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Indonesia’s Inalum Sold Bond US$2B to Refinances Debt, Build Projects

JAKARTA (TheInsiderStories) - Integrated aluminum company, PT Indonesia Asahan Aluminium (Inalum) has successfully issued global bond worth of US$2.5 billion, said the state own enterprises ministry...

Indonesia’s MIND ID Eyes Fresh Funds From Global Bond

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (MIND ID), a state-owned miner, looking fresh funds from global bond market. The proposed senior notes get Baa2 with...

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'...

Indonesia Imposes Tariffs on Imported Aluminium Foils

JAKARTA (TheInsiderStories) - The Indonesian government has imposed safeguard tariffs for imported aluminum foil products, the trade ministry announced on Wednesday (11/07). The new...

Indonesia’s Bukit Asam, Antam to Build Power Plant in East Halmahera...

JAKARTA (TheInsiderStories) - Two Indonesian miner, PT Bukit Asam Tbk (IDX: PTBA) and PT Aneka Tambang Tbk (IDX: ANTM) plans to build a 2×45...

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...

Indonesia Builds Mentarang Hydroelectric Plant Next Year

JAKARTA (TheInsiderStories) - Indonesian aimed to built Mentarang Hydroelectric Power Plant, in North Kalimantan, with total costs US$2 billion starting 2020, said Coordinating Minister...

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...

Morning Briefing: BI is Expecting to Cut Interest Rate

JAKARTA (TheInsiderStories) – Good morning! Indonesian central bank (BI) meeting today to take position on its monetary stance. On June 20, the Bank maintained a...

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...

Indonesia’s Inalum Bought Bukit Asam Shares US$188 Million

JAKARTA (TheInsiderStories) - State-owned mining holding, PT Indonesia Asahan Aluminium (Inalum) bought 788.66 million treasury stocks of PT Bukit Asam Tbk (IDX: PTBA) at...

Indonesia’s Inalum, ANTM Prepares Smelter Project in Menpawah

JAKARTA (TheInsiderStories) – PT Indonesia Asahan Aluminum (Inalum) and PT Aneka Tambang Tbk (IDX: ANTM) have started the construction of bauxite ore to alumina...

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 Bewildered ahead of Fed Rate Announcement

JAKARTA (TheInsiderStories) — Good morning! The Federal Open Market Committee will announce the United State' (US) rate decision today. Fear over Federal Reserve (Fed) officials'...

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...

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...

Freeport Export Permit Extended for One Month

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Energy and Mineral Resources (MEMR) again give a temporary export permit to PT Freeport Indonesia (PTFI) due to the share sales...

Inalum to Takes Over 45.78% Freeport Indonesia Shares for US$3.85B

JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper...

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...

The Offering Price of Rio Tinto’s Interest in President Widodo’s Hands

JAKARTA (TheInsiderStories) - President Joko Widodo has pocketed the offering price of 40 percent participating global miner Rio Tinto Group (ASX: RIO) in PT Freeport...

This Is How Indonesian Government Giving Freeport More Headache

JAKARTA (TheInsider Stories) - Indonesia's plan to implement new environmental standards later this month is likely to hurt US mining giant Freeport-McMoRan's ((NYSE: FCX) operations deeply,...

Antam Granted Additional Export Permits for Nickel, Bauxite

JAKARTA (TheInsiderStories) - PT Antam Tbk (ANTAM; IDX: ANTM; ASX: ATM) has received the renewal recommendation permit of mineral export for low grade nickel ore and...

Inalum Moving Closer in Buying Rio Tinto’s Interest in Freeport

JAKARTA (TheInsiderStories) - State-owned mining holding company PT Inalum has submitted a price value proposal to purchase 40 per cent Rio Tinto's participating interest in...