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Indonesia Set the Coal Price US$84.49 a MT in March

JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry set the thermal coal price at US$84.49 a metric ton (MT) in March, dropped by 3.8...

Indo Tambangraya Targets to Produce 19.9 MT of Coal

JAKARTA (TheInsiderStories) - Coal miner, PT Indo Tambangraya Megah Tbk (IDX: ITMG), targeting the coal production around 19.9 million tones (MT) in this year or up...

Indonesia’s Harum Energy Buys Nickel Smelter for US$69M

JAKARTA (TheInsiderStories) - PT Harum Energy Tbk (IDX: HRUM), a miner owned by local tycoon Kiki Barki, bought 24.5 percent of the total shares of private nickel...

Indonesia Eases Royalty Payments for Downstream Coal Producer

JAKARTA (TheInsiderStories) - Indonesian government has issued 49 implementing regulations under Omnibus Law Number 11 of 2020 on Job Creation, one of which is in the...

Indo Tambangraya, ABB Power Build Microgrid Solutions in Indonesia

JAKARTA (TheInsiderStories) - Coal producer, PT Indo Tambangraya Megah Tbk (IDX: ITMG) collaborating with PT ABB Power Grids Indonesia, a joint venture firm of Japan' Hitachi...

Indonesia’s Indika to Produces 31 MT of Coal in This Year

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Indika Energy Tbk (IDX: INDY) targeting the coal production from its two subsidiaries around 31.4 million tones (MT) of...

Indonesia’s Bukit Asam More Aggressives in This Year

JAKARTA (TheInsiderStories) - State miner, PT Bukit Asam Tbk (IDX: PTBA) is planning a number of new developments in 2021 to improve the operational performance and...

Indonesia’s Adaro Targeting to Produces 54MT of Coal

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Adaro Energy Tbk (IDX: ADRO) targeting the sales and coal production around 52 - 54 million tones (MT) of...

Indonesia’s Harum Energy Targets to Produce Coal 3.75MT in 2021

JAKARTA (TheInsiderStories) - Coal miner, PT Harum Energy Tbk (IDX: HRUM) is targeting an increase in coal production of around 25 percent from the realization in...

Indonesia Set the Coal Price US$87.79 a MT in February

JAKARTA (TheInsiderStories) - Indonesian government set the reference coal prices in February at US$87.79 per metric ton (MT) or up by 15.7 percent from the previous...

Indonesian Coal Exports Fell 32.7% in 2020 due to Low Demands

JAKARTA (TheInsiderStories) - Indonesian coal exports throughout 2020 recorded 305.77 million tones (MT) of coal or only 77.4 percent of the targets at 395 MT of...

Indonesia Waives Sanctions for the Coal Producers Not Comply the DMO...

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry, exempt the obligation for a number of coal producers to pay their compensation after failed...

Indonesia Targets New Investment US$6B in Mining Sector

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry set the investment target in mining sector could reached of US$5.98 billion in 2021, said...

Indonesia’s United Tractors Eyes 1,700 Heavy Equipment Sales

JAKARTA (TheInsiderStories) - Heavy equipment and gold mining service company, PT United Tractors Tbk (IDX: UNTR) targeting to sell Komatsu' heavy equipment around 1,700 units...

Indonesia’s United Tractors Rises Gold Sales Target to 340,000 Oz

JAKARTA (TheInsiderStories) - The mining company under Astra Group, PT United Tractors Tbk (IDX: UNTR) targeting the gold sales volume in 2021 to reach 340,000...

Indonesia’s ABM Investama Eyes 13 MT Coal Production in 2021

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT ABM Investama Tbk (IDX: ABMM) targeting an increase in production volume to around 13 million tons (MT) of coal for...

Indonesia’s Indika Prepares Capex US$130M, Focuses on Non-Coal Businesses

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Indika Energy Tbk (IDX: INDY) prepared capital expenditure around US$130 million in 2021 from this year targets $100 million,...

Indonesia’s Harum Energy Buy Nickel Mines Shares Again for US$28M

JAKARTA (TheInsiderStories) - Coal miner owned by Indonesian tycoon Kiki Barki, PT Harum Energy Tbk (IDX: HRUM), again purchased 39.09 million shares of an Australian...

Indonesia’s Petrosea Prepares Capex US$100M in 2021

JAKARTA (TheInsiderStories) - Indonesian miner, PT Petrosea Tbk (IDX: PTRO) prepared capital expenditure of around US$100 million in 2021 to support the mining service, said...

Indonesian Demand for DMO to Reaches 187MT in 2024

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry sees, the demand for Domestic Market Obligation (DMO) is estimated to increase by 21 percent to 187...

Most of Indika’s Bondholders Agrees to Amend the Term

JAKARTA (TheInsiderStories) - Bondholders of the the local miner, PT Indika Energy Tbk (IDX: INDY), gave an approval to amend the global bond worth of US$575...

To Avoid Delisting, Golden Energy Mines Meets Free Float Shares

JAKARTA (TheInsiderStories) - To prevent delisting from the Indonesia Stock Exchange (IDX), the coal miner, PT Golden Energy Mines Tbk (IDX: GEMS) finally to releases a new...

Indonesia’s Bayan Resources to Spends US$150M in 2021

JAKARTA (TheInsiderStories) - A coal miner owned by tycoon Low Tuck Kwong, PT Bayan Resources Tbk (IDX: BYAN) prepared a capital expenditure (capex) around US$150 million...

The Realization Investment in Mining Sector Lower than Target

JAKARTA (TheInsiderStories) - Indonesian government noted the realization of investment in mining sector was only US$2.88 billion until October, amid the impact of the COVID-19 pandemic,...

India, Indonesia Talks on Coal Trading After Slowing in Three Quarters

JAKARTA (TheInsiderStories) - India and Indonesia hold a discussions on coal trade during the fifth Joint Working Group between the countries this week, it said in...

Arutmin Indonesia Obtained Special Mining License Until 2030

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry has issued a special mining business permit to PT Arutmin Indonesia, a unit of coal miner,...

Indonesia’s Bukit Asam will Save US$592M from DME Project

JAKARTA (TheInsiderStories) - State-owned miner, PT Bukit Asam Tbk (IDX: PTBA), stated that the construction of a downstream coal plant into dymethyl ether (DME)...

Indonesia’s Coal Consumption for DMO Only 141MT in 2020

JAKARTA (TheInsiderStories) - Senior economic minister, Airlangga Hartarto, sees the absorption of coal for domestic market obligation (DMO) only reach 141 million tons (MT) of...

Moody’s Assigns Ba3 to Indika Energy’s US Dollar Bond

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) to Indonesian miner, PT Indika Energy Tbk (IDX: INDY), said the agency on...

Indonesian Miner Must Creates Reserve Fund and Exploration Plans

JAKARTA (TheInsiderStories) - Indonesian miner are obliged to carry out further exploration accompanied by the preparation of mineral and coal reserve fund, said the official...
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