KONTAN.CO.ID - JAKARTA. A unit of Indonesian state miner MIND ID could scrap a contract to build an $831.5 million alumina smelter due to a lack of agreement with contractors, its director said on Tuesday, noting there was still a target to finish the project by 2024. The contract could be terminated if the contractors had no agreement by October, MIND ID director Danny Praditya, told a parliamentary hearing. Borneo Alumina Indonesia, a joint venture between miners Aneka Tambang (Antam) and Inalum - both units of MIND ID - is the project owner of the smelter, situated in Mempawah, in West Kalimantan province on Borneo island
Indonesia State Miners May Terminate $831 Million smelter Contract - Director
KONTAN.CO.ID - JAKARTA. A unit of Indonesian state miner MIND ID could scrap a contract to build an $831.5 million alumina smelter due to a lack of agreement with contractors, its director said on Tuesday, noting there was still a target to finish the project by 2024. The contract could be terminated if the contractors had no agreement by October, MIND ID director Danny Praditya, told a parliamentary hearing. Borneo Alumina Indonesia, a joint venture between miners Aneka Tambang (Antam) and Inalum - both units of MIND ID - is the project owner of the smelter, situated in Mempawah, in West Kalimantan province on Borneo island