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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China Customs data showed a rise in China’s bauxite imports during November, followed by three consecutive months of downfall. Recording a growth of 11.38 per cent from a month ago and 21.9 per cent from the same period last year, the amount of import rebounded to 7.21 million tonnes. In October,...
The Energy and Mineral Resources Ministry of Indonesia has lowered its projections for nickel and bauxite smelter construction by 2022 due to shortfalls in investment. Indonesia’s government in September expedited the nickel ore export ban by two years to January 2020 from 2022 as part of its...
Indonesia’s imports of aluminium scrap from the US stood 17.85% higher month-on-month in August. Scrap imports amounted to 9,440 tonnes as compared to 8,010 tonnes in July. Compared to June, imports registered a growth of 35.05% or 2,450 tonnes. Aluminium scrap imports in August inched up by 7.76%...
According to Shanghai Metals Market, Indonesia’s alumina producer PT Well Harvest Winning (WHW) and Jakarta-based mining firm PT Cita Mineral Investindo (CITA) signed a bauxite supply agreement on December 3. This was confirmed by China Hongqiao Group, which owns 56% stake in WHW. Cita Mineral owns...
As updated by Shanghai Metals Market, China’s imports of bauxite continued to fall for the third straight month. China imported 6.48 million tonnes of bauxite in October as compared to 6.75 million tonnes in September. Bauxite imports declined by 3.97% month-on-month and 6.01% year-on-year,...
Indonesia, with the sixth-largest bauxite reserves in the world, reportedly believes that its bauxite downstream can reach US$13 billion next year from the current US$9 billion. Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan pointed out that the country, despite having the...
According to a Reuter’s report, Indonesia’s alumina producer PT Well Harvest Winning (WHW) exported 823,997 tonnes of smelter grade alumina in the first three quarters of 2019. This was communicated by company spokesman Suhandi Basri on Monday, November 4, 2019. China Hongqiao Group Ltd owns 56%...
A consortium led by China Aluminium International Engineering, a listed arm of Chinese aluminium giant Aluminium Corporation of China, has reportedly won a contract worth RMB 5.3 billion (USD745.3 million) to build an alumina refinery in Indonesia. The news arrived after Chalieco confirmed on...
Indonesian government is weighing on the proposal of the bauxite-rich province of West Kalimantan for change in royalty rules after the recent increase in bauxite production. According to a statement from the coordinating ministry for maritime affairs in charge of mining, the central government is...
According to a recent report, Black & Veatch-led project management consortium (PMC) has been appointed by PT Borneo Alumina Indonesia to manage the development of an alumina refinery in West Kalimantan. The facility, according to Black & Veatch, will feature a 1 Mt/year smelter-grade alumina...
According to the latest data from China Customs, China’s imports of bauxite increased 14.56 per cent year-on-year to 9.04 million tonnes in August 2019. Imports dropped 6.41 per cent month-on-month as rainy season deterred shipments from Guinea. Imports of bauxite in the first eight months of 2019...
According to the global export-import data, the United Arab Emirates’ alumina imports from India is likely to drop marginally this year, in tandem with the current estimation of year-on-year decline in the UAE’s total imports of alumina. In 2019, the country’s alumina imports from India are...
Indonesia has announced that it would ban exports of nickel from the country from 1 January 2020 next year, two years ahead of the slated timeline. Local media report also says that Indonesia is also considering expediting its ban on bauxite exports. Luhut Pandjaitan, coordinating minister of...
The US dollar weakened against sterling. The dollar index pared some losses and ended 0.08% lower at 98.33. Base metals closed mixed. SHFE aluminium lost 0.1% and LME aluminium grew 1%. Three-month LME aluminium surged during the Asian trading session on market talk that Indonesia will expedite its...
According to the latest data from China Customs, China’s imports of bauxite increased 3.8 per cent month-on-month to 9.66 million tonnes in July 2019. China had imported 9.3 million tonnes of bauxite in June. Imports rose 32.7 per cent from 7.28 million tonnes in July 2018. {newsStudioGallery}...
There has been a buzz in the metals market that Indonesia might bring forward a planned ban on mineral ore exports from 2022. However, a key Indonesian mining ministry official said that there is no speculation on whether the government might bring forward a planned ban on mineral ore exports from...
The latest Customs data showed that China’s bauxite imports in the first six months of 2019 came in at 56.63 million tonnes, after expanding by 39.26 per cent from the same period last year. Greater domestic production of alumina and tighter supply of the ore could be the two reasons for this...
Indonesia is reportedly planning to spend billions of dollars in building aluminium and nickel smelters and reshaping its mining industry, in a bid to cut decades-long dependence on costly imports to meet domestic demand. Report says the Southeast Asian country is seeking to make building smelters...
