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ANALUM and ANTAM announce bauxite & alumina plant in West Kalimantan in Indonesia

Metal News - Published on Mon, 22 Apr 2019

Image Source: SteelGuru
PT Indonesia Asahan Aluminum (Persero) in cooperation with PT ANTAM Tbk, through their subsidiary, PT Borneo Alumina Indonesia, launched the construction of smelter grade alumina refinery in Bukit Batu Village in Mempawah Regency in West Kalimantan in Indonesia. Alumina Plant managed by PT BAI will be built on 288 acres land in three villages in Mempawah. The initial capacity of smelter grade alumina processing project will be 1 million tonnes per year. The project will be equipped with 3 x 25 MW Coal Power Plant. The project investment was estimated up to USD 850 million (including IDC and Working Capital) and begins to production in the early of 2022.

The event was attended by President Director of PT Indonesia Asahan Aluminium (Persero) Mr Budi G Sadikin, President Director of PT ANTAM Tbk Arie Mr Prabowo Ariotedjo, Interim President Director of PT BAI Mr Bambang Wijanarko and officials of Mempawah and Landak Government.

Mr Budi G Sadikin said "The plan for alumina refinery plant is part of effort to implement one of Mining Industries Holding mandate, which is encouraging the downstream of mining products. Later on, INALUM, owner of the only aluminum refinery plant in Indonhesia, will obtain alumina supply from domestic sources. INALUM can save up to USD 200 million.”

Mr Arie Prabowo Ariotedjo explained that “Smelter grade alumina refinery project is a strategic development project for Indonesia. ANTAM, as a company with high resources of bauxite, attempts to create added value of mineral commodities so it able to give more benefit for its shareholders and stakeholders.”

Mining Industry Holding was set up in November 27t 2017 with INALUM as a Parent Holding and PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Timah Tbk, and PT Freeport Indonesia as its members. INALUM holds 65% shares of PT Aneka Tambang Tbk, 65.02% shares of PT Bukit Asam Tbk, 65% shares of PT Timah Tbk and 51.2% shares of PT Freeport Indonesia.

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Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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