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Indonesia: Amman Mineral Targets the Completion of Smelter in 2023

JAKARTA (TheInsiderStories) - President director of PT Amman Mineral Nusa Tenggara (AMNT), Rachmat Makkasau, targeting the construction of its smelter in West Sumbawa, West Nusa...

GlobalData: World Coal Output Will Recover in 2021

JAKARTA (TheInsiderStories) - Global coal output is set to recover by 3.5 percent to 8 billion tones of coal in 2021, according to GlobalData report. Last year,...

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 Indo Tambangraya Shares Dividend US$35.5M

JAKARTA (TheInsiderStories) - Coal miner, PT Indo Tambangraya Megah Tbk (IDX: ITMG) shares final dividend  US$35.5 million, equal to 90 percent of last year' net profit...

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’s Bukit Asam Pays Dividend US$58M, Appoints New CEO

JAKARTA (TheInsiderStories) - Coal miner, PT Bukit Asam Tbk (PTBA) decided to pay a cash dividends Rp835 billion (US$57.59 million), equal to 35 percent of last...

Indonesia Set Export Duties for CPO US$116 a MT in April

JAKARTA (TheInsiderStories) - Indonesian government set the reference price for crude palm oil (CPO) products for export duties US$1,093.83 a metric ton (MT) in April,...

Indonesia’s ABM Investama Releases Global Bond US$400M

JAKARTA (TheInsiderStories) - Publicly listed company, PT ABM Investama Tbk (IDX: ABMM), announced to releases global bond up to US$400 million for debt refinancing and other...

Nickel Mines Secures US$175M to Acquire Indonesian Assets

JAKARTA (TheInsiderStories) - Australian miner, Nickel Mines Ltd., has completed a US$175-million senior unsecured notes offering to help fund the acquisition 50 percent shares of Angel...

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...

Two Indonesian Coal Gasification Projects to Operate in 2024

JAKARTA (TheInsiderStories) - Two Indonesian coal gasification projects is expecting to operate in 2024 as part the government' targets to enter the downstream project and creates...

Hartman, Summer Ace Ventures to Hold Bumi Minerals Shares

JAKARTA (TheInsiderStories) - Two global investors, Hartman International Pte. Ltd., and Summer Ace Ventures become the standby buyer of local miner, PT Bumi Resources Minerals...

The Unit of United Tractors Signs Mining Contract US$1B

JAKARTA (TheInsiderStories) - PT Pamapersada Nusantara, a unit of mining company, PT United Tractors Tbk (IDX: UNTR) has extended its contract with JMB Group with a...

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...

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...

Indonesia’s Merdeka Copper Releases Rupiah Bond US$107M

JAKARTA (TheInsiderStories) - Mining company, PT Merdeka Copper Gold Tbk (IDX: MDKA) plans to released two series of local bond up to Rp1.5 trillion (US$107.14...

Indonesia Eases Royalty Payments for Downstream Coal Producer

JAKARTA (TheInsiderStories) - Indonesian government has issued 49 implementing regulations under Omnibus Law Number 11 of 2020 on Job Creation, one of which is in the...

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...

Indonesia’s Bukit Asam More Aggressives in This Year

JAKARTA (TheInsiderStories) - State miner, PT Bukit Asam Tbk (IDX: PTBA) is planning a number of new developments in 2021 to improve the operational performance and...

Indonesia’s Adaro Targeting to Produces 54MT of Coal

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Adaro Energy Tbk (IDX: ADRO) targeting the sales and coal production around 52 - 54 million tones (MT) of...

Indonesia’s Harum Energy Targets to Produce Coal 3.75MT in 2021

JAKARTA (TheInsiderStories) - Coal miner, PT Harum Energy Tbk (IDX: HRUM) is targeting an increase in coal production of around 25 percent from the realization in...

Indonesia Considers to Give Special Royalty for Low-grade Nickel

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry considered to give special royalties for low-grade nickel to be processed for downstream product including lithium...

Indonesia’s ANTAM to Sell 26,000 Tones of Ferronickel

JAKARTA (TheInsiderStories) - State miner, PT Aneka Tambang Tbk (IDX: ANTM) also called ANTAM, is targeting to sell 26,000 tones of nickel in ferro-nickel (TNi)...

Amman Mineral Nusa Tenggara Seeks Partner to Build Smelter

JAKARTA (TheInsiderStories) - Indonesian miner, PT Amman Mineral Nusa Tenggara open for a strategic partner to build a copper smelter in West Sumbawa, West Nusa Tenggara, said...

Indonesia Set the Coal Price US$87.79 a MT in February

JAKARTA (TheInsiderStories) - Indonesian government set the reference coal prices in February at US$87.79 per metric ton (MT) or up by 15.7 percent from the previous...

Indonesian Coal Exports Fell 32.7% in 2020 due to Low Demands

JAKARTA (TheInsiderStories) - Indonesian coal exports throughout 2020 recorded 305.77 million tones (MT) of coal or only 77.4 percent of the targets at 395 MT of...

Indonesia Set CPO Prices US$1,027 and Some Mining Prices Rise

JAKARTA (TheInsiderStories) - Indonesian government set the benchmark  price for crude palm oil (CPO) products for export duty is US$1,026.78 per metric ton (MT) of...

Indonesia’s ANTAM Get Permits to Export 1.89MT of Bauxite

JAKARTA (TheInsiderStories) - The miner, PT Aneka Tambang Tbk (IDX: ANTM) or ANTAM, get permit to export washed bauxite ore with as much as 1.89...

Moody’s Assigns Ba3 and Fitch BB- to BUMA’s US Dollar Notes

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Ba3 rating to the miner, PT Bukit Makmur Mandiri Utama (BUMA) proposed US Dollar senior secured notes with rating outlook...

Indonesia Waives Sanctions for the Coal Producers Not Comply the DMO...

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry, exempt the obligation for a number of coal producers to pay their compensation after failed...
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