Bauxite and alumina activities

摘要

PT Aneka Tambang (Antam) and Inalum have signed a joint venture agreement to build a smelter-grade alumina refinery (SGAR), PT Inalum Antam Alumina (IAA). The agreement follows an MoU signed in 2015. The plant will be built in Menpawah, West Kalimantan. In the joint venture, Antam will supply bauxite from the company's mine. The alumina refinery will reduce Inalum's dependence on alumina imports and save foreign-exchange reserves. Winardi Sunoto, president of Inalum, said that 51 of the IAA shares would be owned by Inalum and Antam. Of that amount, Inalum will own 60 and Antam 40. The other 49 of the shares will be hold by China Aluminium Company.