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The Realization Investment in Mining Sector Lower than Target

JAKARTA (TheInsiderStories) - Indonesian government noted the realization of investment in mining sector was only US$2.88 billion until October, amid the impact of the COVID-19 pandemic,...

Indonesia’s Mining Prices Fluctuates in October

JAKARTA (TheInsiderStories) - International price fluctuations has affected the benchmark price of mining products for the November 2020 period, said trade ministry on Thursday (10/30). Compared...

Australia’s Asiamet Sell Indokal Shares to Wasesa Indo Nusa

JAKARTA (TheInsiderStories) - An Australian miner, Asiamet Resources Ltd., announced has entered into a non-binding heads of agreement with Indonesia' PT Wasesa Indo Nusa, to acquire...

Indonesian Miner Must Creates Reserve Fund and Exploration Plans

JAKARTA (TheInsiderStories) - Indonesian miner are obliged to carry out further exploration accompanied by the preparation of mineral and coal reserve fund, said the official...

Singapore’s Wexler Holds 20.82% Bumi Resources Minerals Shares

JAKARTA (TheInsiderStories) - Singapore' investment firm, Wexler Capital Pte. Ltd., officially hold 20.82 percent of PT Bumi Resources Mineral Tbk (IDX: BRMS) shares after...

Indonesia Tycoon, Harum Energy Buys Nickel Mines Shares

JAKARTA (TheInsiderStories) - Indonesian tycoon, Kiki Barki and his coal mining company, PT Harum Energy Tbk (IDX: HRUM) acquired 3.22 percent Australian miner, Nickel Mines Ltd., to diversified...

Indonesia’ Bumi Resources Minerals Pay Debt through Private Placement

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) plans to run a debt to stock conversion to its creditor, said the company...

The “Controversial” Mining Law Passes by Indonesia’s Parliament

JAKARTA (TheInsiderStories) - Amid rejection from various organizations and parties, Indonesia' parliament passes the revision of mining law at the plenary meeting today (05/12). The revision...

Asiamet Resources Moves Ahead on the Copper Projects in Indonesia

JAKARTA (TheInsiderStories) - Asiamet Resources Ltd., (LSE: ARS), a miner based in Bermuda Island, ready to build copper project in Central Kalimantan after get approval from...

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...

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'...

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...

Morning Briefing: Widodo Wants B30 Use Starting January 2020

JAKARTA (TheInsiderStories) - Good Morning! Indonesian president Joko Widodo wants diesel with 30 percent bio-content (B30), to be in use by January 2020 to rise...

Indonesia Targeting Amman Mineral’s Smelter Completed in 2022

JAKARTA (TheInsiderStories) - Indonesian government hope the smelter owned by PT Amman Mineral Nusa Tenggara (AMNT) in Sumbawa, West Nusa Tenggara, to be be...

Morning Briefing: Forex Reserves Data Out Today, Johnson Calls Widodo

JAKARTA (TheInsiderStories) - Indonesian central bank will announce the foreign exchange (forex) reserves data today. Last month, the forex reserves recorded worth of US$123.8 billion,...

Indonesia to Stops Raw Mineral Exports in 2022

Jakarta (TheInsiderStories) - Indonesian government ensured that after 41 smelters operating, the country will stop raw mineral exports in 2022. So far, most of...

Indonesia’s Bumi Resources Minerals Claims Better Financial

JAKARTA (TheInsiderStories) - The long-troubled PT Bumi Resources Minerals Tbk (IDX: BRMS) reported an improvement on its financial position. In the 2018' financial report,...

Indonesia Hopes Investment in Energy, Minerals Sectors Rise in 2019

JAKARTA (TheInsiderStories) – Indonesian government hopes the realization of investment in the energy and minerals sector will rise in 2019, said one senior official...

Indonesia’s Coal Industry Hard to Grow in 2019, says Association

JAKARTA (TheInsiderStories) – Over the past 20 years, the growth of the coal industry has been rapid and it has become one of the...

Indonesia’s Bumi Resources Minerals Completes the Dairi Prima Divestment

JAKARTA (TheInsiderStories) - Indonesian publicly listed miner PT Bumi Resources Minerals Tbk (IDX: BRMS) through its Singapore's unit Gain and Win Pte. Ltd., completed the 51...