The government has asserted that gold and copper miner PT Freeport Indonesia (PTFI) can only go public once a majority of its stock is controlled by national entities, including by a state-owned mining holding company that is slated to be formed by the end of November.
State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) has officially secured US$4 billion in global bonds to finance the acquisition of a gold and copper mine from PT Freeport Indonesia (PTFI), a top executive has said.
Gold and copper miner PT Freeport Indonesia (PTFI) has obtained antitrust permits from Japan and South Korea required for the entry of state mining holding company PT Indonesia Asahan Aluminium (Inalum), which will control a major stake in PTFI.
Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.
Indonesia's consumption of domestic coal for power generation will almost double from 84 million t in 2018 to 157 million t by 2027. This increases power generation's share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage.
The government is interested in studying the economic aspects of the downstream coal business, including the gasification of solid fossil fuel. "The economic aspect [of coal gasification] must be proven, just like for the development of smelters in the mineral sector," Bambang said in Jakarta on Thursday.
Indonesia's consumption of domestic coal for power generation will almost double from 84 Mt in 2018 to 157 Mt by 2027. This increases power generation's share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage.
Indonesia’s South Sumatra province plans to ban coal transporters from using public roads from Nov. 8, an industry association said, in a move estimated to cut the province’s annual coal sales by 23 million tonnes.
State-owned energy holding company Pertamina and state-owned coal mining firm PT Bukit Asam (PTBA) have inked a partnership with chemical company Air Products and Chemicals Inc. on coal gasification.
Outotec has signed a contract for the Front-End Engineering Design (FEED) of a new copper smelter to be located at Benete Bay in Sumbawa, Indonesia. The contract partner is PT Amman Mineral Industri, a subsidiary of copper and gold producer PT Amman Mineral Nusa Tenggara. The approximately EUR10 million contract has been booked in Outotec’s 2018 fourth quarter order intake.
The government has said that nearly all coal and mineral companies have made regular reports of their activities through an app known as the Minerba Online Monitoring System (MOMS) in a platform launched on Nov. 2.
