#Corporate
Two workers injured over hot steam burst incident at Tsingshan Smelter
Two workers of PT Indonesia Tsingshan Stainless Steel, one of the tenants at the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi, were rushed to the Park’s clinic facility after they were exposed to ferronickel hot steam at around 10 pm local time on Thursday, June 13, 2024.
PLN secures global funding forelectrification, renewable energy development
State electricity company PT PLN has secured a lending facility from a consortium of the World Bank, Canada Clean Energy & Forest Climate Facility and Clean Technology Fund amounting to US$581.5 million for increased access to electrification in the country, energy transition programs and the company's digitization.
Founders of Gojek and Tokopedia quit amid structural changes
William Tanuwijaya and Melissa Siska Juminto are the latest names to step down from PT GoTo Gojek Tokopedia (GOTO) following the Annual General Meeting of Shareholders (RUPST) on Tuesday, June 11, 2024, signaling a major shift in the company’s leadership.
Community members protest zinc and lead mine project in Dairi regency
Dozens of community members of Dairi regency in North Sumatra staged a protest in front of the Chinese Embassy and the Supreme Court in Jakarta on Tuesday, June 11, 2024, against the planned development of a zinc and lead mine project by Dairi Prima Mineral (DPM) in the regency despite overwhelming evidence that it poses extreme and deadly risk to surrounding villages.
MIND ID books Rp27.5 trillion profit in 2023
JAKARTA − The Indonesian Mining Industry Holding Company (MIND ID) booked a net profit of Rp27.5 trillion US$1.68 billion) in 2023, an increase by 22.4 percent from 2022 and 36.3 percent higher than the 2023 target stipulated in the company’s Working Plan and Budget (RKAP).
Pertamina Patra Niaga moves to safeguard residents following fuel pipe leak
PT Pertamina Patra Niaga, Pertamina's Commercial & Trading Sub Holding has moved to safeguard residents of Tasikharjo Village, Tuban Regency, East Java, who took refuge at the local disaster mitigation agency (BPBD) post on Monday, June 10, 2024 following gas leak incident at the Tuban Fuel Terminal.
RI ‘does not seek operational control’ in permit extension talks with Freeport
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia has maintained that the Indonesian government does not seek control of PT Freeport Indonesia operation during the negotiation for extension of the company's special mining business permit after 2041.
SKK Migas, contractors increase value-added gas production into LNG and LPG
Jakarta − The Upstream Oil and Gas Regulatory Task Force (SKK Migas) and gas contractors (KKKS) have been actively enggaged in efforts to achieve zero routine flaring target and to increase the added-value of gas production by utilizing gas that has the potential to be used as derivative products into LNG and LPG.
Delta Dunia Group acquires Atlantic Carbon Group
Jakarta − PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a subsidiary of BUMA International, has signed a Stock Purchase Agreement (SPA) for acquisition of Atlantic Carbon Group, Inc (ACG), the second largest Ultra High Grade (UHG) anthracite producer in the United States.
Forty-one companies face potential delisting from Indonesia Stock Exchange
The Indonesia Stock Exchange (BEI) has revealed that 41 companies are at risk of being delisted due to prolonged trading suspensions.
SOE Hospital Holding establishes synergy with IJN Malaysia
Jakarta, June 4, 2024 − PT Pertamina Bina Medika Indonesia Healthcare Corporation (IHC), a state-owned hospital holding, signed a Memorandum of Understanding (MoU) with the National Cardiac Institute (IJN) of Malaysia. The collaboration is conducted to strengthen the field of health training and advance medical science in Indonesia.
Expert criticizes, CERI drafts lawsuit against PP No. 25/2024
JAKARTA − An expert has criticized the issuance of Government Regulation (PP) No. 25/2024, which is considered to be overlapping with the Law No. 3/2020 on Mineral and Coal Mining, while an energy watchdog has planned to challenge the regulation in court for contradicting the law which is higher in hierarchy.