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 bauxite deposits at Rennell Island is attracting a lot of attention and the newly established mining company, which is a joint venture of Mugava and Solomon Mining Limited, is the third company to show interest in this project. Asia Pacific Investment Development (APID) and Bintang Borneo...
State-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) plans to accelerate the development of its power plant project, an Inalum executive says. Inalum president commissioner Agus Tjahajana said the company was inching closer to completing the feasibility study for the planned 1,000...
State-owned aluminum producer PT Indonesia Asahan Aluminum (Inalum) has revealed that it will reject the government’s request to supply additional power to North Sumatra to overcome the province’s power crisis. In a meeting with the North Sumatra Council on Monday, Inalum Workers Union (SP Inalum)...
A local NGO reported that a Harita group mining company in West Kalimantan, Indonesia has been mining outside its allotted land. Forest Monitoring Volunteers of Borneo (RPHK) found in the their investigation that the P.T Karya Utama Tambang Jaya is using 78 hectares of land for their operations...
State-run aluminum maker Indonesia Asahan Aluminium, or Inalum, is planning to build an aluminum smelter valued at $2 billion and a calcined petroleum coke plant worth $30 million, in a move that will help it to produced value-added products. The smelter will turn bauxite into aluminum, which the...
Russia’s investment and industrial group Vi Holding may pour around US$1.5 billion into building mineral processing facilities in Indonesia, a Russian minister says. The projects would comprise a $1 billion alumina refinery and a $500 million ferronickel smelter, Russian Industry and Trade Minister...
Russian Trade Minister, Denis Manturov, reported to Reuters on Tuesday that the Russian-based industrial group named Vi Holding will be investing $500 million in an alumina refinery in Indonesia, which can be built in the next three to four years. The highly debated mineral export ban in Indonesia...
An associate of Asia Pacific Investment Development (APID), Henry Star Dora says the Renbel Government and people should encourage investment of the Renbel bauxite. He made the statement in Honiara yesterday following the recent revocation of a mine prospecting license and a mine lease granted to...
Anglo African Minerals, an Ireland based company is planning to speed up the development of their Gunieau-based bauxite project of 43-million ton so that it can start production by 2016. The project spread across 338 km square and once it takes off, it will ease the tension caused by the ban on...
After the government ban on mineral ore export, there has been a drastic fall in national output for a number of commodities this year. There is a lot of expectation from the new government due to come in soon headed by president-elect Joko “Jokowi” Widodo, to lay out clear policies to regulate the...
Bintang Borneo Mining company from Indonesia and officials from the Ministry of Mines and Energy are conducting awareness onBauxite mining around Rendova Island in Western Province this week. They are currently in Munda to conduct the mining awareness. Speaking to the Solomon Star in Munda over the...
China Hongqiao Group Limited filed its interim report for the first half of 2014 at the Hong Kong Exchanges and Clearing Limited, reporting 27.5% YOY fall in net profits to 2.04 billion yuan ($0.33 billion) due to falling price of aluminium products. The prime cause behind this decline in net...
China Hongqiao Group Ltd , the country's second-largest aluminium producer, has secured sufficient bauxite to replace supplies from Indonesia, which imposed a ban on exporting unprocessed mineral in January. China in January imported 6.1 million tonnes of bauxite from Indonesia, which halted ore...
Indonesia has no plans to wind back a seven-month old ban on exports of unprocessed nickel ore and bauxite that has led to billions of dollars in planned investments in smelters, top government officials said. Indonesia - previously the world's top exporter of nickel ore and a major bauxite...
The aluminium market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers. After years of chronic oversupply, the market is beginning to...
State mining company PT Aneka Tambang (Antam) said it would ship its first export of alumina next month from its new factory in Tayan, West Kalimantan. “The factory has been in trial operations for several months,” Antam president director Tato Miraza said on Thursday night as quoted by Antara....
Shares in bauxite miner and aluminium smelter Alumina (AWC) have dropped this morning after the company’s chief executive said conditions declined in the second quarter, despite US joint venture partner Alcoa posting an earnings boost. Shares in Alumina finished yesterday 1.41% higher at $1.44...
China’s bauxite imports plunged to 2.12 million tonnes in May due largely to Indonesia’s export ban, Shanghai Metals Market understood. Imports of Indonesian bauxite tumbled 98.81% on a yearly basis to 45,000 tonnes in May, the major reason behind the 65.46% year-on-year slump in China’s total...
