#Nickel
Harita Nickel enhances operational efficiency amid industry challenges
Nickel mining company PT Trimegah Bangun Persada (NCKL), known as Harita Nickel, has completed the construction of its second refinery, PT Obi Nickel Cobalt (ONC), which has been in full commercial operation since August 2024.
Govt finalizes regulation revision, gold and nickel royalty rates up by 3 percent
The government is finalizing the revision of two government regulations (PP) No. 15/2022 and PP No.26/2022 in order to increase Non-Tax State Revenue (PNBP) from the mineral and coal (minerba) sector, with the main change in the revision being the increase in royalty rates for gold and nickel by 3 percent.
54 smelters in operation, 60 in the process of securing permits: BKPM
Deputy Minister of Investment/Deputy Head of Investment Coordinating Board (BKPM), Todotua Pasaribu, says the Indonesian nickel industry continues to show significant growth, with 54 smelters are in operation − either using High Pressure Acid Leach (HPAL) or Rotary Klin Electric Furnace (RKEF) technology − and 60 others are in the process of obtaining permits for construction.
Nickel industry oversupply, demand plummets: Analyst
An analyst says the nickel industry is no longer profitable for many business players as it is now facing major pressure due to overproduction, causing prices to drop drastically, a condition exacerbated by a shortage of nickel ore supply that has forced several smelters in Indonesia to cut production.
Ifishdeco books positive performance in 2024, targets nickel mining expansion
Nickel mining company, PT Ifishdeco, has recorded positive performance throughout 2024, booking net sales of Rp972.71 billion (US$59.45 million) and net profit of Rp143.45 billion (US$8.74 million).
ESDM clarifies speculation of Nickel Royalty hike to 15 percent
The Ministry of Energy and Mineral Resources (ESDM) has calmly responded to widespread speculation of planned increase in nickel royalties from 10 percent to 15 percent.