#Mining
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.
MIND ID demand Vale Canada and Sumitomo to terminate block voting agreement before proceeding with divestment
PT Mineral Industri Indonesia (MIND ID) is urging Vale Canada Limited (VCL) and Sumitomo Metal Mining (SMM) to terminate their block voting agreement before finalizing the continued divestment of PT Vale Indonesia shares.
Ministry welcomes Freeport to discuss about export duty in relation to the company's export permit extension
Kartika Wirjoatmodjo, the Deputy Minister of BUMN, stated that the concerns expressed by Freeport Indonesia about the latest export duty policy will be discussed directly with the Ministry of Finance (Kemenkeu).
Plans to ban silica sands export do more harm to domestic mining operations
President Joko "Jokowi" Widodo had plans to prohibit the export of silica sand or quartz sand. According Jokowi him, similar to other mineral commodities, quartz sand will be utilized in the development of the electric vehicle (EV) ecosystem.
Japanese companies discuss with Directorate General of Mineral and Coal concerning potential investment in nickel and cobalt
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.
Ministry yet to issue export recommendation letter for mining companies
The Ministry of Energy and Mineral Resources is yet to issue the recommendation letter allowing mineral export for five companies that have obtained mineral export license.