PT Alamtri Resources Indonesia Tbk (ADRO), the Jakarta-listed natural resources company, is entering a new stage of growth as its aluminium smelting investments begin to take shape alongside stronger margins from its metallurgical coal business. The outlook has strengthened Sucor Sekuritas' view of...
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...
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The aluminium food container is considered one of the budget-friendly food-grade containers and one of the customarily used packaging solutions across food industries. As metal aluminium is a poor insulator and doesn’t permit the heat to pass through, this makes aluminium foils and containers, the...
This week, the bauxite industry started with the news that, a team of Andhra Pradesh Mineral Development Corporation (APMDC) officials had started their journey to London for attending the upcoming hearing of a case scheduled on September 27 concerning the international arbitration raised by...
On 27th September 2021, the CEO of the state mining holding firm Mining Industry Indonesia (MIND ID), Orias Petrus Moedak stated the company is looking out for an initial public offering (IPO) around the end of next year for its bauxite mining business. The CEO further added, as a controller...
The Ministry of Finance, Govt. of India has imposed definitive anti-dumping duty on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia. The validation of the duty is for five years, while it ranges from $93.53 to $976.99 per tonne depending on the...
The primary source of aluminium production, bauxite gained its output by 1.2% in 2020, from the previous year to 371 million tonnes, as per the latest report by GlobalData. The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's...
On 2 nd September 2021, as the prices for the raw material of the metal aluminium towered at two years high, an advisor to China Hongqiao Group stated that the Group’s alumina refinery in Indonesia to commence its 2 nd phase up by the end of 2021. In 2016, the first 1 million tonnes per year phase...
The largest distributor of aluminium extrusion in Indonesia, HK Metals Utama’s revealed that its aluminium sales have grown significantly, amid the Covid-19 pandemic. The 2020 financial statement of the company reflects that throughout the year the aluminium sales surged to Rp 264.11 billion when...
Indonesia countered one of the world's worst coronavirus outbreaks due to the expeditious spread of the Delta variant, reporting around 1,000 deaths from the deadly virus each day in July 2021. Bank Indonesia, the central bank of the country held its key interest rate at a record low to cushion the...
On Tuesday, August 10, Tianshan Aluminum Group Co.,Ltd. announced that it signed a letter of intent with an unnamed Indonesian mining holding company and its controller. According to the letter of intent signed, Tianshan will buy a minimum of 49 per cent of shares of the bauxite company through...
News that has topped the headline this week under the alumina sector is Altech Chemicals Limited’s establishment of its own research and development laboratory in Perth, Western Australia. The news came after the company itself announced it on Monday, July 5. The establishment was smoothly...
Indonesia’s first and largest smelter grade alumina producer, PT Well Harvest Winning Alumina Refinery management took seriously the issue of a strike that will be carried out by the PK-SBSI labour union and PT Well Harvest Winning Alumina Refinery’s FSBSPK regarding the issue of the structure of...
The construction of the alumina refinery with a production capacity of 1 million tonnes per year in the Galang Batang Special Economic Zone has been accomplished, as confirmed by President Director of PT Bintan Alumina Indonesia (BAI), Santoni. The bauxite to alumina processing plant with 98%...
The former Indonesian National Board for Disaster Management (BNPB) chief Doni Monardo, and who is also a retired Army Lieutenant General of the Indonesian National Armed Forces (Indoneisan National Military), has been appointed as President Commissioner of state-owned, PT Indonesia Asahan...
Indonesia is classified as a newly industrialized country, as the economy remains the largest in Southeast Asia. As per the report released on 28th April 2021 by Asian Development Bank (ADB), Indonesia’s growth rate is expected to reach 4.5% in 2021 and 5.0% in 2022 amid improving global conditions...
China’s Tsingshan Holding Group has planned to increase aluminium production in Indonesia in 2023 as the group diversifies operations in the country, CRU senior consultant Ying Dai said. The group will ramp up capacity to 500,000 tonnes per year in 2023. Tsingshan, which at present manufactures no...
Mining Industry Indonesia (MIND ID) has assigned a capital expenditure (capex) of Rp 29 trillion (US$2.05 billion) for the year 2021, with a focus on developing an alumina refinery. MIND ID president director Orias Petrus Moedak said last week that of the total allotted fund, Rp 2 trillion would be...
The Indonesia based PT Cita Mineral Investindo Tbk (CITA), a bauxite mining company and the first Smelter Grade Alumina (SGA) producer in the nation through its associated entity PT Well Harvest Winning Alumina Refinery (WHW), yielded a positive performance in 2020, amid the impact of the Covid-19...
PT Indonesia Asahan Aluminum (Inalum) has announced that it will improve its aluminium smelting furnace technology with the help of three EPC companies, namely SAMI, PT Waskita Karya (Persero), and PT Unefeco. The news came after the executive director of PT Inalum (Persero), Sophia Issabella...
