#Primary
President Joko Widodo welcomes discussions on increased stake in Freeport
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: “China’s government support their nickel business expansion in Indonesia “ (Part II)
Indonesia Business Post interviewed the secretary general of Indonesia Nickel Miners Association (APNI ) Meidy Katrin Lengkey on October 15, 2023. APNI was established on January 6, 2017 in Jakarta. The association has a commitment to transform nickel as Indonesia's natural resource into the wellbeing and the sustainable development of Indonesian people with best mining practices.
Nickel resources are still secure said Ministry amidst claims nickel reserves are depleting
The Ministry of Energy and Mineral Resources (ESDM) has refuted claims that the country's nickel reserves are dwindling. However, 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.
Indonesia officially launches palm oil exchange to regulate a more transparent trading
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 makes IPO debut, plans to expand shrimp farming business
PT Agro Bahari Nusantara Tbk, 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).
Ministry of Energy and Mineral Resources to auction 10 mineral and coal mining bussiness permit (WIUP) work areas worth over IDR 200 trillion
The Ministry of Energy and Mineral Resources (ESDM), through the Committee for the Auction of Mineral and Coal Mining Business Permits, is set to conduct an auction for Mineral and Coal Mining Business (WIUP) permits related to metal minerals and coal, with a combined compensation value exceeding IDR 200 billion.
Petrindo Jaya Kreasi acquires full ownership of Multi Tambangjaya Utama in a strategic move
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.
South Pasific Viscose invests US$ 100 million in environmentally friendly rayon fiber
The Ministry of Industry (Kemenperin) appreciates PT South Pacific Viscose (SPV) for its investment of US$100 million (IDR 1.5 trillion) for environmentally friendly viscose rayon product lines. PT SPV is the largest producer of rayon fibers in Indonesia and is a subsidiary of the Austrian company Lenzing Group.
Vale Indonesia prepares US$ 9 billion investment for three smelter projects in Sulawesi
PT Vale Indonesia Tbk (INCO) has earmarked US$ 9 billion (IDR 138.3 trillion) for the development of three smelter projects.
Two groundbreaking nickel smelters set to boost prosperity in Kalimantan
In an attempt enhancing industrial capabilities and bolstering the local economy, two state-of-the-art nickel smelters, are planned to be constructed in the province of East Kalimantan, Indonesia. These transformative projects represent a combined investment of IDR 36.5 trillion.
Petrindo Jaya Kreasi diversifies into metallurgical coal and gold mining
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.
Indonesia's abundant nickel reserves to lasts for 15 years, Ministry aims for sustainable exploration
The Ministry of Energy and Mineral Resources (ESDM) stated that estimates of Indonesia's nickel reserves are only sufficient for 15 years.