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...
CREA estimates that Chinese investment in Indonesia's aluminium industry currently stands at between USD 5.5 billion and USD 6 billion, and forecasts that figure could rise to USD 30 billion by 2030. China currently produces around 60 per cent of the world's aluminium. Chinese companies began...
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Indonesia’s state-owned mining holding company, MIND ID, has officially announced that its Smelter Grade Alumina Refinery (SGAR) project is on track to commence operations in September 2024. This project is a critical element of MIND ID’s broader strategy to bolster infrastructure and increase the...
The United States has initiated discussions with Indonesia about joining a multinational partnership to improve Southeast Asia's environmental standards. Jose Fernandez, the U.S. Under Secretary of State for Economic Growth, Energy, and the Environment, disclosed the proposal during his recent...
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) said it would possibly ease some restrictions on bauxite ore exports, according to statements from ministry spokesperson Agus Cahyono Adi. This proposition followed discussions between ESDM Minister Arifin Tasrif and members of Commission...
According to Fastmarkets report, the Indonesian government is planning to ease the bauxite export ban due to slower-than-expected progress in developing domestic alumina refineries. Indonesia ranks among the world's largest bauxite suppliers, with China as a significant consumer. The ban announced...
Indonesia unveiled Southeast Asia's first electric vehicle battery manufacturing facility on July 3, 2024, as a landmark for the region's automotive industry. The facility boasts the world's largest nickel reserves and the sixth-largest producer of bauxite. Situated in Karawang, West Java Province,...
Indonesia, with its rich deposits of critical minerals, stands poised at the forefront of the global supply chain, particularly in the burgeoning electric vehicle (EV) market. The 2024 US Geological Survey report underscores Indonesia's dominance, placing it first worldwide in nickel reserves,...
According to the Shanghai Metals Market survey, China’s aluminium foil exports in May 2024 amounted to 130,100 tonnes, registering a month-on-month increase of 7 per cent from 121,600 tonnes. The May export volume also recorded an annual rise of 15 per cent. Among export destinations, India,...
The development of Indonesia’s aluminium downstream industry holds substantial promise despite the slow progress seen in recent years. A senior government official recently revealed that only one of the eight alumina refinery projects in the government's ambitious pipeline has shown significant...
Two prominent figures in the aluminium industry, Malaysian business magnate Koon Poh Keong and Chinese billionaire Song Zuowen, are deepening their collaboration, as reported by Forbes. This multi-million-dollar agreement involves an exchange of ownership stakes in their respective aluminium firms,...
In a startling revelation, Mighty Earth's latest report, "The Impact of the Bauxite Boom on People and the Planet," uncovers the profound environmental and social ramifications of bauxite mining, a critical component in producing aluminium for electric vehicles (EVs). The comprehensive study...
PT Indonesia Asahan Aluminum (Inalum) has once again proven its mettle by securing accolades at the 2024 BUMN Entrepreneurial Marketing Awards. Recognised as The Most Promising Company in Tactical Marketing in the Silver category, Inalum's success is a testament to its commitment to the aluminium...
Mubadala Energy, an international energy company headquartered in Abu Dhabi with operations in 11 countries and overseeing operations at the South Andaman Gross Split PSC, has unveiled a significant gas discovery stemming from the Tangkulo-1 Exploration well. Situated approximately 65 kilometres...
Indonesia, rich in bauxites, seeks to harness its natural resources to emerge as a frontrunner in green aluminium production. Green aluminium, synonymous with sustainability and environmental consciousness, employs renewable energy or recycled materials in its manufacturing process. The nation's...
Tianshan Aluminium's 2023 annual report highlights substantial advancements in its bauxite projects, particularly in Indonesia and Guinea. The report outlines that the Indonesian bauxite project, which the company has invested in and acquired, is engaged in a detailed exploration of resource...
Kathy Yuan heads the Overseas Marketing Department at Hwapeng, a prominent manufacturer specialising in specialised equipment for carbon plants. The organisation's product range encompasses anodes, cathodes, graphite electrodes, graphite specialities, carbon electrode paste, ramming paste,...
The Hyundai Motor Company has announced its decision to cancel the Memorandum of Understanding (MoU) it had in place to procure aluminium from the new 1.1GW coal power plant-powered smelter in North Kalimantan, Indonesia. This plant is operated by Adaro Minerals, a subsidiary of Adaro, the...
Amidst the country's lack of sufficient smelters to drive the downstream aluminium sector, Adaro Minerals aims to commence production of 250,000 tonnes of aluminium ingots by the third quarter, with plans to ramp up to full production by early 2026 at its smelter in KIPI, operated by its subsidiary...
On Tuesday, March 5, the US Department of Commerce announced the implementation of preliminary countervailing duties on aluminium extrusion imports from China, Indonesia, Mexico, and Turkey, claiming to protect the business of domestic extrusion manufacturers. For each country, the Department of...
