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

Published: Mar 5, 2026 10:52

Save

[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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Data: SHFE, DCE market movement (May 08)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 May , 2026

11 hours ago

SMM: Domestic Port Bauxite Inventory Rises by 130,000 mt in a Week

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on May 7, the total bauxite inventory at ten domestic ports increased by 130,000 mt from the previous week.

11 hours ago

12 hours ago

Buying Sentiment Recovered Slightly from the Previous Day but Remained Weak [SMM Spot Aluminum Midday Review]

12 hours ago