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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PT Indonesia Asahan Aluminium (Inalum) has set a target of producing 244,000 tons of aluminium in 2016. President Director Winardi Sunoto, said on September 8, Thursday, that the companys production target for 2015 had been set at 255,300 tons. "Unlike in 2016, Inalums production will be in the...
The US$ 200 million worth bauxite mining project that Singapore-based Winning International Group has planned to start in the Boke region of western Guinea of Africa, through its formed consortium will sideline traditional suppliers like India, Australia, and Indonesia. Winning plans to export 30...
Aneka Tambang (Antam), the leading state-owned diversified mining company of Indonesia, is in talks with China Development Bank for a loan of $1.5 billion for an alumina refinery project that is currently being undertaken in the state. SOE Minister Rini Soemarno told on Tuesday, October 6, "We are...
Indian aluminium giant National Aluminium Co Ltd (Nalco) is exploring opportunities in Oman, Iran and Indonesia to set up an aluminium smelter plant with an estimated investment of around US$3bn. The company would finalise the location for the plant after examining factors like availability of low...
President of Indonesia, Joko Widodo (Jokowi) visited a container seaport and an aluminum processing plant in Dubai during his recent visit to the Emirates. The president closely evaluated the seaports management, which is run in an efficient and timely manner. "We have prepared the guidelines for...
In an effort to add value to the country’s mineral resources and more importantly to create jobs Indonesian government has decided not to relax its ban on export of bauxite and other minerals in its upcoming stimulus policy package. This is significant because the ban has already cost Indonesia,...
PT Well Harvest Winning Alumina Refinery (WHW) development project continued speeding the processing of bauxite into alumina. Li Yu Yong, Project Leader alumina smelter PT WHW, said that the company had already begun construction. This phase has been underway since 2013 and is scheduled for...
The AWAC global alumina alliance of Alcoa and the ASX--listed Alumina is exploring the potential to ship bauxite from its Western Australia operations to fill the supply hole caused by Indonesia’s ban on exports of the alumina raw material. AWAC and its predecessors have been producing bauxite for...
PT Antam Tbk and PT Indonesia Asahan Aluminium (Inalum) signed a Memorandum of Understanding ( MoU) to cooperate in the construction of Smelter Grade Alumina (SGA) plant. The signing of the MoU has been conducted between the Director of ANTAM Tedy Badrujaman and Director of Inalum Winardi in...
Indonesia’s ban on ore exports, which choked off shipments of bauxite, spurred local companies to head to Malaysia, underlining the challenges that Southeast’s Asia biggest economy faces in trying to boost metals processing. At least five Indonesian miners invested in Malaysia by the end of last...
State-owned aluminium maker PT Indonesia Asahan Aluminium (Inalum) will spend around US$750 million on a steam-fueled power plant, which would double its production capacity, starting from mid-next year in anticipation of higher energy demand. Inalum president director Winardi Sunoto said Friday...
Indonesia's government is discussing legal avenues to allow a resumption of bauxite exports to help kickstart stalled smelter projects, top officials said, as Southeast Asia's largest economy tries to promote infrastructure development. Indonesia imposed restrictions on exports of unprocessed metal...
China Hongqiao Group, which is poised to surpass Russia's Rusal as the world's biggest aluminium producer, plans to spend 10 billion yuan on building power plants and expanding smelting capacity in China and on projects in Indonesia and Guinea. The Shandong firm aimed to raise its output by 22.5...
An alumina refinery in Sungai Tengar village, Kendawangan district, Ketapang regency, West Kalimantan, is set to provide 3,000 jobs for local residents. Ketapang Development Planning Board economic affairs head Alexander Wilyo told The Jakarta Post on Tuesday that the opportunity was expected to...
The Indonesian Resources Studies (Iress) praised on Sunday the performance of state-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) for doubling its April-December 2014 profits from the same period of the previous fiscal year. “Inalum’s increased net profits show that Indonesians in...
Alumina says average earnings per tonne jumped at its AWAC joint venture during the first quarter of the year amid "healthy demand" and lower costs, while the longer-term outlook is likely to benefit from a global supply squeeze. Chief executive Peter Wasow said average alumina earnings before...
The world’s largest aluminum producer, United Co. Rusal, is looking for some small acquisitions as it seeks to diversify and expand its business, the company’s chief executive, Vladislav Soloviev, said Monday. Mr. Soloviev said he’s looking at smaller deals, such as bauxite producers in Indonesia...
Global commodity prices have pulled down the sales of PT Indonesia Asahan Aluminium (Inalum) by 10% in the first quarter of 2015. The fall in sales and the steadily declining premium price in the global market over the past two months has prompted the decision that the company will not be exporting...
