#Corporate
Government plan to grant early extension of Freeport permit will violate mineral and coal law
The Indonesian government is awaiting the submission of PT Freeport Indonesia's request for an early extension of its special mining business permit. The current permit will expire in 2041. "We are currently waiting for Freeport to request an extension," Minister of Energy and Mineral Resources Arifin Tasrif stated on March 17, 2023.
Antam explores cooperation with EV battery global players
State-owned mining company PT Aneka Tambang (Antam) Tbk continues to explore cooperation with global players in the electric vehicles (EV) industry. The company has taken this measure to utilize the huge potential of EV industry's growth in the future.
China asked to improve investment governance in Indonesian smelter industry
Minister of Industry Agus Gumiwang Kartasasmita says he has urged the Chinese government to assess and enhance the governance of Chinese smelter industries in Indonesia. Agus conveyed the issue during a meeting with the Chinese Minister of Industry, who recently visited the Indonesian Ministry of Industry.
Iwan Suwito address housing shortages in Australia as it battles with immigration
Australia is grappling with a housing backlog as a million immigrants arrive. Iwan Sunito, CEO of One Global Capital, shares insights into the situation.
Indonesia-Japan collaborates on Joint Crediting Mechanism (JCM) model project providing solar panels
A collaboration between the Japanese and Indonesian governments, under the Joint Crediting Mechanism (JCM) Model Project scheme, provides green energy ventures giving companies that participate do not need to bear investment cost.
MIND ID demand Vale Canada and Sumitomo to terminate block voting agreement before proceeding with divestment
PT Mineral Industri Indonesia (MIND ID) is urging Vale Canada Limited (VCL) and Sumitomo Metal Mining (SMM) to terminate their block voting agreement before finalizing the continued divestment of PT Vale Indonesia shares.
PepsiCo, FrieslandCampina suspend palm oil sourcing from Astra Agro Lestari
PepsiCo and FrieslandCampina have suspended imports from Astra Agro Lestari (AAL), Indonesia's second-largest palm oil company, following an investigation into environmental and human rights violations committed in Central and West Sulawesi, Indonesia. The US and Dutch multinationals are the latest in a long line of consumer brands to cut ties with the company.
Green groups concern about Hyundai's purchase of dirty aluminum from Adaro
Hyundai Motor Company and PT Adaro Minerals Indonesia Tbk's memorandum of understanding received a backlash from environmental organizations from both countries over the South Korean carmaker's planned annual purchase of 100,000 tons of aluminum from Indonesia's second-biggest coal firm.
Luhut's affiliation with EV company might spur controversy over conflict of interest
The policy to provide government assistance for the purchase of electric vehicles carry out a moral hazard for Coordinating Minister For Maritime Affairs and Investment Luhut Binsar Pandjaitan, according to an expert.
Government to subsidize electric motorcycles to boost conversion of new energy
Starting on March 20, 2023, the government will provide subsidies for battery electric vehicles (BEVs), particularly electric motorcycles, to help spur the new energy automotive industry development. The subsidy is the government's first step to allowing price affordability and people's purchasing power to buy BEVs.
Government should provide favorable climate to attract tin downstream investors
To attract investors in the tin downstream industry, Indonesia must guarantee competitive investment costs, affordable gas prices, low logistic costs and infrastructure availability. President Director of state-owned tin mining company PT Timah Tbk., Achmad Ardianto, said investors in the tin downstream industry would seek a location with reasonable capital or minimal investment costs.
Government's negotiation with Tesla, BYD shows positive development
The government's efforts to attract investors in electric vehicles (EVs) to invest in the country have shown a positive sign so far. Deputy Minister for Investment and Mining Coordinator at the Ministry of Maritime Affairs and Investment Septian Hario Seto said the negotiation between the government and the US company Tesla was still ongoing.