On November 27, 2017, PT Indonesia Asahan Aluminium (Persero), otherwise known as INALUM, officially became a state-owned mining industry holding company, combining stakes owned by the Indonesian government in PT ANTAM Tbk, PT Bukit Asam Tbk, PT Timah Tbk, and PT Freeport Indonesia.

On August 17, 2019, INALUM as Indonesia’s mining industry holding company unveiled, between the holding function and its aluminium-smelting function.

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