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Indonesia Aluminium Smelter to Invest USD 10 Billion In Refining And Smelting Projects

Friday, Jul 26, 2019

  In a bid to reduce reliance upon imported finished metals and as a means to reduce exports of raw materials, Indonesia announced plans to spend billions of dollars to construct aluminium and nickel smelters. According to comments made by PT Indonesia Asahan Aluminium’s President Director Budi Gunadi Sadikin, his firm will set aside up to USD10 billion in the coming five years for building aluminium and nickel refineries and smelters. Along with Persero, bauxite and nickel mining subsidiary PT Aneka Tambang is also expected to pitch into the development kitty.

  Mr Sadikin in an interview with Bloomberg said that “The refinery will use Indonesia’s abundant bauxite supply. This is an energy-intensive industry. We can benefit from abundant water supply and construct hydro power plants.”
  Mr Sadikin continued by saying that Inalum’s Mempawah refinery will soon see a production increase to 2 million metric tonnes, with half its yield sent overseas in an effort at capitalizing on a boon market for alumina.
  Meanwhile, Inalum is slated to take advantage of its access to 579 million wet metric tons via Aneka Tambang (Antam) to increase production from 250 thousand metric tonnes of aluminium per annum to 2 million metric tonnes per annum over the next 16 years.

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