Wednesday, September 25, 2024
25 C
Brunei Town

Latest

Indonesia entering new phase as industrial nation, says president

JAKARTA (BERNAMA-ANTARA) – Indonesian President Joko Widodo announced that Indonesia is transitioning into a new phase as an industrial country, driven by significant infrastructure developments aimed at supporting the downstream of its natural resources.

The president made the statement while inaugurating the first bauxite injection facility of the smelter grade alumina refinery (SGAR) of PT Borneo Alumia Indonesia in Mempawah, West Kalimantan, yesterday. “These are traces of industrialisation, the beginning of industrialisation in our country, Indonesia,” he noted in his remarks, reported ANTARA news agency.

The head of state remarked that the traces of industrialisation were marked by the operation of several smelter facilities in the country to process mineral ore into pure metal or metal alloys.

Apart from the Mempawah SGAR, Widodo highlighted that Indonesia had also begun operating the copper smelter belonging to PT Amman Mineral in Sumbawa, West Nusa Tenggara, worth IDR21 trillion (USD1.3 billion), on Monday. The copper smelter is built on 272 hectares of land and is approximately 1.5 kilometres from Benete Port.

The copper smelter has a processing capacity of 900,000 tonnes of copper concentrate per year supplied from the Batu Hijau and Elang mines and processes 139,000 tonnes of silica flux annually.

The president also inaugurated a smelter facility of PT Freeport Indonesia in Gresik, East Java, on Monday, with a total investment of IDR56 trillion (USD3.5 billion) and is expected to boost state revenues to IDR80 trillion (USD5 billion) from various sources, including dividends, royalties, regional taxes, and export taxes.

Yesterday’s first bauxite injection of the first phase of the SGAR project, inaugurated by the president, has an alumina production capacity of up to one million tonnes per year, with an investment value of IDR16 trillion (USD1 billion).

The project will connect the supply chain between bauxite ore minerals in West Kalimantan produced by PT Aneka Tambang and Inalum’s aluminum smelter in Kuala Tanjung, North Sumatra.

File photo shows job seekers at an employment fair organised by the provincial government in Surabaya, Indonesia. PHOTO: AFP
spot_img

Related News

spot_img