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Indonesia’s Petrosea Gets New Mining Contract US$186M

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Petrosea Tbk (IDX: PTRO) and its subsidiary PT Karya Bhumi Lestari have signed a mining service agreement with estimating...

Indonesia’s Indika Enters Electric Vehicle Business

JAKARTA (TheInsiderStories) - Mining company, PT Indika Energy Tbk (IDX: INDY) has established PT Electra Mobility Indonesia (EMI), an electric motorcycle parts and accessories producer, the management...

Indonesia’s Indika Prepares US$500M to Develop Solar Energy

JAKARTA (TheInsiderStories) - CEO of PT Indika Energy Tbk (INDY), Arsjad Rasjid, said on Wednesday (03/24), the coal miner to spend US$500 million on the solar panel project...

Indika, Fourth Partner Energy Singapore Partnering in Solar Power Businesses

JAKARTA (TheInsiderStories) - PT Indika Tenaga Baru, the unit of publicly listed firm, PT Indika Energy Tbk (IDX: INDY), has established a joint venture...

Indonesia’s Indika to Produces 31 MT of Coal in This Year

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Indika Energy Tbk (IDX: INDY) targeting the coal production from its two subsidiaries around 31.4 million tones (MT) of...

CT Corp, Indika Wins Patimban Port Phase 2 Project

JAKARTA (TheInsiderStories) - The ministry of transportation announced the winner of the Patimban Port project in Subang, West Java, is the Patimban consortium. The consortium consist...

Indonesia’s Indika Prepares Capex US$130M, Focuses on Non-Coal Businesses

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Indika Energy Tbk (IDX: INDY) prepared capital expenditure around US$130 million in 2021 from this year targets $100 million,...

Most of Indika’s Bondholders Agrees to Amend the Term

JAKARTA (TheInsiderStories) - Bondholders of the the local miner, PT Indika Energy Tbk (IDX: INDY), gave an approval to amend the global bond worth of US$575...

Indonesia’s Indika Energy Jack Up Nusantara Resources Shares

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Indika Energy Tbk (IDX: INDY) increased the share ownership portion directly and indirectly in Nusantara Resources Ltd., (NUS) to...

Indonesia’s Indika Amends the Terms of Global Bond US$575M

JAKARTA (TheInsiderStories) - Local miner, PT Indika Energy Tbk (IDX: INDY) unit, submitted the amendment of terms and conditions of the its global bond of US$575...

Indonesia’s Indika Raises US$675M from Bond Issuances

JAKARTA (TheInsiderStories) - The coal miner, PT Indika Energy Tbk (IDX: INDY) has completed the issuance of global bond with total amount of US$675 million in...

Moody’s Assigns Ba3 to Indika Energy’s US Dollar Bond

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) to Indonesian miner, PT Indika Energy Tbk (IDX: INDY), said the agency on...

Indonesia’s Indika Seeking Funds US$650M from Global Market

JAKARTA (TheInsiderStories) - The integrated oil and gas services company, PT Indika Energy Tbk (IDX: INDY) seeks fresh funds from global bond market by issue senior...

Indonesia’s Indika Acquires Masmindo Resources Shares for US$15M

JAKARTA (TheInsiderStories) - A subsidiary of PT Indika Energy Tbk (IDX: INDY) through its unit, PT Indika Mineral Investindo (IMI), entering gold businesses by acquires 25...

Indonesian Coal Miners Cut Production in 2020

JAKARTA (TheInsiderStories) - Two of Indonesian coal minerss, PT Indika Energy Tbk (IDX: INDY) and PT Bayan Resources Tbk (IDC: BYAN), are planning to...

Moody’s Revises Outlook on Indika Energy, ABM Investama to negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3  corporate family rating of PT Indika Energy Tbk (IDX: INDY). The agency also affirmed the Ba3...

Indonesia’s Indika Energy Buyback Bond US$215M

Jakarta (TheInsiderStories) - An Indonesia' energy company, PT Indika Energy Tbk (IDX: INDY) has buyback bond worth of $215 million, the management said today...

Indonesia’s Indika Energy 100% Owns Multi Tambangjaya

JAKARTA (TheInsiderStories) - Indonesia' energy company, PT Indika Energy Tbk (IDX: INDY) through its unit has acquired a 15 percent or 2,63 million shares...

Indonesia’s Indika Adding Ownerhips in Australian Natural Resources

JAKARTA (TheInsiderStories) – Indonesian miner, PT Indika Energy Tbk (IDX: INDY) through its unit, PT Indika Mineral Investindo (IMI), has invested AUS$639,459.80, or equivalen to...

Indika Completes Acquisition 45% Kideco Shares

JAKARTA (TheInsiderStories) - Publicly listed coal mining company PT Indika Energy Tbk (IDX: INDY) together with its wholly owned subsidiary, PT Indika Inti Corpindo completed the purchase...
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