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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Shandong Weiqiao Pioneering Group’s 750,000-tpy high-precision aluminum plate, sheet and strip project, with a total investment of 7.5 billion yuan ($1.22 billion), has now reached its designed capacity, China Nonferrous Metals News cited the company’s chairman Zhang Shiping as saying today. The...
State-owned PT Indonesia Asahan Aluminium (Inalum) will diversify its product range by producing aluminum alloys and baked carbon anodes to supply the aerospace and electronics industries. Sahala Sijabat, the president director of Inalum, which only a few months ago was taken over by the...
PT Indonesia Asahan Aluminium (Inalum), the aluminium producer announced that it had supplied 105 MW of electricity in North Sumatra in order to resolve the province’s recurring power outages. Sahala Sijabat, the president director of Inalum said the supply of electric power was a free contribution...
In a bid to double its production capacity by 2019, state-owned aluminium maker PT Indonesia Asahan Aluminium (Inalum) is planning to build a new smelter in the first half of this year, with estimated investment to reach US$1 billion. Inalum development director Winardi Sunoto said on Thursday that...
United Co.Rusal PLC, the aluminium producer, accepted the controversial move of Indonesia to restrict mineral ore export and said it will build an alumina refinery complying with the new laws of the country. The laws have already raised many a concerns among the global mineral competitors. But Oleg...
Russian firms plan to invest up to six billion dollars in Indonesia's mining sector this year, Jakarta said Tuesday, despite its recent mineral export ban that has worried foreign investors. Projects include a refinery on Borneo to process bauxite, an aluminium ore, and a railway on the island to...
United Co. Rusal PLC signed a MoU with PT Arbaya Energi to develop an alumina smelter in West Kalimantan province of Indonesia The two companies will "work together to develop the appropriate resources and infrastructure investment," Rusal said in a statement. Rusal didn’t talk about its...
China’s bauxite imports hit record high in January as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments reached 8.02 million tonnes last month, spiking 57.81% year-on-year. Indonesia contributed 6.14 million tonnes, soaring 105.04% YoY, while Australia...
aluminium sector, with Indonesia’s ban on exporting metal ores set to boost costs of the raw material bauxite and pile more pressure on struggling smelters,” reports Reuters. “Beijing has been issuing broadbrush rules aimed at reining in overcapacity in sectors such as aluminium and steel for about...
Indonesia’s ban on key mineral ores export (except the ones processed in Indonesia) risks backfiring as less commodity means it will not be cost-effective for aluminum producers to invest in expensive refineries and smelters. The ban came into effect on the 12th of January, was unveiled in 2009 as...
Bauxite miner Cita Mineral Investindo ceased its bauxite ore export activities on Jan. 12, following the mineral ore export ban implemented by the government. Bauxite and nickel miners have been hit the hardest in the wake of Indonesia’s policy initially aimed to ban mineral ore exports. The...
Less than two weeks after the government issued a ban on raw mineral exports, five bauxite mining companies operating in Tanjungpinang municipality, Riau Islands province, have ceased operations, a local official has said. Tajungpinang Marine, Fishery, Forestry and Energy Agency head Sumardi said...
Indonesia Investment Coordinating Board BKPM announced three processing and mineral concentrate refineries (smelters) are in the construction phase and they expect them to be ready for production in Indonesia in 2014. Two of the smelters will process as well as purify iron ore, bauxite will be...
PT Indonesia Chemical Alumina, bauxite ore processing company into Chemical Grade Alumina (CGA) in Tayan, West Kalimantan, a subsidiary of PT Aneka Tambang Tbk (ANTM)or Antam is projected to absorb 670,000 wet metric tons (wmt) of bauxite this year. Antam’s bauxite reserves reach 108.8 million wmt...
S.S. Sijabat, the president director of PT Indonesia Asahan Aluminium (Inalum) announces the plans of the company to increase its total aluminium production in various stages, from their present production that is around 260,000 tons. It plans to produce 650,000 tons of aluminum per year. "All of...
Despite the Indonesian bauxite ban, Chinese firms are more careful about building alumina refineries in Indonesia, officials at one of the refineries in China said. One firm had cancelled its plans entirely. Bosai Minerals has withdrawn their plans to build a two million-tonne-a-year complex in...
The delayed and more critical impact of mineral export ban in Indonesia is slowly being felt in the aluminium industry. London aluminium futures hardly gained up 0.6% over the same 3-day trading period and the benchmark contract in Shanghai also came down by 0.6%. While Indonesia relaxed some of...
China's stranglehold on the global aluminium industry could be weakened by changes to export laws in Indonesia, according to American giant Alcoa. Indonesia on Sunday enforced a long-awaited mineral export law that effectively bans unprocessed ores from leaving Indonesian shores. The policy is...
