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 Hainan Joint Enterprise Business Service Co. Ltd. and its Indonesian partner company, PT Indopura Resources, plan to construct a bauxite refinery worth US$700 million in Batam, Riau Islands. The factory is expected to employ 5,000 workers. PT Indopura Resources director Cedric Lam, its managing...
Chinese bauxite imports from Indonesia fell to zero in June and July. Yet in 2011, China obtained almost 80 per cent of its imported bauxite from that country. And last year's quantity was double that obtained from Indonesia in 2009. Stephen Bartrop of Lime Street Capital poses the obvious...
In May of this year the Indonesian Government imposed a ban on the export of unprocessed raw materials but this week the Supreme Court of Indonesia set aside the ban, meaning the government is no longer permitted to interfere with the mineral exports industry. This conflict between the Supreme...
Alumina Limited notes press reports that Indonesia's Supreme Court has upheld a challenge to an Indonesian Government ban on the export of unprocessed minerals, including bauxite. The Company does not have further details of the Court decision or Indonesian government plans on this matter.
Indonesia's government is in talks to buy out the Japanese majority owners of aluminium producer PT Inalum for an estimated $700 million, the southeast Asian nation's industry minister said on Tuesday. The talks over PT Inalum, whose output of aluminium ingots last year fell 0.9 percent from 2010,...
The Indonesian government has formally rejected Japan’s request to continue to operate aluminum producer PT Indonesia Asahan Aluminium (Inalum) after its existing agreement expires in 2013, a senior Indonesian official has said. Industry Minister MS Hidayat said on Tuesday that he and Japan’s vice...
Russian companies UC Rusal, the world’s biggest aluminium producer, and Norilsk Nickel, a global mining and metallurgical company, plan to build smelters in Indonesia, a government minister says. “The commitments were delivered in a meeting between President Susilo Bambang Yudhoyono and CEOs of the...
Johor police sprang into action after receiving a tip-off and recovered two trailers containing aluminium alloy ingots stolen from a factory in the Tebrau Industrial Estate here last Thursday. At a press conference at the state police contingent in Johor Baru recently, state police chief Datuk...
Russian firms plan to invest billions of dollars in refineries, smelters and infrastructure, including railways and power plants, in Indonesia within the next few years, an ambassador says. Russian Ambassador to Indonesia Alexander A. Ivanov said on Wednesday that the investments would come from,...
Bosai will be the only company that owned three foreign bauxite private enterprises. It is learned that this group will invest in Indonesia to build alumina plant after the acquisition of Guyana and Ghana bauxite, which will also gain at least 0.1 billion tons of bauxite mining area. Bosai Minerals...
Chinese firms plan to invest $8.6 billion on aluminum and iron smelter projects in Indonesia, the industry minister said on Thursday, in a bid to guarantee supplies of metals under threat from a ban on exports of mineral ores from 2014. Indonesia, a major supplier of metal ores to top consumer...
Indonesia and China have agreed to jointly produce alumina, commodities processing of bauxite into aluminum upstream raw material industry with aluminum ingot products, amounting to two million tons per year. The deal is a series of signing a memorandum of understanding between the PT Indonusa...
Indonesia's bauxite exports to China, which came under fresh government restrictions in May, have begun to recover as Jakarta resumes exports to Chinese metal producers, state-owned Chinese metal consultancy Antaike said Thursday. The shifting trend suggests that Indonesia's efforts to develop a...
National Aluminium Company Ltd has cancelled the coal linkage plan for its captive power plant in Indonesia. The unit was to power the proposed $4-billion, half a million tonne per annum aluminium smelter in Indonesia’s East Kalimantan province. Nalco recently communicated the decision to Middle...
National Aluminium Company (Nalco) has decided to put its proposed smelter-cum-thermal power project in Indonesia on hold. The country's largest state owned aluminium company has been pursuing plans to invest nearly Rs 16,000 crore set up a aluminium smelter in Indonesia. The company had planns to...
State mining company PT Aneka Tambang (Antam) says it is looking for around US$650 million in bank loans to finance part of the construction of a smelter-grade alumina (SGA) plant in Mempawah, West Kalimantan, Jakarta Post reported. Antam president director Alwin Syah Lubis said in Jakarta on...
A report in India's Business Standard has hinted that while global demand for bauxite is likely to rise at an annual rate of 6.9% from 220Mt in 2011 to 750Mt by 2030, availability of the mineral from which alumina is derived, might be limited if exporting nations follow Indonesia's lead and slap on...
Aluminium yesterday traded with the positive node and settled 0.67% up at 104.50 despite of Germany’s industrial output data which fell overnight and DBRS downgraded Spain and Italy’s credit rating, weighing on the euro. Investors are staying cautious as they are awaiting China’s CPI for July to be...
