December 06, 2016 6:33 AM ET

Metals and Mining

Company Overview of PT Indonesia Asahan Aluminium (Persero)

Company Overview

PT Indonesia Asahan Aluminium (Persero) manufactures and supplies aluminum ingots. It distributes its products to customers in Indonesia, as well as exports internationally. PT Indonesia Asahan Aluminium (Persero) was founded in 1976 and is based in Kabupaten Batu Bara, Indonesia. It has a smelting plant head office in Sumut, Indonesia; a representative office in Jakarta, Indonesia; and a liaison office in Medan, Indonesia.

Kuala Tanjung

Kecamatan Sei Suka

Kuala Tanjung

P.O. BOX 1

Kabupaten Batu Bara,  21257

Indonesia

Founded in 1976

Phone:

62 62 231 311

Fax:

62 62 231 001

Key Executives for PT Indonesia Asahan Aluminium (Persero)

President Director
Age: 51
Finance Director and Director
Operation Director and Director
General Affairs & Human Resources Director and Director
Development & Business Director and Director
Compensation as of Fiscal Year 2016.

PT Indonesia Asahan Aluminium (Persero) Key Developments

PT ANTAM Tbk and PT Indonesia Asahan Alumunium Partner with PELINDO II for Port Development in Mempawah

PT ANTAM Tbk and PT Indonesia Asahan Alumunium, or INALUM, have formed a cooperation with PT PELINDO II in the port development in Sungai Kunyit, Mempawah, West Kalimantan. The port development is linked to Smelter Grade Alumina Refinery project (SGAR) in Mempawah, West Kalimantan. The MoU signifies the implementation of ANTAM and INALUM efforts to cooperate with third parties, in which the port development will be used in both construction and operation phase. The port is planned to be built in Sungai Kunyit District, Mempawah, West Kalimantan. The port will be located 6 km from SGAR. Previously, ANTAM and INALUM signed a Memorandum of Understanding with Aluminum Corporation of China to develop and operate a Smelter Grade Alumina Refinery (SGAR). The Aluminum Corporation of China, as a strategic partner, will bring its technology expertise and financing capability to the project. The production capacity of SGAR is estimated at 2 million tons of SGA per year which will be developed in stages and will require 6 million wet metric tons (wmt) bauxite ore feed every year. The annual capacity of the first stage of the SGAR is estimated at 1 million tons of SGA. The construction of the additional capacity of 1 million tons of SGA will commence when the operations of the first phase of the plant is positive.

Persero May Hold IPO

PT Indonesia Asahan Aluminium (Persero) may hold an IPO this year. The government via the Ministry of State-Owned Enterprises (SOE) will keep pushing several SOEs to hold initial public offering in the Indonesia Stock Exchange (IDX). Rini Soemarno, SOE Minister, says one of those having big potential is Persero.

Government Seeks Stake In Freeport

Government of Indonesia is seeking to buy 10.64 percent of shares of PT Freeport Indonesia. Freeport Indonesia will have to offer 10.64 percent shares under mandatory share divestment plan. State miners Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk. (JKSE:ANTM) and PT Indonesia Asahan Aluminium (Persero) will purchase ten percent of shares from Freeport Indonesia. Minister Rini Soemarno said on November 21, 2015, "We are interested to buy the shares, but the seller has yet to give us the price. Of course, we want to see the price.". He also said, "Antam and Inalum had been financially readied to buy PT-FI shares" Detik.com reported. He said "Securities house Bahana Sekuritas is fully ready to assess the nominal value of the shares to be offered by PT-FI."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 15, 2016
PT Freeport Indonesia
 

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