#Mining
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.
Businesses denied government claim on bauxite smelter construction being neglected
Bauxite producers asserted that smelter construction projects are ongoing and rejected the government's accusation saying that smelter projects have been neglected because of the recent export ban.
Indonesian government set deadline for Vale divestment
The Ministry of Energy and Mineral Resources has set a deadline for PT Vale Indonesia Tbk (INCO) until the end of 2024 to submit a proposal for divestment price.
MIND ID continues acquisition of Vale Indonesia's shares
Indonesian mining industry holding MIND ID is ready to acquire shares in PT Vale Indonesia Tbk (INCO) and tap into the company's enormous potential in nickel reserves.
Three Sulawesi governors request government not to extend Vale Indonesia's contract
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).