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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Mining and metals company Aneka Tambang (Antam) will be completing five new projects worth around Rp35.9 trillion by 2014. The projects, related to the Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI), have encouraged the company to focus on the downstream...
State-run NALCO is set to finalise a deal with a miner by next month for supply of coal to its $ 3.8 billion aluminium-cum-power project in Indonesia. "We are looking at a coal mine basically to provide coal to our power and smelter project there (Indonesia). We need 5 MTPA for 25 years. We have...
Aditya Birla group is considering a bid for a 10 to 15 percent stake in Indonesian coal miner Bumi Resources Tbk PT (BUMI.JK) to secure coal supplies for its expanding cement and aluminium operations, the Economic Times reported on Thursday. The transaction, along with an offtake agreement, could...
India’s largest public sector aluminium producer National Aluminium Company is in the process of acquiring around 25 per cent stake in MEC Coal by March 2012 for an undisclosed sum. A member of the company’s board of directors told Financial Chronicle Nalco has already shortlisted MEC Coal for...
Indonesian thermal coal miner Toba Bara Sejahtera plans to buy shares in aluminum firm PT Inalum worth $700 million, Toba Sejahtera founding chairman Luhut Panjaitan said on Tuesday. The coal miner aims to acquire 58.88 percent of the shares from Nippon Asahan Aluminium, a consortium of 12 Japanese...
The government has set aside Rp 2 trillion ($220 million) to buy a majority stake in Indonesia Asahan Aluminium from Japan’s Nippon Asahan Aluminium. The Indonesian government, through its Government Investment Center (PIP), will take funds from next year’s state budget to finance the purchase of...
Chinese bauxite import reached 4478 thousand tons in September hitting new high in these four months according to China Customs, and was just close to the highest import volume in May. From January to September total bauxite import volume reached 32724 thousand tons,increasing by 52.32% yoy. In...
The United Arab Emirates plans to invest $9.5 billion in aluminium smelters in Indonesia's Kalimantan region, Indonesia's ambassador to the UAE said on Wednesday. "Emirates Alumunium will invest $4 billion in West Kalimantan to build an alumunium smelter and a power plant...Ras Al Khaima Investment...
National Aluminium Co, India's third-largest producer of the metal, said it agreed to buy coal from MEC Coal for its planned US$4 billion smelter and power plant in Indonesia. The state-run Indian company is also likely to acquire a 24 per cent stake in the Indonesian miner, National Aluminium...
State miner Aneka Tambang will spend 12.61 trillion rupiah on capital expenditure until 2013, which will be used to finance a number of projects that includes a chemical grade alumina plant in Tayan, West Kalimantan,and smelter grade alumina plant in Mempawah said Bimo Budi Satrio, the company's...
In an interview to CNBC-TV18, BL Bagra, director finance at NALCO says the new Mines and Minerals (Development and Regulation) MMRD Act is unlikely to hurt much, since the business environment it is likely to create, he says in due course of time will make the company’s business proposition better....
Bottlenecks in the supply of bauxite and alumina will be a key issue for the aluminum industry, and in particular for China, in the coming months, Norsk Hydro chief executive said Wednesday. "Bauxite and alumina will be the first place in the value chain that we'll see bottlenecks going forward,...
India's state-run National Aluminium Co Ltd (NALCO) will invest $4 billion in an aluminium smelter and power plant in Indonesia's East Kalimantan province, Indonesia's trade minister said on Tuesday. The smelter will have annual capacity of 500,000 tonnes, Indonesian Trade Minister Mari Pangestu...
National Aluminium Company (Nalco), a navratna company under the Union ministry of mines is looking to rope in one or two strategic investors for its proposed aluminium smelter plant in Indonesia. The aluminium major will form a fully owned subsidiary for its Indonesian project and later hive off...
State-run aluminium major NALCO today said it plans to diversify into nuclear power generation by investing Rs 11,450 crore jointly with Nuclear Power Corporation of India in a project. Addressing at the annual general meeting, NALCO CMD B L Bagra said that the company has identified Kakarapar...
According to China import and export report China bauxite imports are 3851.5 thousand tons in August, growth of 54.94% yoy, and 3743.1 thousand tons in July. From the beginning of this year, total import has been 28295.3 thousand tons,growth of 44.62% yoy. Indonesia, Australia, India and Germany...
China’s import volume of bauxite has been increasing sharply this year. From officials of Chalco and Shangdong Xinfa Aluminum,its learnt that Indonesia is involved in restricting the export of bauxite. This will exert great pressure on the aluminum oxide industry in China. 60% of China’s bauxite...
The Indonesian Cable Manufacturers Association (Apkabel) chairman Noval Jamalullail said Monday that aluminum cable production will increase by 20 percent from 150,000 metric tons to 180,000 tons in 2012. He said the first part of the government’s ambitious 10,000 megawatt power plant program,...
