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China: ENFI, Freeport to Build Copper Smelting in West Papua

JAKARTA (TheInsiderStories) - China ENFI Engineering Corp., together with local partners, PT Freeport Indonesia (PTFI) and PT Indonesia Asahan Aluminium (MIND ID) plans to develop...

China’s Tsingshan Targeting Smelter in Halmahera Completed in 2023

JAKARTA (TheInsiderStories) - Chinese manufacturer, Tsingshan Steel Pipe Co. Ltd., targeting the construction of copper smelter in Weda Bay, Central Halmahera, is targeting to be...

Freeport Indonesia Obtaines 2 MT Copper Concentrate Export Permit in 2022

JAKARTA (TheInsiderStories) - Local miner, PT Freeport Indonesia (PTFI), has obtained the export quota of 2 million tones (MT) of copper concentrate export for next year,...

Freeport Indonesia, Tsingshan to build Copper Smelter in Weda Bay

JAKARTA (TheInsiderStories) - Senior minister, Luhut Binsar Panjaitan, said on Wednesday (02/03), PT Freeport Indonesia (PTFI) and China’ Tsingshan Steel is finalizes the development of copper smelter...

Freeport Indonesia’s Copper Sales Rises 20% in 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI), the unit of the global miner, Freeport McMoran Inc., (NYSE: FCX) and PT Indonesia Asahan Inalum (MIND ID),...

Freeport Indonesia Aiming to Raises Net Profit US$870M in 2021

JAKARTA (TheInsiderStories)  - The copper and gold miner, PT Freeport Indonesia (PTFI), aiming to post a net profit of US$ 870 million in 2021. In...

After Get Warning, Freeport Indonesia Promises to Build New Smelter

JAKARTA (TheInsiderStories) - After get warning from the energy and mineral Resources (EMR) ministry, PT Freeport Indonesia (PTFI), agreed to build a new copper smelter...

The Government Send Warning Letter to Freeport Indonesia

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry gave a warning to the gold and copper miner, PT Freeport Indonesia (PTFI), for the delay...

Indonesia’s ANTAM Needs US$1.4B to Dredge Wabu Gold Mines

JAKARTA (TheInsiderStories) - Indonesian miner, PT Aneka Tambang Tbk (IDX: ANTM), need funds around US$1.4 billion to dredge the Wabu gold mines in Papua....

Thohir Asks ex-Mining Land of Freeport Indonesia for ANTAM

JAKARTA (TheInsiderStories) - The state own enterprises (SOEs) minister, Erick Thohir, sent a permit letter to minister of energy and mineral resources (MEMR), Arifin Tasrif, to...

Freeport Indonesia’s Production Rises 9% in the 2Q of 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) ore production capacity at the Grasberg Block Cave and Deep Mill Level Zone (DMLZ) underground mines reached 54,800 metric...

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'...

Freeport Indonesia In-talks With Banks for Smelter Project’s Financing

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) in-talks with local and foreign bank to get a syndicate loans to build smelter project in...

Freeport’s Underground Mine to Produces 96,000 Tons in 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) targeting underground mining volume to reach 96,000 tons of ore per day in 2020. In the following year, the production...

Freeport Indonesia Prepares US$3B to Build Smelter

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) prepared an initial investment US$3 billion to build smelter in the country, said its holding today (10/23). The...

Freeport Indonesia Gets Permit to Export 500,000 Tons of Copper

JAKARTA (TheInsiderStories) - The Energy and Mineral Resources ministry give a license for PT Freeport Indonesia (PTFI) to increase copper export quotas with amount 500,000...

Freeport Get Permit to Export 300,000 Tons of Copper

JAKARTA (TheInsiderStories) -  Indonesia' Energy and Mineral Resources (EMR) ministry rise PT Freeport Indonesia (PTFI)' quota after approved the revision of the company' Work Plan...

Freeport Indonesia Gropes Pocket US$1B to Dig Grasberg Underground Mine

JAKARTA (TheInsiderStories) - A local miner, PT Freeport Indonesia (PTFI) grope pocket over US$1 billio to dig underground mine in Grasberg, Papua. To increase the...

Freeport Indonesia Promises to Build Copper Smelter in 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) is aiming to start construction of a copper smelter in 2020, PTFI President Director Tony Wenas told reporters...

Morning Briefing: An Uphill Battle of Indonesia’s Foreign Debt

JAKARTA (TheInsiderStories) — Good morning! Indonesia kept climbing on the foreign debt lane. An official statement mentioned that the nation holds US$372.9 billion foreign...

Freeport Indonesia Estimated to Generate Profit of US$2B by 2022

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) is predicted to generate a profit of US$2 billion in 2022, said senior official yesterday...

Indonesia Has PTFI, But the Control Still in Freeport-Mcmoran’s Hands

JAKARTA (TheInsiderStories) --  The acquisition process of the PT Freeport Indonesia (PTFI) majority shares to PT Indonesia Asahan Aluminum (Inalum) was completed on Friday...

Freeport Indonesia Gets Operating Permit Until 2031

JAKARTA (TheInsiderStories) – Ministry of Energy and Mineral Resources (MEMR) gave an extension for PT Freeport Indonesia' (PTFI) operating permit, through a Special Mining...

Morning Briefing: US, China Tension at WTO Session

JAKARTA (TheInsiderStories) — Good morning! If you thought that the tensions between the United States (US) and China are easing due to the tariff...

Indonesia’s Inalum Sell Global Bonds US$4B to Pay Short Term Loans

JAKARTA (TheInsiderStories) - State-owned mining holding PT Indonesia Asahan Aluminium (Inalum) has sold multi-tranche Senior Unsecured Notes US$4 billion on Thursday (08/11), said sources closed...

Freeport-McMoran Gains Sales Rocket from Indonesia Mines

JAKARTA (TheInsiderStories) — Global miner Freeport-McMoran Gold & Copper Inc., (NYSE: FCX) recorded ripping financial growth in the third quarter (3Q) of 2018, amid...

Moody’s Assigns First-time Baa2 Issuer Rating to Inalum

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 issuer rating to Indonesia Asahan Aluminium (Persero) (P.T.) (Inalum) and a Baa2 rating to the company's...

Morning Briefing: BI Instills Market Confidence, Stability with Fifth Rate Hike...

JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) provides the market with a sense of stability and confidence by delivering the fifth hike to the reference...

Officially Inalum to Hold 51% Freeport Indonesia Shares After Long Discussions

JAKARTA (TheInsiderStories) – Finally, the PT Freeport Indonesia (PTFI) divestment shares signed after a long years of discussion. The signing ceremony between the state-owned miner PT Indonesia...

Breaking News: Indonesia Will Signs Freeport Deal Today

JAKARTA (TheInsiderStories) - Indonesian government through the state-owned miner PT Indonesia Asahan Aluminium (Inalum) will sign the Sales and Purchase Agreement on the share sales...
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