METS

Stronger euro scuttles Antam EPC contracts

ENGINEERING, procurement and construction contracts at Jakarta-based PT Antam's nickel expansion project FeNi III have become null and void as the euro continued to appreciate past an agreed financial limit.

MiningNews.Net

Antam said it would modify the project be reducing the project cost, employing US dollar-denominated EPC contracts, and acquiring capital from domestic sources. The euro/US dollar exchange rate passed...

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