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March 18, 2008 |
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INT'L NICKEL INDONESIA: Board Proposes Final Dividend for 2007 PT International Nickel Indonesia Tbk's Board of Directors has proposed to the Company's Board of Commissioners a dividend of US$0.02264 per share, consisting of a final dividend for 2007 of US$0.0025 per share and an extraordinary dividend of US$0.02014 per share. This dividend, when combined with the interim dividend of US$0.09787 per share paid in December 2007, would amount to a total dividend of US$0.12051 per share for 2007. This proposed 2007 dividend compares with a total dividend of US$0.0525 per share in 2006. Per share figures noted here reflect the 10-for- 1 stock split effective on January 15, 2008. The recommended dividend is subject to the concurrence of the Board of Commissioners and will be presented at their next meeting on March 25, 2008. If accepted by the Board of Commissioners, the dividend recommendation will be presented for shareholder approval at the company's annual general meeting on March 26, 2008. About PT Inco Headquartered in Jakarta, Indonesia, PT International Nickel Indonesia Tbk -- http://pt-inco.co.id -- is a nickel producer with a production facility and mine are in Sorowako, Sulawesi, where it has a contract agreement until 2025. It produces nickel matte, an intermediate product, from lateritic ores at its integrated mining and processing facilities near Sorowako on the island of Sulawesi. Inco Limited of Canada holds a 60.8% stake of the company and Sumitomo Metal Mining Co Ltd. holds a 20.1% stake. * * * As of October 29, 2007, the company carried Standard and Poor's "BB-" long-term foreign and local issuer credit ratings; and Fitch Rating's "BB" LT Issuer Default rating. |
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