#Primary
President Joko Widodo resumes exports of Indonesian sea sand despite criticism
President Joko "Jokowi" Widodo has announced the reopening of Indonesia's sea sand export starting from May 15, 2023, despite heavy criticism. The policy aims to control sea sedimentation. However, it is emphasized that domestic needs, such as infrastructure development and land reclamation, must be prioritized.
Danusa Tambang Nusantara expands portofolio with strategic investment at Nickel Industries Ltd
PT Danusa Tambang Nusantara (DTN), a subsidiary of PT United Tractors Tbk (UNTR) in the gold mining sector, signed a Share Subscription Agreement (SSA) for 857 million shares with Nickel Industries Limited (NIC) from Australia on June 9, 2023.
Government implements ban on bauxite ore exports to boost domestic industry
President Joko 'Jokowi' Widodo's administration has taken a decisive step by closing the door on bauxite ore exports starting from June 10, 2023. The main intention of ban on bauxite export is driving growth of the bauxite processing and refining industry within the country. This move is in line with the provisions of Law No. 3 of 2020 concerning Mineral and Coal Mining (UU Minerba).
BUMI Resources secures new strategic partner for coal downstreaming project
PT Bumi Resources Tbk. (BUMI), a subsidiary of Bakrie Group, has recently obtained a new strategic partnership from China for the development of downstreaming its coal products, specifically in the ammonia sector.
Ministry of Energy and Mineral Resources will regulate nickel and tin as critical mineral commodities
The Ministry of Energy and Mineral Resources (ESDM) will issue a special regulation designating nickel and tin as critical mineral commodities.
Indika Energy shifts focus toward mineral mining and green energy
PT Indika Energy Tbk (INDY) has announced plans to gradually divest from coal mining and expand its business scope to include mineral mining, such as gold and bauxite, as well as green energy.
Government to implements stricter visa requirements for foreign investors
The government is set to enhance the screening process over visa requirements for foreign investors. Director General of Immigration at the Law and Human Rights Ministry Silmy Karim announced on Thursday (25/5) that the ministry will be introducing stricter requirements for residence permits applicable to foreign nationals.
Funding challenges hinder bauxite smelter projects and export ban in Indonesia
The ban on bauxite exports, which will come into force on June 10, 2023, has shown its impact on the bauxite mineral commodity as smelter projects remains stagnant. Businesses are faced with finance problems resulting in the halted construction of bauxite smelters.
Urgent call for Ministry of Energy: Expediting the creation of local nickel price index
The Minister of Energy and Mineral Resources, Arifin Tasrif, has emphasized the importance of creating the Indonesia Nickel Prices Index as a means of facilitating nickel transactions within the domestic market.
Ministry of Energy and Natural Resources implements mineral export ban and relaxation despite potential losses
The Ministry of Energy and Mineral Resources (Kemen ESDM) will begin issuing a ban on mineral exports starting in June 2023, although the potential for losses still exists.
China's interest in Indonesian coal gasification project grows as US companies opt out
An energy company from China has expressed interest in investing in the coal gasification project to produce Dymethyl Ether (DME) in Tanjung Enim, South Sumatra, as reported by the Ministry of Energy and Mineral Resources.
China's dominance in Indonesian nickel mining challenges the West
Massive investments made by Chinese companies in Indonesia nickel industry may pose a geopolitical threat to the West because Chinese companies is starting to dominate nickel mining in Indonesia.