China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation.
Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban starting this June, to allow for their smelters to be completed, the mining minister said on Friday.
A possible ban on exports of bauxite from Indonesia as soon as next year will have little impact on China's aluminium industry because abundant alternative supply from Guinea is available, state-backed Chinese research house Antaike said.
Guinea junta leader Mamadi Doumbouya was inaugurated as interim president on Friday to oversee what regional powers hope will be a short transition to constitutional rule after the Sept. 5 overthrow of president Alpha Conde.