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Cita Mineral awaits go-ahead to resume bauxite shipments
Edited by : AL CIRCLE
2 min read
Bauxite miner Cita Mineral Investindo ceased its bauxite ore export activities on Jan. 12, following the mineral ore export ban implemented by the government.
Bauxite and nickel miners have been hit the hardest in the wake of Indonesia’s policy initially aimed to ban mineral ore exports.
The regulation was slightly tweaked later on, however, to allow concentrate exports for some minerals, including copper, zinc, iron ore, manganese and lead, though different purity level apply.
“We will cease our bauxite ore exports until the government implements a clause exempting the company from the mineral export ban,” said Citro Utori president director of Cita Mineral, a company that controls mining concessions in Ketapang, West Kalimantan.
Cita Mineral is controlled by the conglomerate Harita Group, whose owner, Lim Hariyanto Wijaya Sarwono, was named the 42nd richest man in Indonesia by last year’s Globe Asia magazine with an estimated net worth of $990 million.
Harita, trough its joint venture unit Well Harvest Winning Alumina Refinery, is in the process of developing a $1 billion alumina smelter in Ketapang, West Kalimantan, which is expected to be operational by the end of 2015.
Harita controls 30 percent of Well Harvest and is partnering with China’s Hongqiao, which owns the remaining 70 percent of the alumina refining company.
The smelter would process bauxite from the company’s mines into alumina, or aluminium oxide, used mainly in the making of aluminium metal.
The smelter plans to produce up to 2 million metric tons of alumina annually, which can also be used as abrasive material due to its hardness, or as a refractory material, because of its high melting point.
Bauxite and nickel miners have been hit the hardest in the wake of Indonesia’s policy initially aimed to ban mineral ore exports.
The regulation was slightly tweaked later on, however, to allow concentrate exports for some minerals, including copper, zinc, iron ore, manganese and lead, though different purity level apply.
“We will cease our bauxite ore exports until the government implements a clause exempting the company from the mineral export ban,” said Citro Utori president director of Cita Mineral, a company that controls mining concessions in Ketapang, West Kalimantan.
Cita Mineral is controlled by the conglomerate Harita Group, whose owner, Lim Hariyanto Wijaya Sarwono, was named the 42nd richest man in Indonesia by last year’s Globe Asia magazine with an estimated net worth of $990 million.
Harita, trough its joint venture unit Well Harvest Winning Alumina Refinery, is in the process of developing a $1 billion alumina smelter in Ketapang, West Kalimantan, which is expected to be operational by the end of 2015.
Harita controls 30 percent of Well Harvest and is partnering with China’s Hongqiao, which owns the remaining 70 percent of the alumina refining company.
The smelter would process bauxite from the company’s mines into alumina, or aluminium oxide, used mainly in the making of aluminium metal.
The smelter plans to produce up to 2 million metric tons of alumina annually, which can also be used as abrasive material due to its hardness, or as a refractory material, because of its high melting point.
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