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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Three of China's biggest alumina producers are planning to invest at least $1 billion into bauxite mines and refineries in Indonesia to guarantee supplies of the aluminium raw materials under threat from new export taxes and a 2014 export ban. The plans are among the first signs that Jakarta's...
Indonesia is still suffering from a shortage in aluminum supply as PT Asahan Indonesia Aluminium (Inalum), the only aluminium smelter in Southeast Asia, is only able to produce up to 260,000 tonnes a year while the domestic needs reach 800,000 tonnes, ANTARA news agency quoted an official as...
The government plans to invest up to Rp 12 trillion ($1.3 billion) in Indonesia Asahan Aluminium, which engages in smelting and producing aluminum, in order to boost its output and prepare the company for an initial public offering, a top minister said. Hatta Rajasa, Indonesia’s chief economic...
The government is set to take full control over aluminum producer PT Indonesia Asahan Aluminium (Inalum) and then float the company on the stock market or offer it to investors after the acquisition, Industry Minister MS Hidayat said in Jakarta on Friday. Hidayat said that official deliberations...
An Indonesian state enterprise is ready and willing to buy a 59 percent stake in an aluminium smelter that the current Japanese owner is being forced to sell under foreign investment laws, a government minister said on Friday. Nippon Asahan currently holds the stake in Indonesia Asahan Aluminium...
China’s private mining group Bosai plans to invest $1 billion to build an alumina plant in Indonesia after the Southeast Asian country implemented a series of policies to restrict raw material exports. The company has reached an initial agreement with Indonesian parties to build a 2 million tpy...
National Aluminium Company Ltd (Nalco) has stumbled on a coal linkage hurdle for its proposed 0.5-mpta aluminium smelter project in Indonesia. Nalco, which is banking on local coal supply to run a planned 1,250-MW captive plant to power its smelter, has not been able to wrap up the deal in the past...
China's imports of bauxite tumbled to the lowest level in more than three years, and those of nickel ore fell 12 percent from an all-time high in May after Indonesia, the main supplier, tightened exports. Arrivals of bauxite, the ore used to produce aluminum, tumbled to 1.02 million metric tons,...
India's National Aluminium Co (Nalco) is one of two companies planning to develop projects worth US$4.76M in Indonesia's second largest province of Kalimantan in Eastern Borneo. The projects in question embrace a railway system, a coal terminal, a steam power plant and and aluminium smelter. Nalco...
Aluminum producer Nalco is in talks to buy Indonesia’s Ashan Aluminum (Inalum) for up to Rs 8,000 crore in what could be the largest overseas acquisition by a state-owned metal firm. A Japanese consortium holds a 59 per cent stake in Inalum, which owns a 2.1-lakh-tonne plant in the North Sumatra...
Two foreign firms plan to develop projects worth Rp 45 trillion (US$4.76 billion) in East Kalimantan, the province’s top official says. The projects will be funded by Rhas Al Khaima, a United Arab Emirates-based coal mining company, and National Aluminium Co. (Nalco), an Indian-based manufacturer...
According to the data from China Customs, China imported 6,274 thousand tons of bauxite in May. From Jan. to May, China imported a total of 24,473 thousand tons of alumina and the amount increased to 42.4% from the last year. According to statistics, China imported 5,564 thousand tons of bauxite...
Indonesia has awarded mineral export permits to 22 firms since it introduced curbs on such shipments in May, a trade ministry official said on Tuesday, after the restrictions triggered panic buying by customers in key buyers Japan and China. Indonesia, one of the world's leading metals exporters,...
CITA - Bauxite Smelter Plant - Indonesia - Construction Project Profile is a crucial resource for industry executives and anyone looking to access key information about the Bauxite Smelter Plant. CITA - Bauxite Smelter Plant - Indonesia - Construction Project Profile report utilizes a wide range of...
Reuters reported that Indonesia's imposition of an export tax on 14 minerals is disrupting Asia's aluminium markets but the news for producers outside China may not be all bad. The most obvious distortion is the ramping up of Chinese imports of bauxite from Indonesia in the months prior to the tax...
Indonesia's new mineral ore export regulations have halted operations at hundreds of small mining companies, costing the country's export industry up to $164 million a month in lost nickel and bauxite sales, a mining industry body said on Friday. Indonesia in May asked all miners to submit plans to...
Fitch Ratings has affirmed aluminium manufacturer China Hongqiao Group Limited's (Hongqiao) Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB'. The Outlook is Positive. Fitch has also affirmed Hongqiao's senior unsecured rating at 'BB'. The ratings are currently constrained...
The National Aluminum Company Limited (Nalco), which is proposing to set up a smelter and captive power plant in Indonesia with an investment of Rs 16,500 crore, is yet to select a location for its aluminium complex. "The Indian public sector major aluminium company is looking for a suitable site...
