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Indonesia’s J Resources Releases Bond US$27M

JAKARTA (TheInsiderStories) - Gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) announced to released Rupiah bond up to Rp384.09 billion (US$27.24 million) for debt...

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 Bumi Minerals Prepares US$546M for Mining Expansion

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) aims to expand its gold, zinc and lead plant with a total values investment...

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...

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...

Freeport-Mcmoran Wants to Expand Copper Smelter in Gresik

JAKARTA (TheInsiderStories) - American miner, Freeport-McMoRan Inc., (NYSE: FCX) aimed to expand its existing copper smelter at Gresik, East Java by 30 percent, said the company...

ANTAM, Vale Indonesia Declares the Potential Sumbawa

JAKARTA (TheInsiderStories) - A joint venture company (JVC) between PT Aneka Tambang Tbk. (IDX: ANTM) and Eastern Star Resources Pty. Ltd., PT Sumbawa Timur Mining found...

Indonesia’s Bumi Resources Minerals Offers 24 Billion New Shares

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) announced to offers up to 24 billion new Series B shares. The rights issue price...

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...

Indonesia’s Saratoga Sells Merdeka Copper Shares for US$14M

JAKARTA (TheInsiderStories) - Private equity firm, PT Saratoga Investama Sedaya Tbk (IDX: SRTG), reported has sold 131.90 million shares of PT Merdeka Copper Gold Tbk (IDX:...

Indonesia’s FUNDtastic Acquires Invisee for US$6.5M

JAKARTA (TheInsiderStories) - Indonesian financial planner, FUNDtastic has acquired shared of PT Nusantara Sejahtera Investama, the operator of mutual fund selling agent, Invisee, said...

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...

Indonesia’s United Tractors Cuts Capex amid the Pandemic

JAKARTA (TheInsiderStories) - Indonesian heavy equipment producer, PT United Tractors Tbk (IDX: UNTR) sliced this year' capital expenditure (capex) from US$450 million to $250 million due...

US’s Freeport Cuts Investment, Loss in First Quarter of 2020

JAKARTA (TheInsiderStories) - United States (US) miner, Freeport-Mcmoran Inc., (NYSE: FCX) announced an US$800m reduction in 2020 estimated capital expenditure from initial planned $2.8 billion, includes...

Oil, Gold Prices Jumps After US Attacked Iran

JAKARTA (TheinsiderStories) - Oil and gold prices jumped after United States (US) announced has been killed the head of the Iranian Revolutionary Guard Corps-Quds Force,...

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...

Indonesia’s Merdeka Copper Upsizes Gold Production to 200,000 Oz

JAKARTA (TheInsiderStories) - Indonesian gold miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) upsize the production target from 180,000 ounces (oz) to 200,000 ounces...

Indonesia’s Bumi Resources Ready to Produces Gold This Year

JAKARTA (TheInsiderStories) - PT Bumi Resources Minerals Tbk (IDX: BRMS) ready to produce up to 180,000 tons of gold in this year, said the company...

Increase the Liquidity, Indonesia’s Merdeka Copper Stock Split

JAKARTA (TheInsiderStories) - Indonesian miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) has obtained permission from the shareholders to conduct stock split with a...

Singapore’s Wilton Hold Tender Offer Renuka Shares

JAKARTA (TheInsiderStories)- Singapore' Wilton Resources Holding, parent company of Indonesian gold miner PT Renuka Coalindo Tbk (IDX:SQMI) will conduct a mandatory tender offer to buy 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...

Indonesia’s ANTAM to Export 1.2MT Nickel Ore, Extend Gold Mining License

Jakarta (TheInsiderStories) - PT Aneka Tambang Tbk (IDX: ANTM), a state-owned miner targeting to export 1.2 million wet metric ton (wmt) of nickel ore...

Indonesia Posts Inflation 0.31% in July

JAKARTA (TheInsiderStories) - Statistics Indonesia reported the inflation rate went up 0.31 percent in July 2019, slowing from a 0.55 percent gain in the prior...

Indonesia’s J Resources Private Placement May Stumble on Free Float Regulation

JAKARTA (TheInsiderStories) — Indonesian gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) will issue 2.64 billion new shares through private placement, said...

China’s Pengxin In Talks with EMR Capital to Buy Martabe Gold...

JAKARTA (TheInsiderStories)--China's Pengxin International Mining Co. Ltd., is considering to buy Indonesia gold and silver mine Martabe from a consortium led by Australian private...