Monday, June 5, 2023

Tag: Primary

BUMI has recently receive a new partner from China for the development of downstreaming its coal products, specifically in the ammonia sector. […]
Indonesia’s largest nickel sulfate factory, operated by PT Halmahera Persada Lygend, has been officially inaugurated. The company aims to begin nickel sulfate export in June 2023. […]
The Ministry of Energy and Mineral Resources (ESDM) will issue a regulation designating nickel and tin as critical mineral commodities. The new regulation is expected to help in driving the development of downstream mineral industry. […]
Indika Energy has announced plans to gradually divest from coal mining and expand its business scope to include mineral mining such as gold. Apart from gold mining, Indika Energy is also making expansion into bauxite mining. […]
The Indonesian government has decided to implement stringent requirements for investor visa. The decision was made following recent cases of visa fraud and violations. […]
Businesses face finance problems resulting in the postponement of construction of many bauxite smelters. Businesses are having difficulty to obtain funds from banks. […]
The Minister of Energy and Mineral Resources, is urged to expedite the creation of Indonesia Nickel Prices Index for domestic transaction. Businesses asserted that the index is important for them to be used as a reference for royalty payment. […]
The Ministry of Energy and Mineral Resources will ban mineral exports starting in June 2023. The ban is said to cause potential losses for the government in the form of state revenue and royalties. […]
The Ministry of Energy and Mineral Resources reported China is interested in investing in the coal gasification project. The project will be able to produce an alternative energy cleaner compared to natural gas. […]
China’s domination over nickel industries in Indonesia poses a geopolitical threat to the West. According to Minister of Investment Bahlil Lahadalia, China had invested US$ 3 billion in Indonesia in the Q4 2022. […]
The government has decided to grant PT Freeport Indonesia’s special mining permit, which will expire in 2041. The decision gathered many criticisms as it considered to violate the Law on Mineral and Coal. […]
The Cobalt Institute explained that Indonesia’s cobalt production will increase by 9,500 tons in 2022 from 2,700 tons in 2021. It is predicted that there is a potential for an increase in cobalt production 10 times in 2030. The Indonesian government identified a total cobalt reserve of 231,768 tons. […]
A major Chinese company Shandong Nanshan, will expand its aluminium smelting facility to a US$ 6 billion smelting complex in 2028. The company will also construct a smelter unit with an annual capacity of 250,000 tons. […]
Investment in the coal mining sector is predicted to remain strong in the short term. Dropping sales price has no effect on flow of investment. […]
Indonesia initiated its first export of live chicken to Singapore by exporting 23,040 live chickens, weighing a total of 41.46 tons. The opening of Singapore’s market for live chickens is expected to create a balanced production and supply, as well as improve the livelihood of farmers in Indonesia. […]
PT Adaro Minerals Indonesia (ADMR) will be focusing on assisting Indonesia to advance the downstream mineral business by building an aluminum smelter in North Kalimantan, which is targeted to start operating in Q2 2025. The smelter will allow aluminum to be produced domestically and reduces dependency on import. […]
Indonesian mining industry holding, MIND ID is ready to acquire more shares of PT Vale Indonesia Tbk (INCO). Doing so will allow the holding company to access Vale’s potential nickel reserve. […]
Plantation company Tunas Sawa Erma Group will be utilizing the STBi method to achieve zero net emission. The initiative will help the Indonesian government to achieve its Nationally Determined Contribution as stated in the Paris Agreement. […]
PT Vale Indonesia Tbk (INCO) allocates US$ 580 million (IDR 8.43 trillion) in capital expenditure (Capex) for the development of smelters in Pomalaa and Bahodopi. The project is expected to increase production capacity and generate more profit for the company. […]
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream. […]
The government will revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters because of the overly intensive investment for the facility. The revocation is expected to attract investors to invest in other processes related to nickel and production of electric vehicle battery. […]
Indonesia’s trade balance surplus is supported by the non-oil and gas trade, which includes natural resource commodities such as coal, precious metals, metal ore, and iron and steel. […]
Crude Palm Oil (CPO) prices experienced a drop in Malaysia fueled by IMF global economy projection. However, effects on Indonesian export remains unclear as the country is expected to take steps before and after the Idul Fitri holiday to secure domestic stocks. […]
PT Eagle High Plantations Tbk (BWPT)allocates Capital expenditure (Capex) budget worth IDR 200 billion to add new factories in East Kalimantan. […]
PT Trimegah Bangun Persada Tbk (NCKL), known as Harita Nickel, will be holding an initial public offering (IPO) and is projected to gather IDR 9.99 trillion. […]
PT Energi Mega Persada Tbk (ENRG), one of Bakrie Group of companies in oil & gas looks for opportunities to acquire additional assets. […]
ANTAM will be focusing on expanding its downstream nickel industry by allocating IDR 14 trillion for Capex. […]
Oil palm and rubber plantation company PT Sampoerna Agro Tbk (SGRO) has budgeted IDR 400 billion (US$ 26.2 million) for its 2023 Capital expenditure (Capex) for plantation development and fixed asset maintenance. […]
Palm oil company PT Sawit Sumbermas Sarana Tbk (SSMS) has allocated IDR 1 trillion (65.6 million) Capital expenditure (Capex) in 2023 for planting plants and has targeted a 15% production increase. […]
Upstream Oil and Gas Regulatory Task Force (SKKMigas) and Cooperation Contract Contractor (KKKS) Citic Seram Energy Ltd. has claimed the discovery of a fresh reserve of 15.02 million cubic feet of gas on Seram Island in Maluku province, Antara news agency reported. […]