Starting from the furniture business, in 2005 CITA penetrated a new line of business namely bauxite mining, through an investment in PT Harita Prima Abadi Mineral. In line with the development of the business sector, on May 2, 2007, CITA changed the company's name from PT Cipta Panel Utama Tbk to PT Cita Mineral Investindo Tbk. Since the company name has been officially changed, CITA and its subsidiaries are increasingly recognized as one of the largest bauxite producers in Indonesia.
To increase the added value of bauxite products, in 2013, CITA began building a Smelter Grade Alumina (SGA) production facility in West Kalimantan, in order to support the Government's efforts to increase added value through mineral downstreaming. The SGA production facility operated in 2016 and made CITA the first SGA-producing company in Indonesia, through an associate company PT Well Harvest Winning Alumina Refinery (WHW). CITA has a 30% stake in PT WHW, while other shareholders consist of China Hongqiao Group Limited 56%, Winning Investment (HK) Company 9% and Shangdong Weiqiao Aluminum and Electricity Co. Ltd 5%.
To increase the added value of bauxite products, in 2013, CITA began building a Smelter Grade Alumina (SGA) production facility in West Kalimantan, in order to support the Government's efforts to increase added value through mineral downstreaming. The SGA production facility operated in 2016 and made CITA the first SGA-producing company in Indonesia, through an associate company PT Well Harvest Winning Alumina Refinery (WHW). CITA has a 30% stake in PT WHW, while other shareholders consist of China Hongqiao Group Limited 56%, Winning Investment (HK) Company 9% and Shangdong Weiqiao Aluminum and Electricity Co. Ltd 5%.
The year of 2018 was the important stage that proves the ability of PT
Cita Mineral Investindo Tbk (CITA / the Company) as an increasingly
stable company in the bauxite mining business and the production of
Smelter Grade Alumina (SGA). CITA entered the SGA business since the
commercial operation of the first stage bauxite processing plant, which
is under the associated entity PT Well Harvest Winning Alumina Refinery
(WHW). Along with the operation of WHW’s SGA production plant, CITA is
proud to be able to supply the main raw materials for aluminium
production for the national aluminium industry which previously only
relied on imported materials. CITA has been able to realize the export
of washed bauxite or Metallurgical Grade Bauxite (MGB) for 2.66 million
tons in the period from January to December 2018. This achievement was
accompanied by MGB sales to the domestic market for 1.30 million tons.
In the same year, the Company was also awarded an export quota of MGB
for 3.28 million tons for the period of 2018 to 2019. Cita Mineral Investindo (CITA) History
Vision
To become the leading producer of bauxite and alumina in Indonesia
To become the leading producer of bauxite and alumina in Indonesia
Mission
- To manage the bauxite resources optimally.
- To implement Good Mining Practice.
- Committed to implement the HSE (Health Safety and Environment) Policy and responsible environment.
- To harmonize the support of environment and local community.
- To increase the shareholder’s value.
PT CMI Tbk
Panin Bank Building Lt 2
Jl. Jend Sudirman
Kav 1 – Senayan
Kav 1 – Senayan
Jakarta Pusat 10270
Ph. +62 21 7251344
Fax. +62 21 72789885
Corporate Secretary
Email: corsec@citamineral.com
