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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...

Indonesia’s Inalum Get Loans US$3.8B from Foreign Lenders

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (Inalum), a state-owned mining holding, has secured US$3.8 billion short-term loan facility from a syndicate banks led by...

Indonesia Extends Freeport’s Special Mining Permit for One Month

JAKARTA (TheInsiderStories) - After extended for couple months, again Indonesia will extend the special mining permit for PT Freeport Indonesia (PTFI) for another month to...

Indonesia’s Inalum Plans to Build Hydropower Plant for US$2.25B

JAKARTA (TheInsiderStories) - State-owned company PT Indonesia Asahan Aluminium (Inalum) is planning to build a 900 MW  hydropower plant in Kayan River, North Kalimantan...

Rio Tinto, Inalum, Freeport Talks on Grasberg Mines Continues

JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg...

Policy Review: A Long Road To End Up Freeport’s Renegotiation Contract

JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Indonesia Will Summon Freeport on Environmental Damage

JAKARTA (TheInsiderStories) - Indonesian Government to sue the U.S. gold and copper miner Freeport Mcmoran Inc. (NYSE: FCX) for polluting the environment, said one...

President: Complete Freeport Shares Divestment by April

JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President...

Freeport McMoran Prepares US$1.2 Billion for Grasberg Mine

JAKARTA (TheInsiderStories) -  U.S miner Freeport Mcmoran Inc. (NYSE: FCX) prepared capital expenditure US$2.1 Billion in this year to develop project in Indonesia and other...

Freeport, Amman Get Copper Export Permit

JAKARTA (TheInsiderStories) - Indonesian government issued copper export permit for PT Freeport Indonesia (PTFI) and local miner PT Amman Mineral Nusa Tenggara (AMNT), said...

Policy Brief: Indonesia Bad Deal with Freeport

JAKARTA (TheInsiderStories) – The long-drawn-out negotiations between the Indonesian government and U.S. miner Freeport McMoRan Inc. (NYSE: FCX) has resulted in absolutely no progress, although...

Indonesia Receives US$112M Dividend from Freeport

JAKARTA (TheInsiderStories) – The Government of Indonesia has received a Rp1.4 trillion (approx. US$112 million) payout from PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan...

Morning Briefs – Jan. 3

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Darmin Sees 50 Companies Go IPO in 2018 Coordinating Minister...