PT United Tractors Tbk (UNTR) recorded a revenue of Rp 38.9 trillion in the first semester of 2018, growing 32% from the same period of 2017 at Rp 29.4 trillion. The largest contributor to the revenue came from the mining contracting business segment at about 45%.
The Comprehensive Economic Partnership Agreement, which was finalised on 1 September, is anticipated to benefit both the Australian and Indonesian resources sectors.
Gold and copper mining company PT Freeport Indonesia (PTFI) has been given a one-month special mining permit (IUPK) extension, which is required for the company to import its copper concentrates.
United Tractors, a heavy equipment distributor controlled by Astra International, one of the largest Indonesian conglomerates, is acquiring a 95 percent stake in the Martabe gold mine in North Sumatra from Singapore-based Agincourt Resources.
PT Bukit Asam Tbk (PTBA) won an award as Asia’s Most Trusted Company 2017 in category of Coal Mining Company in Asia from International Brand Consulting Corporation, USA. This award was submitted by the CEO of IBC Info Media Pvt. Ltd. (India), Hemant Kaushik and received by PTBA’s Domestic Marketing and Distribution, Biverli Binanga at the Awards Ceremony and Gala Dinner at Grand Hyatt Hotel, Bangkok, Sunday (8/26).
The Jakarta Police arrested director of oil, gas and mining company PT Mulia Graha Abadi, Richard Muljadi, on Wednesday evening, when one of its officers reportedly caught him sniffing cocaine in the toilet of a South Jakarta shopping mall where he was dining.
Jambi Police are looking for two people believed to have financed an illegal gold mine that collapsed on Sept. 2, trapping six miners.
Pertamina is expected to post its lowest first-half profit in four years for 2018, an official said, with the state energy company squeezed by government fuel polices, higher oil prices and a 9 percent slide in the rupiah.