Indonesia's Antam wins approval for Herald takeover

JAKARTA, April 18 (Reuters) - Indonesian miner PT Aneka Tambang Tbk (ANTM.JK) said on Friday it had won shareholder approval to acquire Australian miner Herald Resources Ltd HER.AX.

The planned acquisition will enable state-run Antam and its partner in the bid, China's Shenzhen Zhongjin Lingnan Nonfemet Co Ltd 000060.SZ, to tap Herald's Dairi zinc and lead project in Indonesia's North Sumatra.

Herald Resources has recommended to its shareholders to accept Antam and Zhongjin's A$500 million ($469.5 million) offer.

Antam and Zhongjin have jointly offered to pay A$2.50 for each Herald HER.AX share, after Indonesia's largest coal miner, PT Bumi Resources Tbk (BUMI.JK), offered to pay A$2.25.

Antam (ATM.AX), which produces nickel ore and smelts ferro-nickel, has said in the past it wants to boost gold output. It aims to produce 15 tonnes of gold a year by 2017, from around 3 tonnes a year.

Antam's shares rose 2.19 percent by 0816 GMT on Friday to 3,500 rupiah while the Indonesia composite index .JKSE inched 0.21 percent higher to 2,346.63 points. ($1=9,186 rupiah) ($1=1.065 Australian Dollar) (Reporting by Nury Sybli, writing by Harry Suhartono, editing by Sugita Katyal)