The loans came from Japan Bank for International Cooperation (JBIC) and a consortium of commercial banks including Mizuho Corporate Bank Ltd., Antam President Director Alwin Syah Loebis said on Monday.
He said the loans would support the financing of the project which would cost an estimated US$450 million.
The company started the construction of the project on April 11, 2011. Commercial operations are expected to begin in January 2014.
The plant will process Antam`s bauxite reserves in Tayan to produce chemical-grade alumina to be exported and marketed at home.
(SYS/S012/O001)
Editor: Suryanto
Copyright © ANTARA 2011
