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The Pakal Island Mine, owned by Indonesia Asahan Aluminium, is a surface mine located in North Maluku. The mine produced an estimated 0.515 MTPA of iron ore in 2020. 5. Nalo Baru Mine. Owned by Earthstone Holdings, the Nalo Baru Mine is a surface mine located in Jambi. It produced an estimated 0.027 MTPA of iron ore in 2020.
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The Indonesian iron ore market reduced dramatically to $788M in 2024, shrinking by -38.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend …
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Iron Ore is expected to trade at 100.68 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to …
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Exports In 2023, Indonesia exported $60.9M in Iron Ore, making it the 34th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 319th most exported product in Indonesia. The main destination of Iron Ore exports from Indonesia are: China ($60.9M), France ($4.96k), Netherlands ($483), Ireland ($205), and Sweden ($188).
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