Nanshan Aluminum will invest in Indonesia and fulfill the practice of "Belt and Road Initiative"

The investment in Indonesia alumina project proposed by Nanshan Aluminum has become another example of domestic listed companies to explore overseas transformation and practice "The Belt and Road" idea. 

A few days ago, an investigation group composed of representatives of the Indonesian government and institutions conducted a visit to the Nanshan Aluminum Industry Park. It affirms the unique advantages of the company in the development of aluminum industry and the prospect of the Indonesian alumina project.

Public information shows that the project of 1 million tons of alumina invested by Nanshan Aluminum in Bintan Island, Riau province, Indonesia, will produce alumina by using local rich bauxite and coal resources after the completion of the construction.

During the investigation, the delegation visited the light alloy hot rolling, the worsted filat, the East China Sea aviation wood garden and other places. They had a detailed understanding of the development of the company, appreciated the scientific layout, long-term development and the unique advantages of the group in the development of aluminum industry, and are confident of their cooperation in the future.

As our natural partner and an important fulcrum to build "Belt and Road Initiative", Indonesia is rich in resources, vast in market and has great potential. There have been thousands of Chinese enterprises to carry out investment in Indonesia since the "Belt and Road Initiative" was put forward.

Indonesia is rich in bauxite and coal resources. The project of building alumina factories in Indonesia is conducive to the convenient and efficient utilization of the local bauxite resources, which is in line with the national industrial planning direction. It is reported that Indonesia bauxite reserves of about 19 tons, mainly in Riau Bintan island and West Kalimantan mining town of Yan tower. Bauxite is a staple mineral in China, the contradiction between supply and demand is very prominent, and the dependence of the bauxite is kept at about 50% for a long time. Indonesia introduced the ban on the export of raw minerals in 2014, which limited the bauxite import channels of the company. The project of building a factory in bauxite producing area, directly utilizing the abundant bauxite and coal resources of the local area, realized the low cost alumina capacity expansion, enhanced the company's profitability and further improved the ability to resist risks. After the completion of the project, the company's investor in Indonesia, BAI, is expected to replace Australia as a major supplier of alumina in Southeast, South Asia and the Middle East.