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 plans of building alumina refineries by bauxite producers in Indonesia are getting delayed due to legal uncertainty over export ban that was imposed nearly five months ago, said government & industry officials. The Constitutional Court of Indonesia has to still decide on a legal challenge...
State-controlled aluminum maker Indonesia Asahan Alumunium (Inalum), is seeking $1.33 billion to help finance the construction of a smelter, power plant and expansion of its port, its chief said. Winardi, the president director of Inalum, said the source of financing would come from bank loans,...
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...
Chinese investors are planning to build an aluminium plant in West Kalimantan and also an industrial park in West Java, which would have a total investment of around US$1.6 billion, said a minister. On Friday, MS Hidayat, the Industry Minister said Chinese firms were looking for local partners to...
China imported a total of 1.58 mn mt of bauxite in the month of April, down by 76.59% YoY. China Customs said, YTD imports through the month of April were 14.47 min mt, down by 29.92% YoY. There was no information about Indonesian bauxite arriving in China in April and Australian bauxite imports...
Indonesia’s export ban on raw ore sent nickel prices surging this year, but aluminum prices, along with related exchange traded notes, have been left behind. Now, some traders are pointing to potential opportunity in aluminum. From 2007 to 2013, Indonesia accounted for 60% of global exports of...
China Hongqiao Group Ltd. (1378), the nation’s largest non-state aluminum producer, is in talks to buy a bauxite mine in Africa to secure raw material. “We are looking to lock up resources in Africa and may make some concrete progress over the next six months,” Christine Wong, head of corporate...
China, the leader in aluminium industry is facing an increasing shortage of bauxite after the Indonesia’s mineral export ban came into effect, said Wood Mackenzie, the advisory firm. It was expected that China’s alumina refinery production would grow nearly 17 mn tons by the year 2018, followed by...
Publicly listed diversified mining company Aneka Tambang (Antam) reported that its first-quarter sales dropped by nearly 35 percent year-on-year (y-o-y). However, Antam’s bauxite production rose by 186 percent y-o-y to 115,340 wmt, as the company has been aggressively boosting the commodity’s...
According to Shanghai Metals Market, Indonesian government won’t be able to ease the export duty imposed on bauxite exports. Though it has been decided to cut export duty on other nickel and copper, but no such changes would occur in bauxite.
China imported 1.83 million tonnes of bauxite in March, down by 59.17% year-on-year due to falling arrivals and soft consumption, according to Shanghai Metals Market. The sharp drop in imports was due mainly to no shipments to China from Indonesia after its ban on ore exports, according to SMM's...
PT Indonesia Asahan Aluminium (Inalum), the aluminium producer, plans to make an investment of $1.9 billion until 2019, said Agus Tjahajana, the president. The company is also planning to build a $1.2 billion worth aluminium smelter with a total capacity of 250,000 tons per year and a $700 million...
Energy Minister Phillip Paulwell has expressed concern about Russian aluminum company UC Rusal's move to expand its businesses elsewhere while its interest in Jamaica continues to lag behind. Energy Minister Phillip Paulwell yesterday told a parliamentary committee that he was taken aback by news...
Aluminium prices could averatge $1880 per ton in 2015, rising to an average of $2075 per ton in 2015, according to Natixis in the Q1,2014 metals review. After years of chronic surplus, the global aluminium industry is going through a period of substantial change. In Russia and the west, producers...
State Enterprises Minister Dahlan Iskan has named former director of PT Aneka Tambang as the president director of PT Indonesia Asahan Aluminium (Inalum). "Winardi was confirmed as the new president director of PT Inalum in a shareholders meeting several days ago. The post transfer will be done on...
State-owned miner PT Aneka Tambang (Antam) is mulling over plans to obtain up to US$250 million in fresh funds this year to finance its Pomalaa ferronickel plant expansion in Southeast Sulawesi, which is expected to boost the company’s nickel output by nearly 40 percent. The $573 million expansion...
Indonesia's ban on the export of bauxite has come into being for almost over 2 months but it hasn’t impacted the Chinese imports. China’s February bauxite imports have witnessed a reduction this year. China imported 3.2 mn tons in February and 2.13 mn came from Indonesia. Bauxite imports from...
China registered a sharp drop in imports of bauxite in February due mainly to few arrivals from Indonesia, Shanghai Metals Market learnt. Inbound shipments tumbled to 3.23 million tonnes in February, down 23.86% year-on-year. Total imports were 11.23 million tonnes during the first two months of...
