Tag: Corporate

President Joko “Jokowi” Widodo symbolically planted the first sugarcane to mark the development of downstream sugarcane plantation, sugar factory, and bioethanol project in Sermayam Indah Village, Merauke Regency, South Papua, on Tuesday, July 23, 2024. […]

PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional (AMMAN), has secured the export permit for copper concentrate from the Indonesian Ministry of Trade following a recommendation from the Ministry of Energy and Mineral Resources (ESDM). […]

Indonesia needs to re-evaluate its planning, procurement and investment processes to secure its renewable energy financing needs. […]

Secretary General of the Indonesia Nickel Mining Association (APNI), Meidy Katrin, said her association supports the development of Simbara, the information system of mineral and coal resources. […]

The government launched on Monday, July 22, 2024, the expanded version of the Mineral and Coal Information System (SIMBARA) that initially covered a mere coal commodity into an extended system, including also nickel and tin commodities. […]

PT Bank Mandiri has announced that it will gradually halt funding for companies that lack a roadmap for energy transition and decarbonization, a move associated with Indonesia’s commitment to achieving net zero emissions by 2060. […]

State-owned fertilizer producer PT Pupuk Indonesia has projected that its natural gas demand will reach 1 billion standard cubic feet per day (BSCFD) by 2030, a substantial increase from 820 million standard cubic feet per day (MMSCFD) in 2024. […]

PT Bukit Asam (PTBA) has partnered with the National Research and Innovation Agency (BRIN) to initiate a pilot project converting coal into artificial graphite and anode sheets, which serve as raw materials for Lithium-ion (Li-ion) electric vehicle (EV) batteries. […]

Players praise the government for its support in domestic rooftop solar panel industry through suitable regulation. […]

State electricity company PT PLN energizes the first transmission line connecting its 150 kiloVolt (kV) Kolaka Substation in Kolaka regency, Southeast Sulawesi, with the substation of PT nickel mining company PT Ceria Nugraha Indotama (CNI), part of the Ceria Group. […]

The government will issue permit extension for PT Freeport Indonesia (PTFI) before the end of President Joko “Jokowi” Widodo administration in October 2024, said Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia on Thursday, July 11, 2024. […]

The Indonesia Stock Exchange (BEI) has revealed that a significant number of “light house companies” are set to go public via an initial public offering (IPO) in the second half of this year. This anticipated listing is part of BEI’s IPO pipeline for 2024. […]

State utility company PT PLN has since July 2, 2024, provided 18.58 Megavolt Ampere (MVA) of electricity to agribusiness company PT Sinar Mas Agro Resources And Technology (SMART) in Kotabaru regency, South Kalimantan, through captive power acquisition program. […]

The Association of Indonesian Automotive Industries (Gaikindo) has announced that four Indonesian automotive manufacturers are eyeing the South American market, particularly highlighting their competitive edge over U.S. made vehicles. […]

PT Kalimantan Ferro Industry (KFI) is currently importing nickel from the Philippines to sustain its smelter operations in East Kalimantan a result of disrupted domestic nickel ore supply. […]

State electricity company PT PLN will provide green electricity to fashion company PT Fast Retailing Indonesia (UNIQLO) of 8,978 megawatt hours (MWh) through the Renewable Energy Certificate (REC) service as part of the commitment to support decarbonisation of the industrial sector in the country. […]

Over a hundred of workers of logistic and freight forwarding company PT Global Bintang Timur Ekspress (J&T Ekspress) staged a protest at the company headquarters in Jakarta on Tuesday, July 8, 2024, as a response to a series of violations of labor normative rights allegedly committed by the company. […]

PT Indo American Seafoods (ISEA) launched its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) on Tuesday, with its shares opening 16.80 percent higher at Rp294 per share. […]

Pertamina Hulu Rokan (PHR), a subsidiary of State oil and gas company Pertamina, is ready to increase oil production from Rokan Block through the development of Chemical Enhanced Oil Recovery (CEOR) upon securing approval on the Final Investment Decision (FID) for CEOR Minas by PHR President Director Ruby Mulyawan on June 30, 2024. […]

PT Kaltim Prima Coal (KPC) is a coal mining company that is based in Sangatta, East Kalimantan, Indonesia. KPC one of the largest operators of open-pit mining in the world with a total coal mining concession mining concessions reaching to 61,543 Ha and supporting areas for mining business activities of 8,371 Ha. […]

Vietnam’s electric vehicle (EV) manufacturer, VinFast, which has entered Indonesia earlier this year, is setting up a new dealership in the Jakarta suburb of Depok and will soon invest US$1.2 billion to build a local assembly plant with a capacity of 60,000 cars per year. […]

The government has claimed that Germany ‘s chemical company BASF and French mining and metallurgical company Eramet did not withdraw from Sonic Bay Project, but only postponed their investment while considering the direction of global trade and market, a senior government officials says […]

Indonesia private mining service company PT Petrosea has signed an amendment and restatement of mining services agreement term sheet with PT Global Bara Mandiri, a subsidiary of PT Singaraja Putra, for overburden removal and coal getting at a mine area located in Central Kapuas district, Kapuas regency, Central Kalimantan, on July 3, 2024. […]

PT Shopee International Indonesia (Shopee) and PT Nusantara Ekspres Kilat (Shopee Express) signed an Integrity Pact concerning alleged violation of Article 19 letter d and Article 25 paragraph (1) letter a of Law No. 5/1999 Related to Delivery Services (Courier) on the Shopee Platform in the Assembly Session of the Business Competition Supervisory Commission (KPPU) on Tuesday, July 2, 2024. […]

In an effort to meet global demand for electric vehicles, the Governments of Indonesia and South Korea inaugurated the Battery and Electric Vehicle Ecosystem in Karawang, West Java, on Tuesday, July 2, 2024 […]

JAKARTA − State-owned Mining Industry Holding Company, PT Mineral Industri Indonesia (“MIND ID”), has completed the purchase of approximately 14 percent of the divested shares of PT Vale Indonesia from Vale Canada Limited (“VCL”) and Sumitomo Metal Mining Co., Ltd. (“SMM”). […]

Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the latest copper smelter built by PT Freeport Indonesia (PTFI) will further strengthen the electric battery ecosystem in Indonesia. […]

PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a controlled entity under PT Bukit Makmur Internasional (BUMA International), has completed the acquisition of Atlantic Carbon Group, Inc. (ACG) for US$122.4 million. […]

Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif says the government will seek for new partners and investors after Germany’s BASF and French ‘s Eramet decided to withdraw from the Sonic Bay project in Weda Bay Industrial Estate, North Maluku. […]

Indonesian private integrated mining and metallurgy company PT Trimegah Bangun Persada (NCKL) or Harita Nickel, booked a revenue of Rp 23.86 trillion (US$ 1.45 billion) in 2023, up 149.4 percent from the previous year. In addition, the company also recorded profit of Rp5.62 trillion in 2023, or an increase by 20.4 percent from the previous year. […]