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Friday, March 28, 2014

Inalum - Rp20 trillion investment Antam alumina smelter wake

Inalum - Rp20 trillion investment Antam alumina smelter wake

Jakarta ( ANTARA News ) - Indonesia Asahan Aluminium ( Inalum ) Limited immediately became a partner of PT Aneka Tambang ( Persero ) Tbk to build a smelter grade alumina ( SGA ) in Mempawah , South Kalimantan with a total investment of 1.7 billion U.S. dollars, equivalent with approximately Rp20 trillion .

" Currently negotiation process Antam Inalum be an ongoing partner , just waiting for the final agreement on 22 April 2014 , " State Enterprises Minister Dahlan Iskan said in Jakarta on Thursday.

According to Dahlan , Inalum must have the SGA to ensure the supply of raw material alumina to produce aluminum ingots ( bars ) company that is still imported from Australia .

Mempawah SGA production capacity is expected to reach 1.6 million metric tons per year .

Needs of the domestic alumina ranges 500000-600000 tons per year , while the total production of 225,000 tons of ingots Inalum achieve these where as much as 58.8 percent of Japan's exports to contract .

" Antam alumina production of 1.6 million tons , amounting to one-third of the country , the rest can be exported to the Middle East , " he said .

Dahlan explained , the SGA plant takes prominence three years , it is estimated that operate The commercial began around the year 2016.

On the funding side , the former president director of PT PLN is explained , Inalum ready to enter the stock composition agreed .

" Funding can be through a consortium of state-owned banks . Obvious project like this is certainly a very attractive banking , " he said .

In addition to the smelter investment , Dahlan also asked Inalum for expansion in the product - by-product and build a power plant .

Inalum must develop products other than ingot , because it can meet the needs of the aluminum raw material manufacturing company in the country .

Dahlan on several occasions asked Inalum should be able to increase the production capacity of up to twice that of the current , in order to become a leading aluminum company in Asia .

To support it , Inalum also soon build a power plant that has a capacity of 2x300 megawatts ( MW ) at the location of the company in Kuala Tanjung .

With so where Inalum more complete , ranging from factory , guarantee the supply of raw materials , to the power plant .

" All of these factors must be related to one another , so that the operating company is able to develop in accordance with the target set by the government , " said Dahlan

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