Chalieco wins RMB 5.3 billion contract to build alumina refinery in Indonesia
A consortium led by China Aluminium International Engineering, a listed arm of Chinese aluminium giant Aluminium Corporation of China, has reportedly won a contract worth RMB 5.3 billion (USD745.3 million) to build an alumina refinery in Indonesia.
The news arrived after Chalieco confirmed on October 24 on receiving the report from PT Borneo Alumina Indonesia that it won the engineering, procurement, and construction contract.
As per the report, the project will have an annual output of 1 million tonnes of metallurgical grade alumina.
Chalieco said that it would receive the contract amount in two parts, without disclosing the division between partners or the schedule. In the first part, it will receive US$369.9 million and in the second, US$374.6 million.
Chalieco will be in charge of the project design, major equipment procurement, debugging, and ensuring the expected output. The Jakarta-based property firm will install the equipment and do some of the construction work.
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