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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Fitch Solutions Country Risk and Industry Research says: “New projects coming on line in key producers Guinea, Indonesia and Australia, as well as a ramp-up in Indian and Indonesian production, will drive rapid production growth of bauxite in 2021.” The bauxite mining sector of Australia...
PT Cita Mineral Investindo Tbk presumes that the performance of its bauxite and alumina business will pursue to grow for the left-over 2020, despite the challenges of the COVID-19 pandemic. The company is yet to report its results for the first half of operational performance. During Q1 of 2020,...
The Indonesian Mining Association (IMA) appealed that an increase in value-added or in the mining sector still needed to work on seriously, especially for bauxite commodities. Djoko Widajatno, Executive Director, IMA revealed bauxite is a mineral that does not have much reserves compared to other...
The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Indonesia is a member of G20 and classified as a newly industrialised country. The aluminium scrap import of the island nation during 2019 was recorded with 159,742 tonnes and the...
The first measure commercial vehicles certainly take into account is the operational costs. Selection of tires has become one of the routes to save expenses and the way to save the tires, is by using aluminium rims. Aluminium rims in Indonesia, especially for commercial vehicles, are not yet widely...
According to the latest data from China Customs, China’s imports of bauxite decreased 3.9 per cent month-on-month to 9.54 million tonnes in May 2020. On a yearly basis, imports were up by 3.57% from the same month of 2019. Total imports stood at 47.9 million tonnes in January-May, showed Customs...
The Indonesian state-owned and public listed metal miner PT Aneka Tambang, ANTAM, aims to invest $105 million (Rp 1.5 trillion) in capital expenditure this year to build two smelter megaprojects. On 11 th June’20, Anton Herdianto, Director of Finance, Antam, said: “Most of the funds were slated for...
BNP Paribas, Citigroup Global Markets and HSBC acted as joint global coordinators, joint book-runners and joint lead managers on the 144A/Reg S US$2.5bn triple series notes offering by PT Indonesia Asahan Aluminium, one of the largest issuances from an Indonesian corporate in recent years. The...
PT Vale Indonesia is dedicated to completing the divestment of the company's shares by June’20 as this has missed the original target. Bernardus Irmanto, CFO, Vale Indonesia explained: “The joint management with partners, namely Vale Canada Limited and Sumitomo Metal Mining Co. Ltd. stated that...
China’s bauxite imports rose to a record high in the first quarter of 2020, owing to greater demand and lower sea freight costs, found China customs data under HS code 26060000. In the first three months of 2020, China imported 28.41 million tonnes of bauxite, the highest quarterly import volume on...
Antam, the Indonesian mining and metal giant, recorded positive operating, sales and financial performance in 2019. Audited sales were Rp 32.72 trillion, up 29.44% from the previous period of Rp 25.27 trillion. The sales were supported by the growth of production level and sales of main...
The Indonesian government has been in a continuous process to encourage increasing the production of domestic aluminium. But still, the export market of Indonesia’s household articles has been inconsistent throughout 2017-19; as well the 2020 prediction has shown a steep slow down. In 2017 the...
According to China customs data, the country in the entire year of 2019 imported 100.66 million tonnes of bauxite, compared to 82.57 million tonnes in 2018. This means the year saw an increase of 21.91 per cent in the import volume, exceeding the 100 million tonnes level for the first time. The...
President Joko Widodo government in Indonesia is in constant motivation to increase the national aluminium production. The focused figure is 1.5-2 million tonnes per annum by 2025, keeping in mind the present production 250,000 tonnes. The government is seeking to enable manufacturers to align with...
Indonesia Asahan Aluminium (INALUM) has put down long-term intent of tripling its production volume by stretching out operations to the Island of Borneo, as it solicits to resort the region’s profuse bauxite reserves. According to Managing Director, Oggy Achmad Kosasih “The state-owned company...
According to a recent report, Indonesian state-owned construction firm Pembangunan Perumahan (PP) and China Aluminium International Engineering Corporation Limited (CHALIECO) have signed a contract worth US$ 695 million to build an alumina refinery. As per the report, the refinery is to be...
Indonesia stands aligned with the top bauxite production nations and still, its alumina production and export have not been considered at a high level. But in recent years it has shown some gradual rise in alumina exports (2016-20). The Alumina export of Indonesia has shown a growth of 96.29% when...
Emirates Global Aluminium and PT Indonesia Asahan Aluminium (INALUM) have signed a Memorandum of Understanding (MoU) for licensing the UAE-developed EGA technology to INALUM, upgrading an existing INALUM smelter, and developing a new aluminium smelter in Indonesia. The MoU was signed by Abdulla...
