PT Bruder Konstruksi Nusantara (BKN) in conjunction with PT. Borneo Prima Coal Indonesia (BPCI) are proud to announce that work commenced on the Stage 1 site mobilization on September 26, 2017 at BPCI’s Muara Teweh coal project in Central Kalimantan.
Indonesia's Ministry of Energy and Mineral Resources set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at a 10-month high of $93.99/mt, up 2% on the month and 36.1% higher year on year.
Finance Minister Sri Mulyani has said that the negotiations between the government and gold and copper mining company PT Freeport Indonesia are now focusing on efforts to increase state revenue and investment certainty for the company.
PT Kapuas Prima Coal, a mineral mining and processing company, has seen its shares soar by 70 percent to Rp 238 (US$0.018) per share from its initial listing of Rp 140 per share, upon its debut on the Indonesia Stock Exchange (IDX) on Monday.
Indonesian coal benchmark price surges 2.13% in October month over month, the latest ministerial decree showed.
The government has extended the deadline for United States-based mining giant Freeport-McMoRan (FCX) to meet its divestment obligation to the first quarter of 2019 — three months longer than the previous time limit — following a longer-than-expected negotiation between both parties.
TPT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate Share Purchase Agreements in 2nd half of September 2017 with each of Samtan Co., Ltd. and PT Muji Inti Utama, respectively, to purchase 40.0% of PT Kideco Jaya Agung (“Kideco”) from Samtan and 5% of Kideco from Muji for an aggregate total consideration of US$677.5 million.
Coal mining company, PT Garda Tujuh Buana Tbk (GTBO), has been seeking for new customers to increase its revenue until the end of 2017. The management has also maintained expenses and reduced operational costs in line with the target.