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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...

Pandemic Effect, Indonesia’s Coal Export Volume Drops 11%

JAKARTA (TheInsiderStories) - The ministry of energy and mineral resources (MEMR) revealed that the realization of Indonesian coal exports has fallen sharply by 11...

Weak Coal Prices, US bond Maturity Weigh BUMA’s Credit Quality

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the twin challenges of low coal prices and a size-able bond maturity continue to challenge Indonesian mining-services contractor, PT...

Indonesia’s Coal Production is Estimating Rises 11% in 2021

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry estimates that 2021' coal production will rises 11 percent to 609 million tones (MT)...

Indo Tambangraya Enters Mineral Resources Businesses

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Indo Tambangraya Megah Tbk (ITMG) entered mineral resources businesses due to the gloomy coal business amid the pandemic....

Indonesian Coal Miners Cut Production in 2020

JAKARTA (TheInsiderStories) - Two of Indonesian coal minerss, PT Indika Energy Tbk (IDX: INDY) and PT Bayan Resources Tbk (IDC: BYAN), are planning to...

Bumi Resources telah Lunasi Hutang AS$328 Juta Sampai Juli

JAKARTA (TheInsiderStories) - Penambang batubara, PT Bumi Resources Tbk (BUMI) telah membayar total AS$327 juta dan bunga $132,02 juta dari pokok Tranche A-nya termasuk...

Indonesia’s Golden Energy Ready to Increases Shares through Rights Issue

JAKARTA (TheInsiderStories) - Sinar Mas Group' listed mining company, PT Golden Energy Mines Tbk (IDX: GEMS) offers as many as 588.24 million new shares...

Until May 2020, Indonesia’s Coal Production Reached 228 MT

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry reported the realization of coal production until May 2020 reached 228 million tons (MT) of coal...

Benchmark of Indonesia’s Coal Prices Lowers to US$52.98/MT in June

JAKARTA (TheInsiderStories) - The reference coal price in June was dropped again to US$52.98 per metric ton (MT) of coal compared to last month was $61.11...

Moody’s Affirms United Tractors Baa2 Rating, Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed Indonesian coal miner, PT United Tractors Tbk (IDX: UNTR)' Baa2 issuer rating. The outlook remains stable. The...

Indonesia’s Bakrie, Ithaca, Air Product to Build Methanol Industry US$2B

JAKARTA (TheInsiderStories) - The consortium of PT Bakrie Capital Indonesia (BCI), PT Ithaca Resources, and an American international corporation, Air Products has formed a strategic alliance...

The “Controversial” Mining Law Passes by Indonesia’s Parliament

JAKARTA (TheInsiderStories) - Amid rejection from various organizations and parties, Indonesia' parliament passes the revision of mining law at the plenary meeting today (05/12). The revision...

Morning Briefing: Indonesia Oversees the Inflation Target

JAKARTA (TheInsiderStories) - Good Morning! To keep inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia (BI) agreed to maintaining volatile...

Mineral, Coal Investment in Indonesia Drops this Year

JAKARTA (TheInsiderStories) - Mineral and coal investment in Indonesia is expected to decline until 2024, said chair of Indonesian Mining and Energy Forum, yesterday (02/12). The...

Indonesia’s Resources Global Listing in Singapore

JAKARTA (TheInsiderStories) - Indonesia' coal trader and shipping operator, Resources Global Development Pte. Ltd. (QSD) list it shares at Singapore Stock Exchange (SGX) catalist board today (01/31)....

Global Bond of Indonesia’s Bayan Resources Get Rating Ba3

JAKARTA (TheInsiderStories) - Indonesian miner, PT Bayan Resources Tbk (IDX: BYAN) planned notes with worth up to US$600 get Ba3 rating from Moody's Investor Service, said...

Indonesia Set Coal Price for DMO US$70 a Ton

JAKARTA (TheInsiderStories) - Indonesian set the coal price for Domestic Market Obligation (DMO) at US$70 a ton starting Jan. 1, 2020. The government also pegged 25 percent...

Indonesia’s Dian Swastatika Build Coal-fired Power Plant in 2020

JAKARTA (TheInsiderStories) - PT Dian Swastatika Sentosa Tbk (IDX: DSSA) aimed to build coal-fired power plant in 2020, local media reported on Wednesday (12/11)....

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...

Singapore’ Geo Energy to Acquires Coal Mines in Indonesia

JAKARTA (TheInsiderStories) - Coal producer, Geo Energy Resources Ltd., has submitted a revised non-binding proposal to acquire new coal assets for a producing coal mine...

Indonesia’s BUMI to Pay Off Debt US$250M in 2019

JAKARTA (TheInsiderStories) - One the largest coal producer in Indonesia, PT Bumi Resources Tbk (IDX: BUMI) planned to pay off around US$250 million of its Tranche...