#Corporate
MIND ID promotes responsible ocean mining, sustainability at marine affairs event
Indonesia’s state-owned mining holding company, MIND ID, reaffirmed its commitment to sustainable and responsible ocean mining operations during the National Technical Working Meeting (Rakernis) of the Ministry of Marine Affairs and Fisheries' Directorate General for Marine Spatial Management (PRL) held on July 15, 2025.
Antam to begin gold plant commissioning in late 2027, targets 5 million gold coin
State-owned diversified miner PT Aneka Tambang (Antam) has announced that its Avere precious metals manufacturing plant, which is located within the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java, will enter the commissioning phase in Q4 2027, aimed at boosting the company’s gold coin and bullion production.
PT Freeport devises response to government’s planned export duty on gold
PT Freeport Indonesia (PTFI) has responded to the government’s plan to impose export duties on gold commodities, which is expected to take effect next year, suggesting that would be no need for export duties if their gold production is fully absorbed by domestic partners, like State-owned diversified miner PT Antam.
IPO Leak: Another Prajogo Pangestu’s grandchild company to go public
Tycoon Prajogo Pangestu continues to make waves on the Indonesia Stock Exchange (IDX) as he is now reportedly preparing to launch another IPO from his mining and energy business line under PT Petrindo Jaya Kreasi (CUAN) after successfully listing PT Chandra Daya Investasi − an infrastructure investment arm of PT Chandra Asri Pacific (TPIA).
Authorities probe four major rice producers over alleged fraud, quality violations
The National Police's Food Task Force is investigating several rice producers suspected of violating quality standards and measurements.
Pelindo asked to install air quality monitoring systems across port operations
Minister of Environment and Forestry Hanif Faisol Nurofiq has called on all subsidiaries of state-owned port operator Pelabuhan Indonesia (Pelindo) to establish air quality monitoring systems at their operational sites in a bid to curb rising air pollution levels in port areas.
Barito Pacific denies IPO plans for Griya Idola, gold mining arm amid speculation
PT Barito Pacific (BRPT) has dismissed market speculation surrounding the rumored initial public offering (IPO) of two companies linked to Indonesia’s richest man Prajogo Pangestu − its property subsidiary PT Griya Idola and an unnamed gold mining company.
Indonesia launches first eco-friendly solder factory to boost tin downstreaming, exports
Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, inaugurated Indonesia’s first eco-friendly solder factory, PT Solder Tin Andalan Indonesia (Stania), on Thursday, July 10, 2025.
Government clarifies e-commerce platforms not to collect taxes from MSMEs
Minister of Cooperatives and Small and Medium Enterprises (SMEs), Maman Abdurrahman, has emphasized that e-commerce platforms will not be appointed to collect taxes from micro, small, and medium enterprises (MSMEs) operating on their platforms.
Hashim Djojohadikusumo inaugurates two green factories in Sumatra
Business tycoon Hashim Djojohadikusumo recently launched two environmentally friendly factories under Arsari Group, marking a significant step in sustainable industrial development in Sumatra.
Tycoon Hermanto Tanoko plans for chemical sector IPO, eyeing market expansion
Businessman Hermanto Tanoko has revealed plans for a new corporate breakthrough, announcing that one of his companies in the chemical sector is preparing for an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Danantara to consolidate 889 SOEs under one command to accelerate nat’l growth
Chief Investment Officer (CIO) of Indonesia’s sovereign investment agency BPI Danantara, Pandu Sjahrir, has revealed the agency’s plan to consolidate 889 state-owned enterprises (SOEs) into a streamlined structure under a single command aimed at reducing the current number of SOEs to around 200, simultaneously allowing for tighter coordination and stronger national synergy.