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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China imported 6.08 million mt of bauxite in June. YTD imports through June totaled 32.71 million mt, up 29.75% YoY, according to China Customs. China’s imports of Indonesian bauxite rose 2.95% YoY to 21.395 million mt in H1, 2013. Imports of Australian bauxite jumped 56.99% YoY to 6.68 million mt,...
The government appears willing to take any risk in its bid to take over PT Indonesia Asahan Aluminum (Inalum) from Nippon Asahan Aluminum (NAA), including the Japanese consortium’s possible use of a third party for settlement. Industry Minister MS Hidayat said recently that the Indonesian...
PT Indonesia Asahan Aluminium (Inalum) will be back to the Indonesian government on November 1, 2013, industry minister MS Hidayat said. "We have agreed on October 31, 2013 (the contract would end) and all Inalum assets would be handed over to the Indonesian government. On October 31 physically it...
China is ambitious to build an alumina refinery in Indonesia with an investment up to US$1 billion in two phases. The joint venture refinery began to be formed. To pave the mega investment, domestic company PT Harita Jayaraya teams up with China Hongqiao Group Ltd. to form a joint venture (JV),...
China Customs data show China imported 6.15 million mt of bauxite in May, down 2.04% YoY. YTD imports through May totaled 26.72 million mt, up 9.30% YoY. China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY. YTD imports from Indonesia through May were 17.39 million mt,...
PT Well Harvest Winning Alumina Refinery, a joint venture between PT Harita Group and China Hongqiao, plans to build a smelting plant to process bauxite into aluminum in Ketapang, West Kalimantan. Harita's CEO, Lim Gunawan Hariyanto, said in Jakarta on Wednesday that construction of the smelting...
Indonesian Industry Minister M.S. Hidayat on Monday said the government will fully take over resource company Indonesia Asahan Aluminium, known as Inalum, in November, although negotiations are still ongoing. “It should become 100 percent Indonesian-owned by November 1, though technicalities are...
According to China Customs, China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY. The CIF price of Indonesian bauxite was USD 51.1/mt, a new monthly high so far this year. The CIF price of Indonesian bauxite was USD 43/mt before the Indonesian government hiked bauxite...
China Customs data show that China imported 6.15 million mt of bauxite in May, down 0.41% YoY. YTD imports through May amounted to 26.72 million mt, up 10.5% YoY. China imported 3.775 million mt of bauxite from Indonesia in May, down 30.9% YoY, and 17.39 million mt during January-May, also down...
Russia-based United Company RUSAL, the world’s biggest aluminium producer, plans to build a bauxite refinery in Indonesia to produce alumina, in order to benefit from the government’s ban on the export of unprocessed ores by 2014. Top executives from the company expressed their interest during a...
Russia has communicated its desire to construct an aluminum processing plant in Kalimantan and further its investments in Indonesia. A delegation of Russian officials and businesses are expected to visit the archipelago on June 11-12 to look into the plant as well as other investment opportunities,...
Minister of Industry MS Hidayat determined to resolve all problems in a mining company, PT Indonesia Asahan Aluminium (Inalum). He said the company would be converted into a state-owned enterprise in October 2013. “Government is currently negotiating to takeover Inalum from Japanese consortium,...
The volume of aluminium export from Sumatra is much smaller than imports. During the first quarter of 2013, Sumatra aluminum export activity shipped via container through terminal BICT totaled 581 tons, according to Tengku Irfansyah, Assistant Manager of Legal and Public IPCs I Belawan...
China Customs data show that China imported 6.74 million mt of bauxite in April, up 29.72% YoY. YTD imports through April hit 20.65 million mt, also up 14.62% YoY. Bauxite CIF prices in April were USD 51.21/mt, an increase of 18.74% from the same period last year. China’s imports of Indonesian...
Indonesia PT Bintan Alumina invest up to U.S. $ 1 billion for the construction of mineral processing and refining plant (smelter) in Bintan, Riau Islands. Director of Bintan Alumina, Zulnahar Usman said that the company is conducting a feasibility study or feasibility study smelter development....
Indonesia’s Possible Ban on Raw Ore Exports Will Pose Threat to China’s Aluminum Output. A source with Deutsche Bank claimed last Wednesday that China’s aluminum output may fall if the Indonesian government imposes a ban on unprocessed ore exports. Based on current aluminum prices , 35% of Chinese...
The Indonesian government is ready to take full control of PT Indonesia Asahan Aluminium (Inalum) after Japanese consortium Nippon Asahan Aluminum’s 30-year contract to manage Inalum expires on Oct.30, an official says. “We no longer depend on Japan and are ready to continue developing PT Inalum as...
Azerbaijan, one of Indonesia’s major suppliers of oil, was planning to build a US$4.8 billion oil refinery in Batam and an aluminum plant in Kalimantan to cement the increasingly close relations between the South Caucasus nation and Southeast Asia’s largest economy, a top Azerbaijani diplomat said....
