PT PP (Persero) Tbk ("the Company") has signed a contract to build a Smelter Grade Alumina Refinery with China Aluminum International Engineering Corporation Ltd. which took place at the Indonesian Embassy in Beijing last Saturday (11/01). In the Signing Ceremony, the Company was represented by Abdul Haris Tatang as th Operations Director 3 of the Company's and accompanied by Nurlistyo Hadi as Head of the EPC Division to sign the cooperation contract.
The 1 Million TPA Smelter Grade Alumina Refinery Development Project is owned by PT Borneo Alumina Indonesia, a joint venture owned by PT Inalum and PT Aneka Tambang Tbk ("ANTAM") located in Bukit Batu Village, Sungai Kunyit, Mempawah Regency, Kalimantan Province West.
The construction of the Smelter Grade Alumina Refinery project requires investment with a potential total investment value of US$ 850 million and the refining plant is targeted to be operational in 2022 where it will produce 1 million tons of aluminum annually. Thus this will reduce Indonesia's dependence on imported raw materials while increasing added value for Indonesian mining commodities. This project is proof that Indonesian SOEs are contributing significantly to national development and in line with the spirit of change that is being promoted by the Government.