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Indian Metals files $600 million claim against Indonesia in the international court: Report

19 Nov 2015 Evaluate

Indian Metals and Ferro Alloys has reportedly filed a nearly $600 million claim against Indonesia in the international court, alleging that overlapping mining permits have disrupted its operations. The Permanent Court of Arbitration will hold a hearing on the case in Singapore on December 6.

The company is holding mining business permits but it cannot produce because they overlap with seven other permits in East Barito, Tabalong and South Barito. Land disputes and overlapping permits for plantation and mining operations are a common problem in Indonesia as various government agencies use different maps and data.

Indian Metals & Ferro Alloys is primarily involved in the production of ferro alloys including charge-chrome (high-carbon ferro-chrome), and has an installed furnace capacity of 157 MVA in its two units in Therubali and Choudwar districts of Orissa. The company’s operations are supported by a 108 MW captive thermal power plant (at Choudwar) and captive chromite mines.

 

Indian Metal & Ferro Share Price

1546.10 79.25 (5.40%)
08-May-2026 16:59 View Price Chart
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Company Name CMP
Indian Metal & Ferro 1546.10
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