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Indonesia’s ANTAM Targets Higher Sales Volume in 2021

JAKARTA (TheInsiderStories) - State miner, PT Aneka Tambang Tbk (IDX: ANTM), also know ANTAM, targeting the sales volume of nickel ore rose 104 percent in this...

Indonesia’s Timah Targeting Sell 31,000 Tones of Tins

JAKARTA (TheInsiderStories) - State miner, PT Timah Tbk (IDX: TINS) targeting to sell 31,000 tones of tins and process 30,000 tones of tin ore to becomes 34,000...

Indonesia In Talks with Fortescue, Tsingshan to Build Smelter

JAKARTA (TheInsiderStories) - Indonesia is in talks with Australia’ Fortescue Metals Group Ltd., and China’ Tsingshan Group to build a new industrial estate for metal...

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...

DPWorld, Maspion Group Build Port in East Java for US$1.2B

JAKARTA (TheInsiderStories) - DP World and Caisse de dépôt et placement du Québec has signed a long-term agreement with Indonesian conglomeration company, Maspion Group, to construct...

Vale Indonesia Allocates Capex US$152M, Profits Skyrocketed

JAKARTA (TheInsiderStories) - A nickel miner, PT Vale Indonesia Tbk (IDX: INCO), preparing funds of US$152 million to execute furnace and other projects in this year. At...

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),...

Indonesia’s Timah Prepares Funds US$136M for Expansion

JAKARTA (TheInsiderStories) - The state-owned tins producer, PT Timah Tbk (IDX: TINS), allocated a capital expenditure of Rp1.9 trillion (US$134.75 million) for this year, said the...

LG Energy, SOEs Build EV Industrial Centre in Indonesia

JAKARTA (TheInsiderStories) - Indonesia will soon have the first integrated electric vehicle (EV) battery cell industrial center, after the South Korean firm, LG Energy Solution Ltd.,...

MIND ID, Emirates Global to Build Smelter in Indonesia for US$800M

JAKARTA (TheInsiderStories) - The holding of state mining firms, PT Indonesia Asahan Aluminum (MIND ID) signed a deal with Emirates Global Aluminum (EGA), the largest aluminum...

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...

Indonesia’s Timah Looking US$100M Loans from MIND ID

JAKARTA (TheInsiderStories) - Tin producer, PT Timah Tbk (IDX: TINS) is exploring a loan facility amounting to US$100 million from its parent, PT Indonesia...

ANTAM, PLN, Pertamina Forms Indonesia Battery Holding

JAKARTA (TheInsiderStories) - State-run firms, PT Aneka Tambang Tbk (IDX: ANTM), PT Perusahan Listrik Negara (PLN), and PT Pertamina, plans to form a new venture...

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...

Vale Indonesia Sees Slowing Demand for Nickel and World Supply

JAKARTA (TheInsidersStories) - Nickel producer, PT Vale Indonesia Tbk (IDX: INCO) is projecting a slowdown, both in terms of demand and supply, as commodity...

MIND ID officially Holds 20% Vale Indonesia Shares

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (MIND ID0 officially hold 20 percent shares of PT Vale Indonesia Tbk (IDX: INCO) after signed a definitive agreement...

90% Profit of Indonesia’s Bukit Asam Shared as Dividends

JAKARTA (TheInsiderStories) - Indonesian government decided 90 percent of profit state-owned coal miner, PT Bukit Asam Tbk (IDX: PTBA) in 2019 will distributes as dividend, said...

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...

Sumbawa Timur Founds Copper, Gold Deposits in West Nusa Tenggara

JAKARTA (TheInsiderStories) - Local miner, PT Sumbawa Timur Mining (STM) announced the discovery of the onto copper-gold ore deposit. STM is the seventh generation contract of...

Freeport Indonesia Build New Smelter in East Java

JAKARTA (TheInsiderStories) - The second-biggest copper miner in the world, PT Freeport Indonesia (PTFI), expects to start the construction of a new smelter, processing and...

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...

Indonesia’s MIND ID Boost the Production to Curb Import

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminum (MIND ID), a state-owned miner, aimed to boost the production around 500,000 tons of aluminum per annum to...

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...

MIND ID Prepares US$500M to Acquire Vale, Moedak Appoints as CEO

JAKARTA (TheInsiderStories) - Indonesian miner, PT Indonesia Asahan Aluminium (MIND ID) prepared funds US$500 million to acquire 20 percent stake of PT Vale Indonesia...
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