ADMR’s Commitment to Strengthening Aluminum Downstream Routes

In the period of January-September 2023, PT Adaro Minerals Indonesia Tbk. (ADMR) spent a total of $95.7 million.

Hafiyyan & Pandu Gumilar

28 Nov 2023 - 20.39
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ADMR’s Commitment to Strengthening Aluminum Downstream Routes

One of the projects of PT Adaro Minerals Indonesia Tbk. (ADMR), a subsidiary of PT Adaro Energy Tbk. (ADRO). Photo/JIBI

Bisnis, JAKARTA—In the period of January-September 2023, PT Adaro Minerals Indonesia Tbk. (ADMR) spent a total of $95.7 million. This surpasses the initial allocation of $70 million-$90 million set for the same period. The allocated funds were utilized for the construction of an aluminum smelter owned by Kalimantan Aluminum Industry (KAI) in North Kalimantan, as well as for infrastructure development related to coal business logistics routes.

ADMR, which holds a 65% majority stake in Kalimantan Aluminum Industry (KAI), has ambitious plans for the construction of an aluminum smelter with an annual production capacity of 1.5 million tons. The company is set to invest a substantial amount, totaling $2 billion, for the complete realization of this project.

President Director of ADMR Christian Ariano Rachmat emphasized the company's active engagement in exploring opportunities in the mineral sector, particularly in the downstream processing of minerals.

He pointed that this business endeavor plays a pivotal role in steering the Adaro Group toward a green economy and fostering sustainable growth.

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Editor: Aprilian Hermawan
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ADMR’s Commitment to Strengthening Aluminum Downstream Routes

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