Russias UC RusAl may build plant in Indonesiaadmin
Russian aluminum giant United Company RusAl said Monday it was considering establishing a bauxite and alumina processing complex in Indonesia.
Media quoted representatives of Indonesian mining company Antam as saying earlier Monday that there were plans for a joint project with UC RusAl to set up a plant in the southeast Asian country at a cost of $220 million, and with capacity of 300,000 metric tons a year.
“Indonesia is interesting for us in terms of rich bauxite reserves, and we are studying opportunities for a project to build a bauxite and alumina producing complex,” spokeswoman Olga Sanarova said.
United Company RusAl, established in March 2007 through a merger of Russian aluminum giants RusAl and SUAL and Swiss Glencore’s alumina assets, accounts for 12.5% and 16% of the global aluminum and alumina markets, respectively.