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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Stocks of primary aluminum at the Fushiki Toyama port in northeastern Japan swelled to a record high of 41,000 mt at the end of September, a 24.2% increase compared with 33,000 mt a month earlier, Japanese sources said Wednesday. Stocks increased as Japanese trading houses and end-users built up...
China’s bauxite imports surged in August amid fears that the Indonesian government may impose an outright ban on the exports of unprocessed ores, including bauxite, in 2014. China imported 6.98 million mt of bauxite in August, a 241.55% increase YoY. YTD imports through August totaled 46.12 million...
PT Aneka Tambang (Persero) Tbk (ANTM), a state-owned enterprise in the mining sector, is exploring the marketing of Chemical Grade Alumina (CGA) plant located in Tayan, Sanggau District, West Kalimantan. The factory processing bauxite into CGA will start a commissioning at the end of October. Tri...
Chinese President Xi Jinping brought a passel of investment deals with him on his visit to Indonesia, with companies from the two countries signing agreements valued at $28.2 billion on projects ranging from commodity production and processing to railway infrastructure and an aircraft financing...
Export of bauxite ore and its concentrates (aluminum) during January to June 2013 hit 24.4 million tons, up 23.8 percent compared to the same period last year, based on data from the Directorate of Foreign Trade Ministry of Commerce. Export value of vessel freight on board (FOB) also rose 48.4...
Antam’s $490 million chemical-grade aluminum plant in Tayan, West Kalimantan, is nearly complete. The state miner expects to start operating the plant at the end of October, on track with its original target. The Jakarta-based Antam said in a statement on Wednesday that as of the end of August, the...
Aneka Tambang will commence commissioning of its chemical grade alumina (CGA) plant - Indonesia’s first - located in Tayan, West Kalimantan, in October. Construction of the Tayan CGA project began in June 2011 in order to process Aneka’s bauxite reserves to produce up to 300,000 tonnes of CGA per...
The Japanese majority-owner of Indonesian aluminum producer PT Inalum said there was still a big gap to bridge in talks to sell its stake to the Indonesian government, with less than two months to go before their joint venture agreement expires. Yoshihiko Okamoto, chairman of Japan's Nippon Asahan...
Indonesia may lose three-quarters of its power cable makers in the next two to three years as thin margins drive weaker players to accept buyouts, leaving a handful of larger companies to feed the fast-growing economy's electricity demand. Cable industry revenues in Southeast Asia's biggest economy...
China’s imports of bauxite rose to a 3-month high in July as companies accelerated stockpiling of the raw material before Indonesia’s possible ban on exports. Inbound shipments surged by 370.9% year-on-year to 6.5 million tonnes in July, and totaled 39.2 million tonnes in the first seven months, up...
Leading aluminium producer China Hongqiao Group Ltd. is negotiating with Indonesian government to allow it export bauxite with tax exemptions. Hongqiao Group, which hopes to export 10-12 million tons of bauxite from Indonesia over the next 5-8 years, has commenced negotiation with the Indonesian...
Local media in Myanmar report Singapore’s Ocean Sentinels Ship Management has handed over around $1m as compensation to Myanmar seafarers and families involved in the Harita Bauxite ship sinking in February, in which 15 people perished. The Harita Bauxite sank in Philippine waters on its way to...
AGC announces that it will invest approximately 40 billion yen to significantly increase the production capacity of its Indonesian subsidiary P.T. Asahimas Chemical (ASC) to meet growing demand for chlor-alkali products, such as caustic soda and vinyl chloride, in the Southeast Asia region. In...
State-owned diversified miner PT Aneka Tambang (Antam) is seeking partners for the development of a processing plant to convert bauxite into smelter grade alumina (SGA). Antam president director Tato Miraza said the company sought a maximum of two partners for the project, which will be located in...
Indonesia announced that it has bought Nippon Asahan Aluminium’s majority shareholding in Indonesia Asahan Aluminium. The deal will be finalised later in the year. The plan is to take over Nippon’s 58.88% stake in the business when the contract ends in October 2013. Currently, the Indonesian...
Calderys, a world leader in Refractory Solutions and a subsidiary of Imerys, announces its latest international expansions into two key areas of the Asia-Pacific market: Indonesia and Japan. Calderys has signed a Joint Venture (JV) agreement with Indonesian refractory manufacturer PT Indoporlen and...
PT Aneka Tambang Tuesday said sales rose 37% in January-June to 6.125 trillion rupiah (596 million) from the same period a year earlier, boosted by strong sales of gold and nickel. "Antam's operational performances were in general on track," the company said in an update to investors before...
After three decades of business contracts, Indonesia has finally taken a bold stance to fully take over the operation of Indonesia Asahan Aluminium (Inalum), which operates the only aluminum smelter in Southeast Asia from Japanese consortium Nippon Asahan Aluminium (NAA) later this year. The move...
