Business and Investment
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Vale to soon obtain 20-year contract extension
The process of issuing a special mining business license (IUPK) for PT Vale Indonesia (INCO) is nearing completion. The document for the 20-year contract extension will be processed by the Ministry of Investment.
ASEAN's largest gas steam power plant to commence operations
The Jawa-1 Gas Steam Power Plant (PLTGU) with a capacity of 1760 MW is ready to operate in full swing after undergoing a series of tests such as plant reliability run & net dependable capacity test.
Budget allocation for 2024 IKN project reaches Rp35.45 trillion
Minister of Public Works and Housing (PUPR) Basuki Hadimuljono has disclosed the planned support allocation for the Nusantara Capital City (IKN) project in 2024, which amounts to Rp35.45 trillion (approximately $2.5 billion USD).
Indonesia embraces green hydrogen for sustainable transportation future
Indonesia is on the cusp of a groundbreaking shift towards embracing green hydrogen as a pivotal component of its transportation sector, with forecasts pointing to significant adoption commencing in 2030.
SKK Migas signals positive outlook for ONWJ cost recovery migration
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has signaled a positive outlook regarding the planned transition of the Offshore North West Java (ONWJ) Block contract scheme. This transition, from a gross split to cost recovery model, is poised to unlock new opportunities for investment, development, and growth in Indonesia's oil and gas sector.
Pertamina Patra Niaga ventures into methanol products for Dumai Industrial Zone
PT Pertamina Patra Niaga, a subsidiary of state-owned energy giant Pertamina, is expanding its horizons by diversifying its portfolio to include methanol products.
Merdeka Copper Gold reports increase in indicated resources at Tembaga Tujuh Bukit
PT Merdeka Copper Gold (MDKA) has recorded a significant increase in indicated resources of 755 million tons at the Tembaga Tujuh Bukit Project located in Banyuwangi, East Java. This figure marks an increase of over 300 million tons or 71 percent from the previously recorded indicated resources of 442 million tons.
Amman to accelerate infrastructure development for Indonesia's mining sector
PT Amman Mineral Internasional (AMMN) is poised to revolutionize Indonesia's mining landscape with its ambitious infrastructure development initiatives. The company's relentless pursuit of excellence is exemplified by its expedited construction of a gas-fired power plant (PLTG) to support the commissioning of a copper smelter project and precious metal refining (PMR).
PLN pioneers LNG infrastructure development in Nusa Tenggara
PT PLN Energi Primer Indonesia (PLN EPI) has embarked on a transformative journey aimed at revolutionizing Indonesia's energy landscape through the development of midstream liquefied natural gas (LNG) infrastructure in the Nusa Tenggara region.
Amman unveils vast mineral reserves in Elang Deposit
PT Amman Mineral Internasional Tbk. (AMMN) has set the Indonesian mining industry abuzz with its recent revelation regarding the Elang Deposit, which boasts an astounding 1.4 billion tons of mineral reserves.
PLN Energi Primer Indonesia prepares gasification of Sulawesi-Maluku cluster plants
State electricity company PT PLN, through its subholding PLN Energi Primer Indonesia (EPI), prepares power plant gasification program in support of the government’s Net Zero Emissions (NZE) target, through the development of Liquefied Natural Gas (LNG) midstream infrastructure in the Sulawesi-Maluku region.
Jokowi meets Freeport CEO, discusses extension of mining license
President Joko “Jokowi” Widodo met with officials of gold and copper mining company PT Freeport at the Presidential Palace in Jakarta on Thursday, March 28, 2024. Those present were CEO of Freeport Mc Moran Inc Richard Adkerson, President Director of PT Freeport Indonesia Tony Wenas, and Board of Commissioners of PT Freeport Indonesia Kathleen Quirk.