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View all search resultsInalum will be worth $1.2b in 2013, govt says
The government said Friday that the book value of state aluminum producer PT Inalum would be US$1
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T
he government said Friday that the book value of state aluminum producer PT Inalum would be US$1.2 billion by 2013.
Finance Ministry state assets director Arif Baharuddin said the government would take over Inalum for a price based on the company’s book value after its current operation contract expires.
“We predict that the book value of company will be $1.2 billion in 2013. The exact figure still needs due diligence,” he said.
Inalum was established through an agreement with the Japanese government in 1976 that expires in 2013.
The Indonesian government has a 41.1 percent stake in the company and the Japanese consortium holds 58.9 percent.
The company produces 250,000 tons of aluminum per year, 60 percent of which is exported to Japan.
