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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Bauxite mining contractors and other stakeholders have halted operations in West Kalimantan and Riau Islands, the country’s biggest producers of the ore, as the government effectively banned mineral ore exports on Sunday. Some contractors, however, stopped operating three months ago. Dedy W....
China’s second-biggest aluminum producer Shandong Nanshan Aluminium Co. Ltd. will begin construction of processing facilities and supporting infrastructure totaling US$5 billion in Indonesia in the first quarter of this year. Industry Minister MS Hidayat, who last week visited the firm’s integrated...
Indonesia's mining ministry on Wednesday sought to ease a looming mineral export ban by proposing a regulation that would allow shipments of some mineral ore concentrates to continue until 2017. However, the proposal, which must be approved by President Susilo Bambang Yudhoyono, does not include...
State-controlled miner Aneka Tambang plans to start commercial operations of its $450 million aluminum processing plant located in Tayan, West Kalimantan in April, trying to fulfill a government requirement on the export of value-added minerals. Tri Hartono, corporate secretary of the company known...
China’s bauxite imports tumbled in November as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments were 5.37 million tonnes last month, surging 48.7% year-on-year, but down 23.0% month-on-month. Imports throughout the first eleven months totaled 65.53 million...
Aluminium Bahrain (Alba) welcomed a high-level delegation from the Indonesian Parliament, which is on a visit to the kingdom to further strengthen business relations and cultural ties between the countries. The eight-member delegation, led by Muhammad SohibulIman, Deputy Speaker of the Indonesian...
There is potential for a sharp drop in bauxite imports by China from Indonesia after January, at least in the short term, though China is comfortably stocked with bauxite which will provide it with some buffer, said London based Barclays in its recent market analysis Meanwhile, the pace of growth...
Glencore Xstrata Plc (GLEN), multinational company engaged in mining, oil and gas and commodity trade sector, will construct mineral processing and refining plants in Indonesia, if the government realizes mineral export ban next year. MS Hidayat, the Minister of Industry, said Glencore is...
Indonesia's government is re-examining provisions in a mining law that would ban exports of unprocessed metal ores from next year, chief economic minister Hatta Rajasa said on Thursday, asserting that the law must not be breached. A furious debate has erupted over the scheduled export ban, an issue...
Indopura Resources, a joint venture between companies from Indonesia, Singapore, and China, started the construction of its $500 million chemical grade alumina plant in Kubu, West Kalimantan, in an attempt to tap rich bauxite resources in the region. Indonesia is seeking to reap more added value...
No one is getting too excited just yet, but there is a chance that Indonesia of all places may be about to do Australia a big favour -- more particularly, our tin, nickel and bauxite producers. Like the rest of the mining sector, all three could do with a bit of early Christmas cheer. Apart from...
The Indonesian government today formally took over as owner of aluminium producer PT Indonesia Asahan Aluminium (Inalum), Southeast Asia’s only aluminum smelter, ending the 30-year management by a majority-Japanese consortium. Indonesia and Japan signed the Asahan Project takeover agreement at the...
The government has officially taken over PT Indonesia Asahan Aluminium (Inalum) from Nippon Asahan Aluminium Co. Ltd., ending the Japanese consortium’s 30-year contract in Southeast Asia’s largest aluminium smelter. With the takeover, the government aims to double the company’s output capacity. The...
The Indonesian government has reiterated plans to ban tin, bauxite and nickel ore exports from January 2014. The extent of the bans and the specific implications are still unclear, as some exports may still be allowed if companies reveal an intention to build smelters in the country. The move is...
Japanese consortium Nippon Asahan and the Indonesian government are close to finalizing the handover of the 250,000 mt/year Asahan aluminum smelter, a Japanese source familiar with the negotiations said Monday. "We are continuing the negotiations and are likely to strike an agreement with the...
November 2013 marks a milestone in the history of Indonesia’s resources industry as the Indonesian government is finalizing the takeover of Inalum, the only aluminum smelter that exists both in Indonesia and Southeast Asia, from its long-time partner, Nippon Asahan Aluminum (NAA). Producing...
Two of the world’s leading commodities players plan to set up ore refineries in Indonesia to take advantage of the country’s policy banning unprocessed ore exports, beginning next year. Senior executives of the two companies, the world’s fourth-biggest diversified miner, Glencore Xstrata, and the...
The government and Japanese shareholders of PT Indonesia Asahan Aluminium (Inalum), which operates Southeast Asia’s only aluminum smelter, have in principal agreed on a provisional price for the firm’s assets and a mechanism for ownership transfer. Coordinating Economic Minister Hatta Rajasa said...
