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Indonesias’ Dharma Henwa Seeks Funding to Pay Debts

JAKARTA (TheInsiderStories) - The Bakrie Group' unit, PT Darma Henwa Tbk (IDX: DEWA) seeks fresh funding by offered 5.87 billion of Series B shares through...

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...

Indonesia’s ABM Investama Eyes 13 MT Coal Production in 2021

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT ABM Investama Tbk (IDX: ABMM) targeting an increase in production volume to around 13 million tons (MT) of coal for...

Indonesia Gives More Incentives for Mining, Energy Producers

JAKARTA (TheInsiderStories) - Indonesian government prepared various incentives for mining, oil and gas players to support the downstream projects and to boost the national productions....

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,...

Indonesian Demand for DMO to Reaches 187MT in 2024

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry sees, the demand for Domestic Market Obligation (DMO) is estimated to increase by 21 percent to 187...

Indonesia’s Bumi Minerals Prepares US$546M for Mining Expansion

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) aims to expand its gold, zinc and lead plant with a total values investment...

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...

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...

Australia’s Nickel Mines Finalizes the Acquisition Angel Nickel Project

JAKARTA (TheInsiderStories) - Australian miner, Nickel Mines, has signed a sales and purchase agreement with its partner, Shanghai Decent Investment (Group) Co., Ltd., to acquire a...

Moody’s: Prospects Dim for Asia’s Coal Power Companies on Slowing Power...

JAKARTA (TheInsiderStories) - Coal power generation in Asia will decline if annual growth in power demand slows to below 2 - 3 percent on average in the...

Indonesia’s Nickel Ore Production Could Grow Triple by 2023

JAKARTA (TheInsiderStories) - Indonesian government estimates that nickel ore production will nearly triple to 71.40 wet million tones (WMT) in 2023 along with the construction of...

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 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...

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...

Indonesia’s Coal Consumption for DMO Only 141MT in 2020

JAKARTA (TheInsiderStories) - Senior economic minister, Airlangga Hartarto, sees the absorption of coal for domestic market obligation (DMO) only reach 141 million tons (MT) of...

Indonesia’s ANTAM Reportedly to Increases Weda Bay Nickel’ Shares

JAKARTA (TheInsiderStories) - The state-owned miner, PT Aneka Tambang Tbk (IDX: ANTM) is reportedly planning to increase its ownership in a nickel producer, PT Weda Bay...

ANTAM, Vale Indonesia Declares the Potential Sumbawa

JAKARTA (TheInsiderStories) - A joint venture company (JVC) between PT Aneka Tambang Tbk. (IDX: ANTM) and Eastern Star Resources Pty. Ltd., PT Sumbawa Timur Mining found...

Vale Indonesia’s Production Rises 10% on the High Demand

JAKARTA (TheInsiderStories) - The miner, PT Vale Indonesia Tbk (IDX: INCO) reported a 10 percent increase in production to 55,792 metric tones (MT) of nickel 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...

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...

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....

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...

Indonesia’s Trinitan to Build Nickel Smelter in Central Sulawesi

JAKARTA (TheInsiderStories) - The issuer owned by the Tandiono family, PT Trinitan Metals and Minerals Tbk (IDX: PURE), has plans to build a nickel smelter...

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 Merdeka Copper Ready to Spends US$50M for Expansion

JAKARTA (TheInsiderStories) - Indonesian miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) targeting to spends US$50 million in the second half of this year. In the...

Indonesia’s Saratoga Sells Merdeka Copper Shares for US$14M

JAKARTA (TheInsiderStories) - Private equity firm, PT Saratoga Investama Sedaya Tbk (IDX: SRTG), reported has sold 131.90 million shares of PT Merdeka Copper Gold Tbk (IDX:...

Indonesia’s CPO, Mining Prices Mounts in August

JAKARTA (TheInsiderStories) - Indonesia set the reference prices for crude palm oil (CPO) products for the period September 2020 at US$738.07 a metric ton (MT) of...

Vale Indonesia Revises Up Nickel Productions to 73,700 MT in 2020

JAKARTA (TheInsiderStories) - Nickel producer, PT Vale Indonesia Tbk (IDX: INCO), has revised its production targets to 73,700 metric tones (MT) nickel in matte from...

Indonesia’s Merdeka Copper Eyes US$20M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian gold miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) has plans to release local bonds Rp300 billion (US$20.54 million) for working capital...