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 Japanese owners of Southeast Asia’s only aluminum smelter are seeking an amicable resolution to a dispute with the Indonesian government over its takeover of the plant and are holding off on possible arbitration, Reuters reported. “Our negotiations are still continuing, but both parties think...
China’s bauxite imports soared in September ahead of Indonesia’s possible export ban in 2014, Shanghai Metals Market (SMM) has learned. China imported 7.59 million mt of bauxite during September, surging 347.09% YoY. YTD imports through September totaled 53.498 million mt, also up 76.14% YoY,...
Metal Bulletin’s 3rd alumina and bauxite conference which has recently concluded in Singapore highlighted the following topics: 1. Challenges remain for Indonesia in implementing its proposed ban on exports of raw materials. Among them are dealing with the interests of local power centres who issue...
Nippon Asahan Aluminium (NAA) has sent a letter to the Indonesian government asking for the settlement of a dispute over the takeover of PT Indonesia Asahan Aluminium (Inalum) through international arbitration. In a press statement received by ANTARA here on Friday, the Ministry of Industry said...
Fishermen in Batubara regency, North Sumatra, have said they are concerned with seawater contamination caused by waste containing cyanide allegedly from PT Indonesia Asahan Aluminium (Inalum). Anuar, 53, a fisherman from Perupuk village, said he often found dead fish, such as local fish gelamo,...
State-Owned Enterprises (SOE) Minister Dahlan Iskan has guaranteed that PT Inalum will not face raw material supply problems after it is taken over from Japan by his ministry on November 1, 2013. "The House of Representatives (DPR) and the government have approved the acquisition of Inalum and...
The government finally secured approval from the House of Representatives on Wednesday to take over PT Indonesia Asahan Aluminium (Inalum) from Japanese consortium Nippon Asahan Alumunium (NAA) after a pompous political drama. The Jakarta Post’s North Sumatra correspondent Apriadi Gunawan reported...
Showa Denko K.K. and PT ANTAM of Indonesia, held a ceremony for the commencement of commissioning phase of a new chemical alumina plant in the Tayan District. West Kalimantan, Indonesia, on October 28 as a milestone of the construction project that started in April 2011. After going through the...
Under the impact of rising virgin aluminum prices, Nanshan Aluminum announced on October 22 that considering the bauxite export restriction of Indonesia to China, the company intends to build factories in Indonesia to insure supply and is conducting preliminary research. But the feasibility of the...
Aluminum producer PT Indonesian Asahan Aluminum (Inalum), which the government plans to take over from its Japanese shareholders, is expected to be the main buyer of alumina to be produced by local smelters, an official says. The director for minerals at the Directorate General for Minerals and...
The House of Representatives agreed on Tuesday to hand over PT Inalum`s management to the State-Owned Enterprises (SOE) Ministry following the government`s decision to acquire it after three years of negotiations with the Japanese government. The House made the decision in its joint meeting with...
Indonesia’s mining industry will collapse if the government moves ahead with a planned ban on the export of raw minerals, the country’s chamber of commerce has warned. The southeast Asian nation, which is facing strong economic headwinds, is the biggest exporter of coal for power stations, nickel...
The Indonesian government said on Tuesday that it had raised its valuation of aluminum producer Inalum from $424 million to $558 million — a 31.6 percent increase — in its ongoing negations to assume control of the 58.8 percent stake in the company held by Japanese consortium Nippon Asahan...
State mining company Aneka Tambang, commonly known as Antam, says it expects to gain an additional $150 million in revenue from its alumina smelter plant slated to open later this month in Tayan, West Kalimantan, the company’s chief said on Thursday. Antam’s smelter will be able to process up to...
Japanese consortium Nippon Asahan Aluminium (NAA) on Monday countered the Indonesian government’s offer for its stake in aluminum producer Inalum, which is set to expire on Oct. 31, and demanded $626 million. The government, which has in the past said that it will make Inalum a state-owned...
The Indonesian government will go ahead with its plan to take over North Sumatra-based aluminum producer PT Indonesian Asahan Aluminium (Inalum), despite an arbitration threat from Japanese shareholders, Coordinating Minister for the Economy Hatta Rajasa said. According to Hatta, the government had...
China’s Shandong Nanshan Aluminum had allocated at least $5 billion to build a facility to process bauxite in Bintan, Riau Islands, Industry Minister M.S. Hidayat has announced. “They already started the project with a purchase of 1,000 hectares of land,” the minister said after a meeting with the...
China's Shandong Nanshan Aluminium Co Ltd plans a $5 billion integrated aluminium plant on the Indonesian island of Bintan, company Chairman Song Jianbo said on Wednesday. "(It) will be completed within 3 years. We will use local bauxite to make up alumina and then we will use the alumina to make...
