#Corporate
Concerns mounted over CNI’s smelter operation in Southeast Sulawesi
As PT Ceria Nugraha Indotama (CNI) prepares to launch commercial operations of its upgraded nickel smelter this April 20205, environmental activists are raising concerns over the company's past record and the potential ecological impact of its activities in Kolaka, Southeast Sulawesi.
PT Timah books net profit of Rp1.19 Trillion in 2024
State-owned tin miner PT Timah (IDX: TINS) reported a net profit of Rp1.19 trillion (US$74 million) in 2024, an increase of 364 percent from the previous year, when the company recorded a net loss of IDR 449.67 billion (approximately $28 million).
Morowali under environmental threat from nickel industry tailings: Tanah Merdeka
The Indonesia Morowali Industrial Park (IMIP) is facing a growing environmental crisis due to hazardous tailings produced by the nickel industry, says environmental and mining watchdog the Tanah Merdeka Foundation (YTM).
PT. Gabri Indo Italy shuts down factory without notice: Union
PT. Gabri Indo Italy, a garment manufacturer located in Tangerang, Banten, has shut down its factory without prior official notice, violating workers' rights, according to the Nusantara Workers' Union (SBN).
Pani gold project set to become Indonesia's largest primary gold mine by 2026
Gold mining company PT Merdeka Copper Gold (MDKA) has reported significant progress of the Pani gold project located in Gorontalo Province, which is projected to be the largest primary gold mine in Indonesia.
President Prabowo orders leaner, more professional leadership in State banks
President Prabowo Subianto has instructed State banks to streamline their board of commissioners, making them more concise and filled by professionals.
New pump energy optimization solution launched to drive cost, carbon savings
Pump specialist Sulzer has launched the Sulzer Energy Optimization Service, an energy efficiency and carbon reduction service that will provide standard for the operation of centrifugal pumps across their lifecycle for energy intensive industries such as power generation, oil and gas, chemicals and water desalination.
Harita Nickel enhances operational efficiency amid industry challenges
Nickel mining company PT Trimegah Bangun Persada (NCKL), known as Harita Nickel, has completed the construction of its second refinery, PT Obi Nickel Cobalt (ONC), which has been in full commercial operation since August 2024.
Banks asked to halt funding for Harita Group over environmental damages incurred
Environmental and human rights advocacy groups have urged banks to cease financial support for mining Harita Group of companies, citing severe environmental and social damages caused by its extractive businesses.
Energi Mega Persada reports improved financial performance in 2024
PT Energi Mega Persada (EMP) recorded a solid financial performance in 2024, reporting an 11 percent increase in net sales from US$420.8 million in 2024 to US$467.4 million in 2024, a 5 percent rise in EBITDA from US$265.7 million in 2023 to US$278 .9 million in 2024, and a 10 percent growth in net profit from US$68.4 million in 2023 to US$75.4 million in 2024.
Major mining companies book strong performance, growth in the past four years
*This article is the collaboration between Indonesia Business Post and MIND ID
Fore Coffee announces IPO on the Indonesia Stock Exchange
PT Fore Kopi Indonesia (Fore Coffee), a premium Indonesian coffee chain, has announced its plan to conduct an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX), aimed at supporting the company's expansion plans and solidify its position in the premium coffee market.