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Cita Mineral forecasts 2 million tonnes in alumina production

17 October 2018 06:45

JAKARTA - PT Well Harvest Memenangkan Alumina Refinery, a subsidiary of PT Cita Mineral Investindo Tbk (CITA), is targeting alumina production of 2 million tonnes, growing from 1 million tonnes. In 2025, aluminum requires about 2.2 million tonnes.

Based on the company's public exposure sheet, the company estimates domestic demand for alumina will increase in Indonesia from year to year. In 2014, alumina consumption recorded 1.95 kg of alumina per capita per year, demand for aluminum 803,721 tonnes per year, and available electricity of 5 million MWh. In 2025, the use of aluminum is 6.79 kg per capita per year, aluminum demand is 2.2 million tonnes, aluminum production is 2.4 million tonnes, and alumina production is 5 million tonnes.

In the first half of 2018, sales revenue was Rp 887.2 billion, up from Rp 231.2 billion in the same period 2017. Gross profit was Rp 369.4 billion, up from Rp 64.9 billion, while profit was Rp 310 9 billion increased from a loss of Rp. 68 billion. (LK)

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