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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...