IndonesiaÆs Antam, which already has a 20% stake in a joint venture with Herald to develop HeraldÆs key asset, the Dairi project on the Indonesian island of Sumatra, is bidding in consortium with Shenzhen Zhongjin Lingnan Nonfemet. The development potential of the zinclead project can be gauged from how hard both bidders are fighting to secure control of a company which had a net loss of A$1.23 million on a turnover of A$6.31 million for the 12 months ending June 30, 2007.
Antam and Zhongjin have...
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