#Corporate
Bauxite export ban to enter into effect after June 10, 2023
The Ministry of Energy and Mineral Resources will proceed with firmly banning export of bauxite ore after June 10, 2023. The ban is in accordance with provisions regulated in law No. 3 of 2020 concerning Mineral and Coal Mining.
East Luwu government to joins Vale Indonesia’s divestment plan
East Luwu Regent Budiman led a preparatory meeting for the upcoming divestment of PT Vale Indonesia Tbk (INCO) shares valued at IDR 5 trillion to the East Luwu regency administration.
DPR reveals alleged misallocation of 20 percent Vale shares to ‘fake’ company
Member of the Gerindra Faction in Commission VII of the Indonesian House of Representatives Bambang Haryadi, revealed that there is information indicating that 20 percent of PT Vale Indonesia’s shares, which should have been divested or transferred to domestic companies, were instead transferred to a ‘fake’ company.
Suspicion surrounding RGE's involvement in deforestation, say environmentalist report
Several non-profit organizations suspected that Sukanto Tanoto's Royal Golden Eagle (RGE) Group is associated with deforestation in North Kalimantan.
Banks take measures to improve cyber security following recent attack and data breach
Following the recent cyber attack launched against Bank Syariah Indonesia (BSI), safety of information technology has become one of the main concerns in the banking sector.
Exxonmobil settles a landmark case lawsuit by Aceh villagers
Villagers in Aceh sued ExxonMobil for gross human rights violations committed by the Indonesian military 22 years ago.
Report reveals human rights violations and environmental abuses in nickel supply chains in the Philippines and Indonesia
The London-based Business & Human Rights Resource Centre (BHRRC) released a report revealing human rights violations and environmental abuses in two nickel supply chains operating in the Philippines and Indonesia.
Unveiling Salim Group’s strategic vision for Amman Minerals’ IPO
PT Amman Mineral Internasional, the parent company of PT Amman Mineral Nusa Tenggara (formerly Newmont Nusa Tenggara), is now under the control of Salim Group, as evidenced by the company’s increased stake in PT Amman Mineral Internasional and the appointment of several of its board members.
Susi Pudjiastuti owner of Susi Air, expresses anger over the shooting of Phil Mehrtens' evacuation force
Susi Pudjiastuti, ex-minister of Maritime Affairs and owner of Susi Air, was furious during a conversation with Pastor Karel Phil Erari and a man known as Bishop, discussing the kidnapping of Philip Mehrtens by Papua's KKB.
Indonesian government program pave way to legalize illicit oil palm farms and plantations
The Indonesian government has legalized 237,511 hectares (586,902 acres) of illegal plantation areas through an 'amnesty' program stipulated under Law No. 11 of 2020 concerning Job Creation, or more famously known as the Omnibus Law.
Chevron out, Italian ENI set to take over Indonesia Deepwater Development project
Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, announced that the Italian oil company ENI, will become the new operator of the Indonesia Deepwater Development (IDD) project starting from the end of May 2023. ENI would replace the position previously held by Chevron.
Indonesia cuts tax incentives to limit investment in lower quality nickel products
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream.