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90% Profit of Indonesia’s Bukit Asam Shared as Dividends

JAKARTA (TheInsiderStories) - Indonesian government decided 90 percent of profit state-owned coal miner, PT Bukit Asam Tbk (IDX: PTBA) in 2019 will distributes as dividend, said...

Indonesia’s MIND ID Eyes Fresh Funds From Global Bond

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (MIND ID), a state-owned miner, looking fresh funds from global bond market. The proposed senior notes get Baa2 with...

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'...

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 Bukit Asam Eyes Coal Production 30MT of Coal in 2020

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) targeting the coal production could reached 30 million tons (MT) in 2020,...

Indonesia’s Bukit Asam Raises Funds US$155M from Treasury Stocks Sale

JAKARTA (TheInsiderStories) - Indonesia coal miner, PT Bukit Asam Tbk (IDX: PTBA) raised fresh funds Rp2.17 trillion (US$155 million) from the sale of 649.98...

Bukit Asam Sells US$143M’s Coal to Taiwan

JAKARTA (TheInsiderStories) - Indonesia coal mining company, PT Bukit Asam Tbk (IDX: PTBA) signed a coal sales contract 2 million tons (MT) of coal...

Indonesia’s Bukit Asam, Antam to Build Power Plant in East Halmahera...

JAKARTA (TheInsiderStories) - Two Indonesian miner, PT Bukit Asam Tbk (IDX: PTBA) and PT Aneka Tambang Tbk (IDX: ANTM) plans to build a 2×45...

Indonesia’s Inalum Bought Bukit Asam Shares US$188 Million

JAKARTA (TheInsiderStories) - State-owned mining holding, PT Indonesia Asahan Aluminium (Inalum) bought 788.66 million treasury stocks of PT Bukit Asam Tbk (IDX: PTBA) at...

Indonesia’s Bukit Asam Launches DME Plant in Riau

JAKARTA (TheInsiderStories) – Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA), PT Pertamina and United States' Air Product and Chemicals launched the coal downstream...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...

Indonesia’s SOEs Ministry Dismissed Said Didu’s Position Over His Critism

JAKARTA (TheInsiderStories) - Indonesia' Ministry of State-Owned Enterprises (SOEs) dismissed the former Secretary of the Muhammad Said Didu, as the commissioner of coal miner PT Bukit...

Indonesia’s Bukit Asam, KAI Signs Coal Transport Development

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) and state-owned railways operator, PT Kereta Api Indonesia (KAI) signed Coal Transport Development Framework...

Industry Review : Mood Upbeat in Coal Business

JAKARTA (TheInsiderStories) - Indonesian miners – and in particular coal players - will see improved earnings growth in 2018, driven by a vigorous rebound of coal prices...

Inalum Now Controls 9.36% Shares of Freeport Indonesia

JAKARTA (TheInsiderStories) - Indonesian aluminum producer PT Indonesia Asahan Aluminium (Inalum) now owns 9.36 percent of the shares of PT Freeport Indonesia, after the...

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 to Build Smelter Soon

JAKARTA (TheInsiderStories) - Indonesia has finally embarked on the complex process to merge four state-owned mining companies under one giant holding company, a move that will pave...

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...

Bukit Asam, PLN Signs PPA Sumsel 8 Power Plant

Jakarta (TheInsiderStories) – State-owned mining company PT Bukit Asam Tbk (IDX:PTBA) through PT Huadian Bukit Asam Power, a joint venture company with China Huadian...