companies are responsible for all work and testing prior to the commercial operation of the plant.
Antam's president director Dedy Aditya Sumanagara said, "We're extremely disappointed by this development as we had been operating FeNi III at capacity for one and a half months and were expecting to begin the final test and declare commercial operations at the beginning of July."
A full investigation is underway. No explanation from both Mitsui and Kawasaki on the accident.
The US$320 million FeNi III project involves the construction of a third smelter and new power plant in order to expand the Pomalaa ferronickel capacity from 11,000 tonnes of nickel contained in ferronickel to 26,000 tonnes. The FeNi III smelter will be built alongside FeNi I and FeNi II smelters in order to benefit from economies of scale.
The FeNi III plant will use nickel ore feed from Antam’s large nickel deposits in Buli, North Maluku and from a deposit adjacent to Pomalaa owned by PT Inco, known as East Pomalaa. The excavation of ore will be conducted by Antam or outsourced. Construction of the third power plant to power Antam’s entire ferronickel operation also began at the end of 2003 and will take 18 months to complete. The 102 megawatt plant includes the installation of six new diesel power generators and at the beginning of 2005 three of the generators will be operational, providing a more stable and efficient power load to the existing facility. Antam’s older plant with a capacity of 50MW, will be used for auxiliary and back up once the new power plant is operational. The new generators can run on fuel oil as well as natural gas. In June 2004, Antam signed an Operation and Maintenance (O&M) agreement with the builder of the new plant, Wärtsilä Corporation of Finland, for the operation and maintenance of Antam’s entire 152MW power facility.
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ANTAM wrote to Australia Stock Exchange on Wednesday that it requires three months of FeNi III shutdown. Initially ANTAM planned the new plant's commercial operation by first quarter 2006 but delayed due to all conditions for conducting a final plant test had not been satisfied.
FeNi III is being built by a consortium of Mitsui & Co Ltd and Kawasaki Heavy Industries Ltd, Japan. Both companies are responsible for all work and testing prior to the commercial operation of the plant.
Antam's president director Dedy Aditya Sumanagara said, "We're extremely disappointed by this development as we had been operating FeNi III at capacity for one and a half months and were expecting to begin the final test and declare commercial operations at the beginning of July."
A full investigation is underway. No explanation from both Mitsui and Kawasaki on the accident.
The US$320 million FeNi III project involves the construction of a third smelter and new power plant in order to expand the Pomalaa ferronickel capacity from 11,000 tonnes of nickel contained in ferronickel to 26,000 tonnes. The FeNi III smelter will be built alongside FeNi I and FeNi II smelters in order to benefit from economies of scale.
The FeNi III plant will use nickel ore feed from Antam’s large nickel deposits in Buli, North Maluku and from a deposit adjacent to Pomalaa owned by PT Inco, known as East Pomalaa. The excavation of ore will be conducted by Antam or outsourced. Construction of the third power plant to power Antam’s entire ferronickel operation also began at the end of 2003 and will take 18 months to complete. The 102 megawatt plant includes the installation of six new diesel power generators and at the beginning of 2005 three of the generators will be operational, providing a more stable and efficient power load to the existing facility. Antam’s older plant with a capacity of 50MW, will be used for auxiliary and back up once the new power plant is operational. The new generators can run on fuel oil as well as natural gas. In June 2004, Antam signed an Operation and Maintenance (O&M) agreement with the builder of the new plant, Wärtsilä Corporation of Finland, for the operation and maintenance of Antam’s entire 152MW power facility.
READ MORE!!!
posted by yosef at 2:43 PM
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