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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Singapore-listed Sincap Group Limited, which trades alumina and thermal coal, and is also involved in property development, has signed a memorandum of understanding to acquire Orion Energy Resources. Orion too is a Singapore-incorporated company and is engaged in mineral trading and logistics...
Malaysian companies generated sales worth RM75.20 million from their participation at the recent Indonesia International Auto Parts, Accesories and Equip Exhibition 2015 (INAPA). Among the products of interest were automotive suspension system, anti-vibration system, lubricants, engine mountings,...
China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
The Indonesian government is in a fix about what to do with the mineral export ban since the announcement of a possible annulment of the ban caused mixed reactions. Said Didu, the head of smelter development acceleration team had said recently that the government is thinking of easing the bauxite...
State-owned diversified miner PT Aneka Tambang (Antam) is still struggling to find partners to support its plan to develop another smelter to process bauxite into lucrative products. Antam corporate secretary Tri Hartono said on Tuesday that the company needed to find further partners to jointly...
An Indonesian mining ministry official on Monday said that export ban on bauxite may be eased to promote smelter building in the country. The country had banned the export of minerals last year in a bid to develop the upstream industry within the country and only export processed, end products....
The Indonesian mineral-ore export ban has affected the state-run diversified miner Aneka Tambang (Antam) reporting a total net loss of Rp 775.29 billion (US$ 59.28 million) for the year 2014 which is a sharp contrast from the previous year where the company enjoyed a net profit of Rp 409.95...
After a Malaysian shipment of bauxite ore sank last month, marine insurers are issuing warnings about the dangers of liquefaction of bauxite that occurs due to the presence of excess moisture and can cause capsizing of the vessel due to dis-balanced weight of the cargo. The Bulk Jupiter that sunk...
Indonesia’s only aluminium smelter, PT Inalum is planning to cut back their production to 202,000 tons whereas they have a capacity of 250,000 tons because they need to divert some of their power for public use. An official from the firm who did not wish to be named said that nearly 210 megawatts...
Aneka Tambang, Indonesia’s state-controlled miner announced on Monday that the $490 million chemical-grade alumina plant in Tayan, West Kalimantan has started its commercial operations. Since mineral export was banned in the country, the company sought to diversify its operations and boost the...
P.T. Indonesia Chemical Alumina (ICA), a joint corporation owned by Showa Denko K.K. (SDK) and PT ANTAM (Persero) Tbk (ANTAM), of Indonesia, has started commercial operation of its new chemical alumina plant established in the Tayan District, West Kalimantan, Indonesia. The term "chemical alumina"...
The metal industry is beginning to receive positive signals as the Federal Government intensifies plans to reduce annual import of basic metal (including aluminium), iron and steel, which is valued at $3.3 billion. The Federal Government is spearheading a move to bring in investors that will...
State-owned mining company PT Aneka Tambang (Antam) is planning to use around Rp 7 trillion (US$551 million) allotted by the government, which will act as a standby buyer for Antam’s planned rights issue, to finance its business projects. Antam president director Tato Miraza said that his firm...
North Sumatra-based aluminum producer Indonesia Asahan Aluminium (Inalum) reported that it had more than tripled profits since the government took over the company from Japanese companies in April 2014. President director Winardi Sunoto said the company’s net profits nearly tripled to US$117...
After the Indonesian bauxite export ban, China has imported nearly 14 times more bauxite form Malaysia in November as compared to March. In March, 48,594 tons of bauxite was imported from Malaysia, a month earlier it was 640,200 and in November it rose by 6.1% to 679,287 tons says the data from...
Rio Tinto's once-pilloried aluminium division could soon rank as the company's second-biggest earner behind iron ore, in what chief executive Sam Walsh has described as "a remarkable turnaround". The revival of a business that was a loss-making basket case barely two years ago was showcased in...
The Indonesian constitutional court rejected the challenge raised by the mining companies regarding the country’s ban on raw materials export which was imposed in January. The ban on mineral ores imposed on 12th January was to channel investments in the direction of mineral processing in the...
Aluminium prices have zoomed up this year. With a return of 19 per cent, year-to-date, aluminium finds its place in the top three best performers in the base metals complex . Indonesia’s ban of exports of unprocessed aluminium ores in January stoked prices. The country is the world’s largest...
