Tag: Mining

The planned import tariff policy by U.S. President-elect Donald Trump and geoploitical instability have the plotential to trigger inflation in the U.S. and impact yje commodity sector and the rupiah exchange rate, but on the other hand provide windfall profits from rising commodity prices, especially for Indonesia’s mining sector, an economist says. […]

President Joko ‘Jokowi’ Widodo officially inaugurated the operational expansion project of the copper smelter owned by PT Smelting in Gresik, East Java.  […]

The growth of the EV market has fallen short of expectations due to high-interest rates and inflation affecting purchasing power in North American and European markets. […]

Harita Nickel (NCKL) is actively securing the long-term nickel supply by exploring untapped mining permits (Izin Usaha Pertambangan or IUP). […]

Based on data from the Central Statistics Agency (BPS), Indonesia imported nickel ore and concentrate with HS Code 26040000 from the Philippines, totaling 38,850,000 kilograms in May 2023. […]

The block voting agreement allows Vale Canada to consolidate its shares with Sumitomo. This arrangement will cause Sumitomo to follow Vale Canada’s decisions in determining Vale’s operational plans. […]

An official of the Ministry of State-Owned Enterprises stated that the complaint presented by Freeport Indonesia was justified, in relation to the company’s operating permit extension. For the extension, the government did provide a nailed-down taxation scheme to Freeport Indonesia. […]

Miners will be forced to sell their mining output to foreign industries operating in Indonesia to process minerals at domestic prices, which are significantly lower than international prices. […]

Representatives from several Japanese energy corporations approached the Directorate General of Mineral and Coal (Minerba) on Monday, July 17, 2023, to discuss the potential investment in the development of nickel and cobalt. […]

The Ministry of Energy an Mineral Resources is yet to issue recommendation letter on export for five mining companies that have obtained export permit extension. […]

Bauxite businesses argued that the construction of smelters were not halted or neglected and that field inspection cannot be used as a reference. […]

The Indonesian government has given Vale time until December 2024 to offer its divestment price. Failure to do so, will result in suspension of the company’s license. […]

Indonesian mining industry holding, MIND ID is ready to acquire more shares of PT Vale Indonesia Tbk (INCO). Doing so will allow the holding company to access Vale’s potential nickel reserve. […]

Illegal mines are said to flourish in Vale Indonesia’s concession area. The main cause is the inability of the company to supervise its extremely wide mining concession area. In addition, the company’s divestment plan is still filled with disagreement as it will not give control to the government. […]

Despite the fact that Indonesia have managed to secure 51 percent of Freeport Indonesia shares, the local government in Mimika is yet to receive the promised portion of the mining giant shares divestment. […]

Governors of South Sulawesi, Southeast Sulawesi and Central Sulawesi have rejected the extension of the contract of work of nickel mining company PT Vale Indonesia Tbk. They also requested the government to hand over the concession to the provincial administration owned enterprises (BUMD). “We considered that there should not be an option for the extension for them [Vale],” South Sulawesi Governor […]

The establishment of three new provinces in Indonesia’s easternmost province, Papua, is the result of the investment interests of the military and political elites and foreign and local investors, particularly in the mining and plantation sectors. In addition to providing security and stability to the concession area, the creation of the new region will facilitate the administration of investors’ licenses. On […]