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

12 mins ago

Middle East Geopolitical Conflict Drove a Sharp Surge in Aluminum Prices, and Aluminum Prices Are Expected to Hold Up Well in the Short Term [SMM Aluminum Price Weekly Review]

[SMM Aluminum Price Weekly Review: Middle East Geopolitical Conflict Drove a Sharp Surge in Aluminum Prices; In the Short Term, Aluminum Prices Are Expected to Hold Up Well]

12 mins ago

48 mins ago

Inventory Turning Point Failed to Materialize, Aluminum Billet Market Remained Sluggish [SMM Aluminum Billet Weekly Review]

According to SMM statistics, as of March 5, aluminum billet inventory in China’s major consumption areas totaled 398,000 mt. Inventory first increased and then declined, still hovering around 400,000 mt.

48 mins ago

1 hour ago

Data: SHFE, DCE market movement (Mar 05)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Mar , 2026

1 hour ago