Business and Investment
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Pertamina Hulu Mahakam prepares 3 onstream projects in March and April 2024
Pertamina Hulu Mahakam (PHM), a subholding company of State energy company Pertamina, gears up to start operation of its three sustainable oil and gas onstream projects in March and April this year.
IDX issues unusual market activity for PT Adhi Kartiko Pratama shares
The Indonesia Stock Exchange (IDX) has issued an unusual market activity (UMA) announcement regarding PT Adhi Kartiko Pratama (NICE) shares due to an unusual increase in prices.
PLN EPI to strengthen LNG infrastructure, facilitate energy transition
PLN Energi Primer Indonesia (PLN EPI) is embarking on collaborative ventures to enhance Indonesia's LNG infrastructure and facilitate the transition to cleaner energy sources.
Govt to enhance mining sector oversight, revoke inactive permits
In a move to strengthen regulatory oversight in the mining sector, the Indonesian Ministry of Energy and Mineral Resources (ESDM) has revoked thousands of inactive mining permits (IUPs).
Indonesia to construct 16 integrated mineral refining facilities nationwide
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has unveiled an ambitious plan to construct 16 integrated mineral refining facilities across the archipelago by 2024, representing a transformative investment of US$11.6 billion (IDR 165.2 trillion).
Adaro Minerals announces progress in MetCoal operations, aluminum smelter project
PT Adaro Minerals Indonesia (ADMR), a subsidiary of PT Adaro Energy Indonesia (ADRO), has unveiled the latest developments regarding Adaro MetCoal Companies (AMC) operating in Central Kalimantan and the aluminum smelter project in North Kalimantan.
PetroChina commences exploration for new well in Jabung block
The endeavor for energy exploration in Indonesia takes another leap forward as PetroChina International Jabung Ltd., under its Contractor Cooperation Contract with the Upstream Oil and Gas Regulatory Task Force (SKK Migas), initiates drilling operations for the NEB BASEMENT-3 exploration well on March 16, 2024.
ESDM ministry addresses nickel reserve depletion concerns
The Ministry of Energy and Mineral Resources (ESDM) has reported a diminishing nickel reserve in Indonesia, particularly for high-grade saprolite nickel. Nickel is among the 47 critical mineral mining commodities identified by the ministry.
Record coal production targeted at nearly 1 billion tons in 2024
The Ministry of Energy and Mineral Resources (ESDM) has approved 587 work plan and budget proposals (RKAB) in the coal sector, out of 883 applications submitted to the ministry.
Ministry targets US$ 340.6 billion investment in base metal industry by 2029
The Ministry of Industry has targeted a total investment in the base metal industry of US$ 340.6 billion (IDR 5,353 trillion) by 2029.
Chinese investment giant CICC targets Southeast Asian countries
The China International Capital Corporation (CICC), a massive investment bank, has announced plans to expand its presence in Southeast Asia, targeting Indonesia, Vietnam, Malaysia, and Thailand in its third phase of international expansion.
Entrepreneurs reveal challenges in exporting machinery and metals in 2024
The Association of Metalworking and Machinery Industries of Indonesia (Gamma) has revealed significant challenges faced by the basic metal industry in supporting the growth of manufacturing export performance this year.