Summary: PT International Nickel Indonesia Dec 11

Standard & Poors, December 2011

Abstract
Standard & Poor's Ratings Services' ratings on PT International Nickel Indonesia (PTI) primarily reflect its product and geographic concentration and its exposure to risks inherent in operating a mining concession in Indonesia. PTI also features high exposure to volatile nickel prices and, to a lesser extent, foreign currency rates. Mitigating these factors are PTI's low cost profile, long-lived reserves, and conservative financial profile. In addition, the company has policies and procedures in place that reasonably protect its offshore export activities' revenues. These policies somewhat mitigate transfer and convertibility risks in Indonesia. Like all foreign mining companies operating in Indonesia, PTI signed a contract of works that defines the parameters of its mining operations in Indonesia, with the government. We believe...

Companies mentioned in this report are: PT International Nickel Indonesia
Action: Review

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PT International Nickel Indonesia

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