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Moody’s Affirms Inalum’s Baa2 Ratings, Changes Outlook to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed PT Indonesia Asahan Aluminium (Inalum or MIND ID)' Baa2 issuer rating and the Baa2 ratings on the miner'...

Sumbawa Timur Founds Copper, Gold Deposits in West Nusa Tenggara

JAKARTA (TheInsiderStories) - Local miner, PT Sumbawa Timur Mining (STM) announced the discovery of the onto copper-gold ore deposit. STM is the seventh generation contract of...

Indonesia’s MIND ID Boost the Production to Curb Import

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminum (MIND ID), a state-owned miner, aimed to boost the production around 500,000 tons of aluminum per annum to...

Indonesia’s ANTAM to Export 1.2MT Nickel Ore, Extend Gold Mining License

Jakarta (TheInsiderStories) - PT Aneka Tambang Tbk (IDX: ANTM), a state-owned miner targeting to export 1.2 million wet metric ton (wmt) of nickel ore...

Indonesia’s Inalum, ANTM Prepares Smelter Project in Menpawah

JAKARTA (TheInsiderStories) – PT Indonesia Asahan Aluminum (Inalum) and PT Aneka Tambang Tbk (IDX: ANTM) have started the construction of bauxite ore to alumina...

Showa Denko Sells 20% Shares in Tayan’s CGA Plant to Antam

Jakarta (TheInsiderStories)--Japanese manufacturer of chemical products Showa Denko has agreed to sell 20 percent shares of PT Indonesia Chemical Alumina (ICA) to Indonesia state-run...

Antam Granted Additional Export Permits for Nickel, Bauxite

JAKARTA (TheInsiderStories) - PT Antam Tbk (ANTAM; IDX: ANTM; ASX: ATM) has received the renewal recommendation permit of mineral export for low grade nickel ore and...

Encouraging Signs in Nickel Smelter Development, But Exports Slow

JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry has recorded an encouraging progress of nickel smelter development as reflected in the amount of...

Bukit Asam to Set Aside $1.5B to Build Power Plants in...

JAKARTA (TheInsiderStories) - Indonesia coal producer PT Bukit Asam (Persero) Tbk (IDX: PTBA) has decided to allocate capital expenditures amounting to $1.5 billion to...

State-Owned Mining Holding Firm Committed to Build Smelter

JAKARTA (TheInsiderStories) - Indonesia finally starts the process to merge four state-owned mining companies under one giant holding company, that will pave the way for...