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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...

Amman Mineral Nusa Tenggara Seeks Partner to Build Smelter

JAKARTA (TheInsiderStories) - Indonesian miner, PT Amman Mineral Nusa Tenggara open for a strategic partner to build a copper smelter in West Sumbawa, West Nusa Tenggara, said...

Indonesia’s Dharma Satya to Spends US$71 M in This Year

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Dharma Satya Nusantara Tbk (IDX: DSNG) allocated funds up to Rp1 trillion (US$71.43 million) in this year to...

South Korea’s LG Chem to Signs US$20B Lithium Battery Project This...

JAKARTA (TheInsiderStories) - The South Korean battery giant, LG Chem Ltd., to sign a joint investment agreement to develop nickel become lithium battery for electric vehicle...

Canada’s Pacific Rim Build Nickel Cobalt Plant in Papua

JAKARTA (TheInsiderStories) - Canadian cobalt producer, Pacific Rim Cobalt Corp., (CSE: BOLT) (FRANKFURT: NXFE) has planned to develop nickel-cobalt business in north coast of Papua. To...

Pertamina, Eni Canceling Downstream Project Cooperation in Indonesia

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and Eni S.p.A, an Italian multinational oil and gas company, has recalled the cooperation plans to explore downstream projects...

Indonesia Raises Nickel Royalty from 5% to 10%

JAKARTA (TheInsiderStories) - Indonesian government raised nickel royalty from 5 percent to 10 percent, said energy and mineral resources (EMR) ministry today (12/10). The new...

Chinese Hongfa, Cita Mineral Build Second Alumina Plant in West Kalimantan

JAKARTA (TheInsiderStories) - PT Well Harvest Winning Alumina Refinery, unit of PT Cita Mineral Investindo Tbk (IDX: CITA) under Harita Group, and Hongfa Weili Alumina...

Indonesia’s Bukit Asam Keeps Expanding into Downstream

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Bukit Asam Tbk (PTBA) has planned to set up a joint venture company with PT Pertamina, fertilizer producer PT...
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