Indonesian miner Antam buys 30% stake in Tsingshan's smelter

Indonesian miner Antam buys 30% stake in Tsingshan's smelter

FILE PHOTO: The logo of PT Aneka Tambang Tbk is pictured at its headquarters in Jakarta, Indonesia, November 28, 2016. REUTERS/Beawiharta/File Photo

Indonesian state-controlled miner PT Aneka Tambang (Antam) has acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing.