Indonesia's Attorney General's Office has seized assets worth IDR 338.36 billion (USD 19.1 million) and named five suspects in an alleged corruption case involving a bauxite mining permit in West Kalimantan. Indonesia's Attorney General's Office (AGO) has seized IDR 338.36 billion (USD 19.1...
CREA estimates that Chinese investment in Indonesia's aluminium industry currently stands at between USD 5.5 billion and USD 6 billion, and forecasts that figure could rise to USD 30 billion by 2030. China currently produces around 60 per cent of the world's aluminium. Chinese companies began...
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General Administration of Customs showed China’s bauxite imports continued to total above 10 million tonnes in August 2022. As per the data revealed, the country imported 10.75 million tonnes of the ore, which reflected an increase of 1.48 per cent month-on-month and 23.53 per cent over the year....
A joint venture formulated between Indonesian entities Aneka Tambang (Antam) and Inalum, most commonly known as Borneo Alumina Indonesia, might discard its plan of constructing an $831.5 million alumina refinery located at Mempawah Regency in the West Kalimantan Province of Borneo Island. This...
The first phase of PT Adaro Energy Indonesia Tbk's aluminium smelter in North Kalimantan will operate commercially in Q1 2025 with a capacity of 500,000 tonnes. Adaro is Indonesia's second-largest coal miner by production volume and most significant by market capitalization. Adaro strives to seize...
The Indonesian state-owned corporation PT Perusahaan Listrik Negara (PLN), which has a monopoly on electric power distribution in the country, has agreed to supply the energy needs of mining company PT Bintan Alumina Indonesia (BAI) until 2050. A Memorandum of Understanding (MoU) was inked in the...
Nusantara is set to replace Jakarta as the capital of Indonesia, and an analyst panel has discovered that there are many potential clientele bases around Malaysian states, Sabah and Sarawak. The research arm of Kenenga Investment Bank Bhd (Kenenga Research) stated that these two states are...
The company engaged in the mining and trading metallurgical coal, PT Adaro Minerals Indonesia Tbk (ADMR) stock value zoomed on 11th August 2022, after reportedly the news floated the possibility of investment from the giant South Korean automotive company, Hyundai. Citing data from the Indonesia...
On 9th August 2022, the President of Indonesia, Joko Widodo, inaugurated the Kijing Terminal at the port of Pontianak in Mempawah Regency, West Kalimantan province. In addition to crude palm oil (CPO), alumina, bauxite, and other commodities, the region has great potential. The President said, "The...
According to the aluminium industry experts, Indonesia's decision to ban sending out bauxite, an essential input for aluminium, will have no genuine effect on the Chinese aluminium sector, as aluminium producers have expanded their sources and fortified the utilization of aluminium recycling....
A00 aluminium ingot price in China has decreased for the fourth day in a row by RMB 140 per tonne to stand at RMB 19,640 per tonne as of Tuesday, May 10, according to the Shanghai Metals Market data. The average prices are estimated to range between RMB 19,620 per tonne and RMB 19,660 per tonne,...
The global aluminium value chain is still going through rough patches, which the industry thought dissimilar at the beginning of the year. The year 2022 started with a positive note that the worldwide manufacturing sector is rebounding from the dent of the Covid pandemic. Although the shortage of...
The economy of Indonesia is substantial in the South-eastern region of Asia and is one of the leading emerging market economies. The country has a mixed economic system which incorporates a variety of private freedom, combined with centralized economic planning and government regulation. The...
China’s bauxite import for March 2022 witnessed M-o-M hike of 13.58 percent and 15.79 percent Y-o-Y, says the customs data. In total, China imported 11.7 million tonnes of bauxite in March. For the same month, Australia imported a total of 2.95 million tonnes, rising by 15.62 percent M-o-M but down...
The second-largest coal miner in Indonesia, PT Adaro Energy Indonesia Tbk will enter the aluminium sector as a part of the company's diversified business portfolio. Garibaldi Thohir, the President Director of Adaro said, “The Company would soon enter the aluminium business.” He further addressed,...
The largest aluminium producer in the GCC region, Emirates Global Aluminium (EGA) has inked a memorandum of understanding (MoU) with PT Inalum (Persero), the largest primary aluminium producer in Indonesia, concerning a strategic alliance to upgrade Inalum's aluminium by 400,000 tonnes per year....
As per the USGS data, the United States exported a total of 4,000 tonnes of aluminium scrap to Indonesia in December 2021. On a month-on-month analysis, a downfall of 1,850 tonnes or 31.62 percent can be witnessed from 5,850 tonnes in November. In November 2021, Indonesia’s import of aluminium...
China’s alumina imports were 212,900 tonnes and 201,100 tonnes in January and February 2022, reflecting a downfall of 16.58 per cent and 5.57 per cent month-on-month. On a year-on-year calculation, the country’s aluminium imports in January stood down by 35.67 per cent, while imports in February...
The Aluminium Stewardship Initiative has announced the joining of Indonesian state-owned aluminium company Asahan Aluminium (Persero) as a new Production and Transformation member. That brings the total number of ASI members to 217. PT Indonesia Asahan Aluminium (Persero), popularly known as...
Indonesian state miners Aneka Tambang (Antam) and Inalum’s joint venture operation is delayed for two years since its US$831.5 million alumina refinery is not ready yet, as reported by the president director of the joint venture Dante Sinaga who said all this at the parliament on Monday. On 4 th of...
