Tag: Primary

Minister of Finance Sri Mulyani Indrawati reveals that the realization of the State Budget (APBN) deficit until November 2024 has reached Rp401.8 trillion (US$25.2 billion), or equivalent to 1.81 percent of Gross Domestic Product (GDP) and is still below the limit set in the law of Rp522.8 trillion (US$32,7 billion). […]

The Ministry of Energy and Mineral Resources (ESDM) has confirmed that the draft National Electricity General Plan (RUKN) for 2024–2060 is aligned with the government’s ambitious economic growth target of 8 percent. […]

The government’s annual three million homes development program has lured the attention of foreign investors that Indonesia needs to soon have comprehensive set of regulations to support and protect their interests. […]

The Purnomo Yusgiantoro Center (PYC), an energy think tank, has emphasized that the development of bioethanol is not only a solution for energy security, but also offers significant opportunities for agricultural innovation. […]

Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has hinted at the possibility of securing a new investor for the Tuban Grass Root Refinery (GRR) project if Russia’s Rosneft Oil Co PJSC fails to provide clarity on its commitment to the venture, as it faced setbacks due to geopolitical issues. […]

The Ministry of Energy and Mineral Resources (ESDM) has managed to auction 14 out of 20 Mining Business License Areas (WIUP) offered in 2023, yet has to deal with low demand for iron ore mining areas despite the fact that Indonesia imports roughly 16 million tons of iron ore annually. […]

The Ministry of ESDM recently revealed a massive oil and gas potential in Warim, a region in Papua. According to the Head of the Geological Agency, Muhammad Wafid, Warim’s resources could produce up to 1 million barrels of oil per day, comparable to nearby reserves in Papua New Guinea. […]

PT Vale Indonesia has signed an agreement with Chinese waste recycling company GEM Co., Ltd to build a nickel processing and refining facility utilizing High-Pressure Acid Leaching (HPAL) technology. The US$1.4 billion (Rp21.93 trillion) project will produce approximately 60,000 tons of Mixed Hydroxide Precipitate (MHP) annually. […]

The Geological Agency of Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has revealed promising lithium prospects at Bledug Kuwu, Grobogan, Central Java, leading  to a partnership with the French company, PT Eramet Indonesia Mining, aimed at exploring and tapping into lithium resources across the nation. […]

The Ministry of Energy and Mineral Resources (ESDM) has reported that investment in mineral downstreaming in North Maluku was recorded at Rp55 trillion (US$3.5 billion) in the period of January to September 2024. […]

Angel Yeast, a global leader in the yeast industry, has announced a strategic partnership with Indonesian plantation company PT Tunas Baru Lampung (TBLA) to establish a subsidiary in Lampung province. This partnership includes acquiring land for plantation projects aimed at optimizing Angel Yeast’s global yeast production and enhancing its competitiveness in the Asia-Pacific market. […]

PT United Tractors (UNTR), a subsidiary of Astra Group, has announced its exploration budget for gold and silver mines in Sibolga, North Sumatra, and nickel mines in Konawe Utara, Southeast Sulawesi, for the period of July to September 2024. […]

PT Pertamina Cepu, a subsidiary of upstream oil and gas company PT Pertamina Hulu Energi (PHE), discovered gas potential in the Tedong (TDG)-001 well located in North Morowali, Central Sulawesi. With a gas content of 15 million cubic feet per day (MMSCFD), and 185 barrels of condensate per day (BCPD). […]

PT Tripatra Engineers and Constructors (Tripatra) has invested in the development of biofuel ecosystem technology and infrastructure, playing an active role in the development of biofuels, including building production and distribution plant facilities. […]

Dr. Tb. Haeru Rahayu, A.Pi., M.Sc. currently serves as the Director General of Aquaculture at the Ministry of Marine Affairs and Fisheries of Indonesia. Rahayu is actively involved in international forums. Rahayu is an alumnus of the Fisheries College (1993), Ghent University, Belgium (2001), and earned his doctorate from Universitas Indonesia (2009). […]

State-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) plans to construct anUS$2 billion (Rp30.37 trillion) aluminum smelter with a capacity of 600,000 tons in Mempawah, West Kalimantan. […]

The Indonesian Palm Oil Association (GAPKI) has deemed the European Union to be no longer a strategic market for Indonesian palm oil products, as exports to Europe have significantly declined, citing the export volume of CPO and its derivatives to Europe now accounts for only 12 percent of the total export volume. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is optimistic that the United Arab Emirates’ Mubadala Energy can expedite the development of gas potential in the South Andaman block, similar to ENI, which has recently secured approval for its Plan of Development (POD). […]

Minister of Agriculture, Andi Amran Sulaiman, on Sunday, August 18, 2024, witnessed a successful trial of B50 biodiesel production at PT. Jhonlin Agro Raya’s biodiesel plant in Batulicin, Tanah Bumbu, South Kalimantan, marking a significant step toward national energy independence and supporting Indonesia’s vision for sustainable future energy. […]

The Smelter Grade Alumina Refinery (SGAR) project in Mempawah, West Kalimantan, is nearing completion and is scheduled to begin commercial operation (COD) by February 2025 […]

Chinese companies have been increasingly investing in oil and gas through working visits to Indonesia by a number of Chinese companies since last May. […]

The Indonesian Nickel Miners Association (APNI) has announced potential investment interest from Australian mining giant BHP in Indonesia’s nickel industry in anticipation of new regulations under the incoming Prabowo Subianto-Gibran Rakabuming Raka administration. […]

PT Kilang Pertamina Internasional (KPI), a subsidiary of State oil and gas company Pertamina, is inviting investors to join the Green Refinery Cilacap project, which has completed its first phase construction and is moving forward with Phase 2. […]

French mining company Eramet SA is in discussions with Zhejiang Huayou Cobalt Co (Huayou) to produce nickel for electric vehicle batteries in Indonesia. […]

PT Kaltim Prima Coal (KPC) is a coal mining company that is based in Sangatta, East Kalimantan, Indonesia. KPC one of the largest operators of open-pit mining in the world with a total coal mining concession mining concessions reaching to 61,543 Ha and supporting areas for mining business activities of 8,371 Ha. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) aims to develop 133 non-National Strategic Projects (PSN) in the upstream oil and gas industry by 2029, with a total investment of Rp58 trillion (US$3.5 billion). […]

Italian energy giant Eni is reportedly preparing to sell its global upstream oil and gas assets valued at over US$4.3 billion (Rp 70.5 trillion) as part of the strategy to fund its energy transition plans. […]

A number of bauxite smelter companies are facing financial problems that cause delay in smelter construction projects. […]

The Ministry of Energy and Mineral Resources (ESDM) says that Indonesia is poised to become the world’s fourth-largest producer of copper cathodes next year, aligning with the nation’s ambition to lead in battery and electric vehicle production. […]

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has signed agreements worth Rp94.4 trillion (US$5.7 billion) with oil and gas contractors to enhance the utilization of natural gas within Indonesia. […]