Tag: Primary

Indonesia is grappling with a critical environmental crisis as anthropogenic pressures and diminishing environmental capacity give rise to ecological disasters, triggering social and economic upheavals. […]

State-owned mining holding company PT Timah has announced that it is currently conducting a study on the mining of rare earth metal monazite. […]

Arifin Tasrif, the Minister of Energy and Mineral Resources, has revealed that PT Vale Indonesia has signed a Head of Agreement (HOA) concerning the divestment of its 14% stake to the Indonesian state-owned mining holding company, MIND ID. […]

President Joko ‘Jokowi’ Widodo met with Freeport McMoRan Chairman Ricard Adkerson at the Waldorf Astoria Hotel in Washington DC, USA, on November 14, 2023. During the meeting, Jokowi welcomed discussions on the increase of Indonesia’s stake in PT Freeport Indonesia (PTFI) from the current 51% to 61%, along with the extension of the mining permit that has reached the final stage. […]

Meidy Katrin Lengkey, Secretary General of APNI said that it is easy to negotiate with Chinese business because they have no political interest. […]

Ministry of Energy and Mineral Resources (ESDM) has refuted claims that the country’s nickel reserves are dwindling. According to Ing Tri Winarno, the Director of Mineral and Coal Program Development at the Ministry of Energy and Mineral Resources, Indonesia still has around 5 billion tons of nickel reserves. […]

President Joko Widodo of Indonesia has announced that the Indonesian government will push for the development of the domestic seaweed processing industry, including for fuel production. […]

MIND ID, or Mining Industry Indonesia, a state owned company holding continues to make significant progress on the Smelter Grade Alumina Refinery (SGAR) project in Mempawah, West Kalimantan, to support the downstream processing of bauxite to aluminum. […]

PT Kalimantan Jawa Gas (KJG), a joint venture between PGN and Bakrie and Brothers, has signed a cooperation agreement with AWE (Satria) NZ Ltd, a New Zealand-based oil and exploration company, for the development of the Lengo gas field located in the waters around Bulu, East Java. […]

POSCO International, a South Korean trading company, is collaborating with the oil company GS Caltex to invest US$ 210 million, approximately IDR 3.29 trillion, in the AGPA Refinery Complex (ARC) palm oil processing plant in Balikpapan, East Kalimantan, Indonesia.  […]

The Indonesian Commodity and Derivatives Exchange (ICDX) has been granted official approval to operate the Crude Palm Oil (CPO) Exchange, marking a significant development in the country’s commodity trading landscape. The launch of the Palm Oil Exchange was officially announced by the Commodity Futures Trading Supervisory Agency (BAPPEBTI). […]

Agro Bahari Nusantara, a company specializing in shrimp farming and aquaculture, gears up for its debut on Indonesia Stock Exchange (BEI). The company plans to offer 500 million new shares, equivalent to 28.57% of its issued and fully paid-up capital, in an initial public offering (IPO). […]

PT Pulau Subur Tbk (PTPS), a palm oil company, achieved its stock market debut on the Indonesia Stock Exchange (BEI) on October 9, 2023. The company’s shares, with the stock code PTPS, were officially listed on the BEI’s development board. […]

The Ministry of Energy and Mineral Resources (ESDM), through the Committee for the Auction of Mineral and Coal Mining Business Permits (WIUP), is set to conduct an auction for WIUP permits related to metal minerals and coal, with a combined compensation value exceeding IDR 200 billion. […]

The Indonesian Association of Quartz Miners (HIPKI) has welcomed the government’s plan to draft a roadmap for the downstream development of silica into silicon wafers from 2025 to 2035 to support the semiconductor industry. […]

PT Petrindo Jaya Kreasi (CUAN), a company under the conglomerate Prajogo Pangestu, has successfully acquired all the shares of PT Multi Tambangjaya Utama a subsidiary of PT Indika Energy Tbk (INDY), equivalent to 2.26 billion shares.  […]

The Ministry of Industry (Kemenperin) appreciates PT South Pacific Viscose (SPV) for its investment of US$100 million (IDR 1.5 trillion). PT SPV is the largest producer of rayon fibers in Indonesia and is a subsidiary of the Austrian company Lenzing Group. […]

Indonesia is said to have a potential treasure trove of rare earth metals with estimated reserves of around 300,000 tons. This was revealed by Yoseph C.A Swamidharma, Deputy Chairman of the Indonesian Association of Geologists (IAGI), in a presentation of research results in the form of a graph. […]

PT Vale Indonesia Tbk (INCO) has earmarked US$ 9 billion (IDR 138.3 trillion) for the development of three smelter projects.  […]

In an attempt enhancing industrial capabilities and bolstering the local economy, two state-of-the-art nickel processing and refining facilities, known as smelters, are poised to be constructed in the province of East Kalimantan, Indonesia. These transformative projects represent a combined investment of IDR 36.5 trillion. […]

PT Petrindo Jaya Kreasi Tbk (CUAN), a mining company under the conglomerate of Prajogo Pangestu, is diversifying its business by entering the metallurgical coal and gold mineral mining sectors. The company is targeting the promising prospects of metallurgical coal, widely used in the steel industry. […]

The Ministry of Energy and Mineral Resources (ESDM) stated that estimates of Indonesia’s nickel reserves are only sufficient for 15 years. […]

The Asian Development Bank (ADB) has granted a US$ 85 million loan, equivalent to around IDR 1.3 trillion, to Indonesia. This loan is earmarked for the development of the agricultural sector, with the aim of directly benefiting tens of thousands of farming families. […]

In an exciting move towards diversification, PT Petrindo Jaya Kreasi Tbk (CUAN), under the conglomerate Prajogo Pangestu, is set to forge a new path beyond coal mining into gold and silica sand mining. This strategic shift reflects the company’s optimism about exploring opportunities beyond the coal sector. […]

The coal mining sector in Indonesia is experiencing a shortage of tires for heavy equipment. The condition is predicted to have an impact on production activities. […]

The fishing sector in Indonesia has high resource potential for several expensive marine animal commodities with a total water area of 6.4 million square kilometers (km2). However, there are still a number of complex problems that need to be addressed which could be business opportunities. […]

Xinyi Group, a leading company in the glass and solar panel industry from China, will soon build a quartz sand or silica sand downstream facility in the Rempang Eco-City Area in Batam, Riau Islands. […]

A number of companies in the crude palm oil sector were searched and their assets confiscated for being involved in the Crude Palm Oil (CPO) export corruption case by the Attorney General’s Investigation Directorate. […]

The Ministry of Energy and Mineral Resources (ESDM) will cooperate with a number of institutions to further investigate the alleged illegal export of 5 million tons of nickel ore to China from 2020. […]

MIND ID, a state-owned mining holding company, is in a difficult position to acquire 51% of PT Vale Indonesia Tbk (INCO) shares as it face competition from a Saudi investment company. […]