#Corporate
Energy ministry prepares exploitation of rare earth minerals
The Ministry of Energy and Mineral Resources' Geological Agency is exploring the potential of rare earth minerals in Indonesia. The exploration is carried out to identify rare earth minerals in the laterite potential areas outside the mining sites, so the government can prepare the mining operation permits.
Cigar industry in Indonesia - a potential rival to cigarettes?
The cigar business has the potential to bring great profits as they are seen as a potential replacement for cigarettes. People make cigars from rolled tobacco leaves, instead of chopped tobacco wrapped in papers like cigarettes. However, both cigars and cigarettes have similar health risks. According to online health consultation sehatq.com, smoking cigars can result in various forms of cancer, lung and heart diseases, addiction, dental and oral disorders and fertility problems.
Antam, LG Energy Solution cooperation remains unclear
A planned cooperation in developing electric vehicle battery between Indonesian state-owned mining company PT Aneka Tambang Tbk (Antam) and South Korean battery maker LG Energy Solution (LGES) is still unclear. State mining holding company MIND ID Chief Executive Officer Hendi Prio Santoso said that LG even left the negotiation of the project to a member of its Huayou Cobalt Co.Ltd. of China.
Freeport to complete copper smelter by December 2023
Gold and mining giant PT Freeport Indonesia (PTFI) will be able to complete its Manyar copper smelter construction in Gresik regency, East Java, by December 2023, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. He said the smelter construction progress has reached 51.7%.
Freeport unable to complete smelter construction by December 2023
Gold and copper giant PT Freeport Indonesia cannot complete its smelter construction in Gresik, East Java, by December 2023 even though the government may impose sanction if the company failed to do so.
Government can sanction Freeport, Amman Mineral if they miss smelter construction deadline
Instead of terminating the copper concentrate exports of PT Freeport Indonesia (PTFI) and PT Amman Mineral Nusa Tenggara (AMNT), the government can impose sanction on the two giant gold and copper producers.
Meikarta mega project offers a rosy picture but consumers get a bleak future
Lippo Group mega project Meikarta in Cikarang, Bekasi regency, has been involved in legal battle with consumers due to the company's failure in delivering the property on time and the latter's alleged defamation.
Government's plan to ban copper exports may cause 40,000 jobless
The government's plan to fully ban the exports of copper concentrates has worried the Indonesian Mining Association (IMA) over the fate of around 40,000 workers in the industry. The IMA raised concern over the government's unlikeliness to complete the downstream industry before the planned deadline of June 2023.
DPR eyes liberalization agenda with power wheeling scheme in renewable energy bill
The House of Representatives (DPR) received harsh criticism for its proposal to include power wheeling in the problem inventory list (DIM) during the deliberation of the renewable energy bill. Activists and experts have seen the power wheeling policy as a form of liberalization of Indonesia's power sector that only benefit private sector.
Indonesia, North Korea see declining trade relations
Indonesia and North Korea have seen a continuously declining trend in bilateral trades although both countries had a blossoming diplomatic relations during the Cold War. During Indonesia's First President Sukarno era, trade between the two countries had flourished and has been ongoing even until this day.
Morowali riot sets a time bomb for Indonesia’s nickel industry
The riot in PT Gunbuster Nickel Industri (GNI) on January 14, 2023, between domestic and Chinese workers has signaled an underlying structural problem in the unfair treatment of labors in the industry.
Civil society group accuses Amman Mineral for violating laws on CSR and manpower
A civil society group has accused gold and copper company PT Amman Mineral Nusa Tenggara (AMNT) for violating Law No. 4/2019 on Coal and Mineral and regulations on Corporate Social Responsibility (CSR) and manpower issues.