#Mining
Antam to begin gold plant commissioning in late 2027, targets 5 million gold coin
State-owned diversified miner PT Aneka Tambang (Antam) has announced that its Avere precious metals manufacturing plant, which is located within the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java, will enter the commissioning phase in Q4 2027, aimed at boosting the company’s gold coin and bullion production.
PT Freeport devises response to government’s planned export duty on gold
PT Freeport Indonesia (PTFI) has responded to the government’s plan to impose export duties on gold commodities, which is expected to take effect next year, suggesting that would be no need for export duties if their gold production is fully absorbed by domestic partners, like State-owned diversified miner PT Antam.
IPO Leak: Another Prajogo Pangestu’s grandchild company to go public
Tycoon Prajogo Pangestu continues to make waves on the Indonesia Stock Exchange (IDX) as he is now reportedly preparing to launch another IPO from his mining and energy business line under PT Petrindo Jaya Kreasi (CUAN) after successfully listing PT Chandra Daya Investasi − an infrastructure investment arm of PT Chandra Asri Pacific (TPIA).
Barito Pacific denies IPO plans for Griya Idola, gold mining arm amid speculation
PT Barito Pacific (BRPT) has dismissed market speculation surrounding the rumored initial public offering (IPO) of two companies linked to Indonesia’s richest man Prajogo Pangestu − its property subsidiary PT Griya Idola and an unnamed gold mining company.
Government still reviews controversial mining activities on small islands
The government has yet to reach a final decision regarding the polemic over mining activities on small islands, particularly in Raja Ampat, Southwest Papua, where public concern over environmental degradation continues to grow.
Merdeka Copper narrows losses in Q1 2025, Pani Gold project on track for 2026 launch
Indonesian mining firm PT Merdeka Copper Gold (MDKA), affiliated with prominent businessman Garibaldi “Boy” Thohir, reported a net loss of US$3.73 million (Rp60.52 billion) in the first quarter of 2025, a 75.5 percent improvement compared to the same period last year when losses reached US$15.22 million.
Indika Energy secures Rp6.1 T loan to repay debt, fund Awak Mas gold project
PT Indika Energy (INDY) has secured a multicurrency loan of Rp6.1 trillion (US$376 million) from four major domestic banks, aimed at both refinancing existing debt and developing the Awak Mas gold mining project in South Sulawesi.
BUMI acquires Australian gold and copper miner Wolfram, issues bonds to fund deal
PT Bumi Resources (BUMI), a subsidiary of Bakrie Group, and one of Indonesia’s largest mining companies, is set to acquire Australian gold and copper mining firm Wolfram Limited in a diversification move worth Rp350 billion (US$21 million).
Government shuts down illegal nickel mining activities in Raja Ampat
The Ministry of Environment has found that four nickel mining companies operating in Raja Ampat, Southwest Papua Province, have violated environmental regulations, with three of them having had their mining activities halted by the government.
Forestry ministry probes mining activities in Raja Ampat, legal action on the table
The Ministry of Forestry is intensifying oversight of mining operations in forest areas of Raja Ampat, Southwest Papua Province and preparing legal measures against any violations found in their operations amid rising environmental concerns raised by the public and activists.
W. Java Governor shuts down mining site in Cirebon after deadly landslide
Governor of West Java, Dedi Mulyadi, has revoked the operational license of the affected natural stone mine operated by the Al-Azhariyah Islamic Boarding School Cooperative in the wake of a deadly landslide at the mining site in Gunung Kuda, Cirebon that has claimed 19 lives.
Indonesia’s mining royalty hike seen as opportunity to accelerate energy transition
Experts urge the government to channel the increased state revenues, which are expected following the enactment of Government Regulations No. 18/2025 and No. 19/2025 on increasing mineral and coal royalties, towards a just and sustainable energy transition.