Indonesia state mining JV may terminate $831m smelter contract

A joint venture between Indonesian state miners Aneka Tambang (Antam) and Inalum could terminate a contract to build an alumina smelter with its engineering, procurement and construction contractor, an official said on Tuesday, due to lack of progress.

The contract for its $831.5 million smelter could be scrapped if the contractor had no agreement by October, the director of state mining holding firm Mining Industry Indonesia (MIND ID), Danny Praditya, told a parliamentary hearing.