East Hope to Acquire 5 Bauxite IUPs in Indonesia for $200-250M, Plans Further Geology Review

Published: Mar 5, 2026 10:52

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[SMM Aluminum Express News] East Hope Group to be mentioned that they have reached an MoU to acquire 5 bauxite IUP in Indonesia from PT Bino Artomas Mineral Group. The 5 IUPs has never been on operation yet; however, geology review has been conducted in the Indonesian lab. It will cost around USD 200 - USD 250 mn for all 5 IUP with an area of more than 100,000 hectares in Ketapang, North Kayong, and Melawi.

Current status: East Hope will gather geologist team to conduct the geology review again based on the Chinese lab.

5 IUP mentioned:
PT Panca Raja Perkasa
PT Cakra Internusa
PT Rejeki Jaya Mandiri
PT Bino Artomas Mineral
PT Ridatama Cahaya Abadi

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