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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Indonesia's push for miners to add value through further processing of bauxite and nickel ores has given struggling Australian producers something to smile about. The hope is that Indonesia's push could lead to higher prices for bauxite-alumina and nickel ores as exports from Indonesia are halted...
Aneka Tambang, the state-controlled gold and nickel miner, is seeking $2.6 billion in investments through 2014 to finance various projects. The Jakarta-based miner also known as Antam is mulling several options including selling bonds, bank loans or export credit facilities. “External funding...
Aluminium Corporation of China Ltd, known as Chalco, said on May 31 that it will lower its aluminium oxide production by 1.7 million tons this year due to Indonesian export restrictions on the raw material bauxite. The reduction represents 15.44 percent of China's production of aluminium oxide, the...
Maspion (Maspion Group) is projecting its exports of household wares to reach $450 million in 2012, which is a 12.5 percent increase from last year, CEO Alim Markus said. “This year, our exports can reach $450 million, composed of $250-300 million from aluminum products, $100 million from...
Mongolia, the commodity-rich nation that posted the world’s fastest economic growth in 2011, is on course to pass a law by June that will bar foreign state-owned companies from controlling its key assets. The draft law, submitted to parliament two years ago, was accelerated after a public outcry...
Indonesia will proceed with a ban on exports of raw minerals, with some exemptions for miners that plan to build local processing facilities, and will publish details of the rule May 6. “Miners will still be allowed to export after meeting some requirements, including obtaining permits, Edi...
Minister of Mines (Independent Charge), Shri Dinsha J. Patel informed Rajya Sabha today in a written reply that National Aluminium Company Limited(NALCO’s) proposal to set up the Rs 16,500 crore aluminium smelter and captive power plant project has been approved by Indonesian Investment...
Indonesia, Southeast Asia’s largest economy, will proceed with a plan to ban exports of unprocessed metal ores including bauxite from May 1, while confirming an exemption for producers that intend to treat output locally. “If miners don’t have the business plan they will be prohibited from...
The government is encouraging the development of aluminum refinery plants in Indonesia’s two largest bauxite producing provinces; Riau Islands and West Kalimantan. The provinces have a total bauxite reserve of 3.47 billion tons, Energy and Mineral Resources Ministry’s data shows. As a...
Indonesian bauxite miners have stopped production due to uncertainties over potential export law changes, said Barclays Capital in a research note. According to the bank, bauxite miners are to stop producing until there are clearer export regulations. The miners, particularly in Riau and Kalimantan...
State-owned aluminium firm Nalco plans to invest Rs 2,343 crore next fiscal, a 76 per cent rise in capital expenditure over FY'12, to increase capacity, according to 2012-13 Budget documents. A disinvestment candidate for the government's Rs 30,000 crore mop up target, Nalco spent Rs 1,333 crore...
The Energy and Mineral Resources Ministry announced over the weekend that seven more companies have expressed interest in building mineral smelting plants in Indonesia. These additions bring the total number of smelters queuing up to be built to 26, up from the ministry’s previously reported number...
Outotec to conduct feasibility study for the first alumina refinery to be built in Indonesia Outotec has agreed with PT ANTAM (Persero) Tbk (ASX: ATM; IDX: ANTM; Antam), Indonesia's leading diversified mining and metals company, to carry out a feasibility study for the very first smelter-grade...
The government will take over aluminum producer PT Indonesia Asahan Aluminium (Inalum) in a transaction deal, which will be worth up to US$700 million, when the company’s contract ends in 2013. Coordinating Economic Minister Hatta Rajasa said in Jakarta on Friday that the acquisition value was...
According to the China Customs, China imported 3.1214 million tons bauxite in January, up by 6.61% on YoY basis. And the average unit price for the imported bauxite is $45.69/ton. In January, the main importing country of bauxite is Indonesia, with volume of 2.4147 million tons, up by 4.77% on YoY...
State-miner Aneka Tambang (Antam) will build smelters in Halmahera, North Maluku, to produce 27,000 tons of ferronickel annually; in North Konawe, Southeast Sulawesi, for 120,000 tons of “pig iron” annually; and in Mempawah, West Kalimantan, for one million tons of smelter-grade alumina. The...
State miner Aneka Tambang said on Thursday that it would go it alone on a $1 billion smelter-grade alumina plant in Pontianak, West Kalimantan, after China’s Hangzhou Jinjiang Group pulled out of the project. “We’ll carry the project alone. We are not seeking another partner,” said Alwinsyah Lubis,...
According to the China Customs statistics, China imported 4.5796 million tons bauxite in December, up by 48.61% on YoY basis. The total bauxite import volume of China reaches 44.8 million tons in 2011, up by 49.73% compared with 2010, which sets a new record in history. China’s main bauxite...
