#Corporate
Merdeka Gold Resources shares soar 25% on market debut despite losses
Shares of mining company PT Merdeka Gold Resources (EMAS) surged 25 percent on their trading debut at the Indonesia Stock Exchange (IDX) on Tuesday, September 23, 2025 closing at Rp3,600, although the gold-focused subsidiary of PT Merdeka Copper Gold (MDKA) is still recording losses.
Semen Merah Putih explores use of microalgae to cut carbon footprint
Premium cement brand, Semen Merah Putih, is exploring the use of microalgae to reduce its carbon footprint while creating more efficient and environmentally friendly building materials.
Rescuers recover two bodies after Freeport Indonesia mine collapse in Papua
Rescue teams at PT Freeport Indonesia’s Grasberg Block Cave mine in Mimika, Central Papua, have recovered the bodies of two workers trapped in a wet material slide on Saturday, September 20, 2025 at 08:45 local time.
Adaro Minerals unit targets aluminium smelter start-up by end of 2025
Mining company PT Adaro Minerals Indonesia (ADMR) has projected that its aluminium smelter project, developed through subsidiary PT Kalimantan Aluminium Industry (KAI), will begin phased operations by the end of 2025, signaling the potential for dividend distribution from the 2025 financial year, supported by positive catalysts from the smelter’s operations.
Indonesia eyes bigger stake in Freeport Indonesia as part of mining license extension
The Indonesian government is seeking to acquire more than 10 percent of PT Freeport Indonesia (PTFI) shares from U.S.-based Freeport-McMoRan, surpassing the original target tied to the company’s mining license extension beyond 2041.
Emissions from global fossil fuel firms linked to 213 heatwaves, Indonesia included
Three Indonesian fossil energy companies – PT Alamtri Resources Indonesia (Adaro Energy), PT Bumi Resources, and State energy giant PT Pertamina – are among the 180 global carbon majors or major carbon emitters responsible for causing 213 heatwaves worldwide between 2000 and 2023.
Telkom to divest fiber unit Infranexia amid push for long-term growth
State telecommunications company, PT Telkom Indonesia is preparing to divest one of its key assets, PT Telkom Infrastruktur Indonesia (Infranexia), which specializes in fiber-optic business operations.
MET Group has new CEO, Benjamin Lakatos to continue as Executive Chairman
Swiss-based energy company MET Group has announced the appointment of Huibert Vigeveno as the new Group Chief Executive Officer (GCEO), effective January 1, 2026, while controlling shareholder and current GCEO Benjamin Lakatos will continue to serve as Executive Board Chairman, remaining actively involved in guiding the company’s vision and growth.
Pertamina to build green refinery to boost sustainable aviation fuel production
State-owned energy company PT Pertamina has planed to build a green refinery dedicated to producing bioavtur, also known as sustainable aviation fuel (SAF).
Japex-Energi Mega Persada progress with Gebang gas block development in N. Sumatra
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has reported progress on the development of Gebang Gas Field in Lap Sicanggang, North Sumatra, a joint venture between Japan Petroleum Exploration (Japex) and Energi Mega Persada (EMP) with a 50-50 partnership.
Venteny expects to secure Rp300-400 billion loan from Japanese investors
Technology-based financial services firm PT Venteny Fortuna International (VTNY) is expected to secure additional loans worth Rp300–400 billion (US$24.3 million) from Japanese investors by the end of 2025.
Pertamina NRE seals deal with Dutch HyET group on renewable energy innovation
Renewable energy subholding of State oil and gas company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE), has signed a memorandum of understanding (MoU) with Dutch company HyET Group, for the development of renewable energy (RE) in Indonesia through technological innovation.