#Mining
SGAR project boosts growth, creates jobs, expands alumina production
The Smelter Grade Alumina Refinery (SGAR) project, operated by PT Borneo Alumina Indonesia (BAI) as a joint venture between PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), is projected to give economic benefits for Mempawah region, West Kalimantan.
PT Inalum prepares for first IPO to boost market capitalization, liquidity on IDX
PT Indonesia Asahan Aluminium (Inalum), a mining company under the Mining Industry Indonesia (MIND ID) holding company, is preparing to conduct its first initial public offering (IPO) on the stock exchange.
Antam allocates US$723 million for mining exploration, targets growth
State-ownwed diversified miner PT Aneka Tambang (Antam) has allocated US$723 million (Rp11.46 trillion) in Capital Expenditure (Capex) that will be used for gold, bauxite, and nickel exploration over the next five years.
President’s brother to acquire gold mining project in Sangihe, North Sulawesi
A company owned by the younger brother of Indonesian President Prabowo Subianto, Hashim Djojohadikusumo, is reported to acquire a 10-percent share or equity stake in PT Tambang Mas Sangihe (TMS), a gold mining company operating in Sangihe Island, North Sulawesi.
Banking credit risk in the mining sector remains under control: Analyst
Banking financing for the mining sector in Indonesia has continued to show good performance, particularly in regards with the relatively low non-performing loans (NPL), significantly making the sector still attractive to banks, despite global challenges that affect economic performance.
Bank Mandiri plans to increase financing in the mining sector
PT Bank Mandiri (BMRI) has planned to increase financing in the mining sector, taking advantage of available opportunities as many other banks avoid jumping into this sector financing.
Tariff hike, geopolitical instability to benefit mining sector: BCA chief economist
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 the 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.
Prabowo's cabinet members have close link to extractive oligarchy: Jatam
The Mining advocacy network (Jatam) has alleged that a larger part of the President Prabowo Subianto Cabinet has direct and/or indirect link to extractive oligarchy.
Freeport Indonesia plans to increase shares in PT Smelting as part of its long term commitment
President Joko 'Jokowi' Widodo officially inaugurated the operational expansion project of the copper smelter owned by PT Smelting in Gresik, East Java.
Excess nickel supply and reduced demand for electric vehicles (EVs) pose threats to Chinese nickel miners in Indonesia
Over the past decade, China has played a significant role in Indonesia's expanding nickel industry. However, with a substantial drop in nickel prices, certain Chinese miners are feeling the impact.
Harita Nickel (NCKL) ensures long-term nickel supply
Harita Nickel (NCKL) is actively securing the long-term nickel supply by exploring untapped mining permits (Izin Usaha Pertambangan or IUP).
Indonesia imports nickel from foreign countries despite status as world largest nickel producer
The Ministry of Energy and Mineral Resources (ESDM) recently revealed that there are smelting facilities in Indonesia that are importing nickel ore from foreign countries. This seems unusual considering that Indonesia is the world's largest nickel producer.