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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According to China Customs, China imported 2.78 million mt of bauxite from Indonesia during February, down 25.25% YoY, but imports of Australian bauxite increased 11.76% YoY to 904,700 mt. China imported 1.89 million mt of bauxite from Australia during the first two months of this year, a gain of...
According to Shandong Nanshan Aluminum’s 2012 annual report, the company reported RMB 14.87 billion in operating revenues in 2012, up 11.57% YoY. However, its profits declined 28.72% YoY to RMB 985 million and net profits attributable to its parent company also dropped 32.39% YoY to RMB 691...
According to Chinese customs data.the country imported bauxite 5,137,200 tons,which increased 67.59% comparing with the same period a year ago. Based on the detailed analysis of the data ,The import volume from India increased 28.84% year-on-year, rising to 3,039,000 tons, The import volume from...
It is estimated that China’s Bauxite mining will extend to the North of Nawailevu,Fiji.By this,mining tasks in this district has been finished,while Aurum Exploration Limited Co. has offered China the sixth lot of Bauxite recently.As the Minister of Department of Mineral Resource said,since the...
North Sumatra administration along with its 10 regencies and municipalities have agreed to form a regional-administration-owned enterprise (BUMD) in hopes of obtaining shares and taking part in the management of PT Indonesia Asaham Aluminium (Inalum) after Japanese consortium Nippon Asahan...
Aluminum Corporation of China Ltd (Chalco) confirms lower alumina production by 1.7 million tons following Indonesian bauxite export ban. “As the downturn of the aluminum market continued, the prices of aluminum decreased by 7% as compared with the corresponding period of the preceeding uear. The...
The Indonesian government and Japanese consortium Nippon Asahan Aluminium (NAA) have agreed that the takeover of Indonesia Asahan Aluminium (Inalum) will be made through a transfer of shares, instead of transferring assets as stipulated in the contract between the two parties. “We’ve also agreed to...
Chinalco Indonesia joint venture owned mine delivered first shipment of 57 thousand tons bauxite and the stock has reached Port of Rizhao. It is learned that Chinalco Hongkong Company work together with Indonesia joint venture finished all procedures of bauxite export on 14th December, 2012. The...
China Hongqiao Group Limited (01378) announced to build a joint venture with Winning Investment, PT. Cita and PT. Danpac in Indonesia, held 60%, 10%, 25% and 5% of share respectively. The JV’s issued capital was 94bn IDR ( 75,000 thousand HKD). This joint venture will establish and manage alumina...
Bauxite mining company PT Cita Mineral Investindo Tbk (CITA) established a joint venture company with companies from China and Hong Kong to develop an alumina smelter in West Kalimantan. Yusak Lumba Pardede, Corporate Secretary of Cita Mineral, said the smelter will have capacity of two tons per...
With at least seven firms starting construction of mineral smelting plants in Indonesia this year, the Energy and Mineral Resources Ministry is pressing on with its plan to completely ban the export of unprocessed minerals in 2014 as stipulated in the 2009 Mining Law, despite a challenge by...
Mining company PT Aneka Tambang, known as Antam, has given the Japanese Sumitomo Corporation the task of working on the development of coal-fired power plants, which forms part of the company’s modernization work on its ferronickel factory in Pomalaa, Southeast Sulawesi. Antam is also in the...
Some 3-5 foreign investors are now studying to invest in alumina business in Indonesia with total investment expected to reach US$10 billion, equivalent Rp96 trillion, Investor Daily reported this morning. Panggah Susanto, general director of manufacture-based industry at the Industry Ministry,...
State-owned National Aluminium Company (Nalco) may call off its proposed Rs 16,000 crore aluminium smelter and captive power plant project in the island nation of Indonesia if they manage to get clearances and coal linkages for a similar project in Odisha. The proposed project in Indonesia is stuck...
Aluminum Corp. of China Ltd., the country’s biggest producer, is seeking to tap bauxite resources and build processing plants abroad after Indonesia, the largest supplier to China, curbed exports. The company plans to build an alumina facility with a capacity of 1 million metric tons a year in...
Chinese imports of bauxite fell 31 percent from a year earlier last month after Indonesia curbed mineral exports, restricting seaborne shipments of the ore used to make aluminum. Total deliveries to China slid to 2.14 million metric tons from 3.09 million tons in October 2011, according to customs...
The government of Indonesia plans to restructure the country's only aluminum smelting company PT Indonesia Asahan Aluminium, or Inalum, by putting ownership wholly in Indonesian hands, a company source said Thursday, confirming local media reports. Jakarta has a 41.12% share in Inalum, with the...
Local miner Indopura Resources joined forces with Chinese miner Hainan Joint Enterprise Business Service to build a bauxite smelter at a cost of about $700 million. The funding for the smelter will be supported by China Construction Bank International. The two companies signed a cooperation...
