BENGKULU, Indonesia — Hearings in a lawsuit filed by residents over a newly built Chinese-funded coal-fired power plant in Sumatra have revealed a litany of irregularities behind the permit that allowed it to go ahead.
The government’s decision on Tuesday to temporarily freeze nickel ore exports for one or two weeks to allow for a comprehensive investigation by the Corruption Eradication Commission (KPK), the customs service and the Navy should be set against the astronomical increase in exports over the last two months.
A week after announcing a temporary ban on nickel ore exports, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has announced exports are to be permitted until January 2020.
East Asia Minerals Corporation. (the “Company” or “EAS”)(TSX-V) reports that its board of directors has approved the settlement of up to $165,748.61 of debt through the issuance of common shares of the Company (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company would issue up to 3,314,972 common shares of the Company (the “Shares”) at a deemed price of $0.05 per Share to certain creditors of the Company, including certain directors and officers (the “Creditors”)
PT Darma Henwa Tbk (DEWA) posted a net profit of US $ 1.19 million at the end of the third quarter of this year. This figure increased by 44.32% yoy compared to the same period last year of US$ 826,192. This improvement was supported by increased production volume, productivity and cost efficiency.
The downward trend in global coal prices has caused the net profit of PT Borneo Olah Sarana Sukses Tbk (BOSS) to fell by 94.07%, despite the fact that the company’s revenue increased slightly by 3.40%.
The plant at Sepang Bay, which takes three years to build, will go into full operation in February of next year. The total 200 megawatts (MW) capacity will not only power Sumatra’s western province but also nearby isolated regions.
State-Owned Enterprises (SOEs) Minister Erick Thohir has confirmed that former Jakarta governor Basuki “Ahok” Tjahaja Purnama will be appointed as the new president commissioner of state-owned energy holding company Pertamina.
The government is moving fast in investigating alleged nickel export irregularities that prompted its high-ranking officials to announce a sudden temporary export ban of the commodity, which plays an important role in a plethora of industrial operations, including the production of electric car batteries and stainless steel.
A group of allegedly illegal miners are being accused of attacking Public Order Agency (Satpol PP) officers during a raid on a tin mining area in Sijuk village on Belitung Island on Saturday.
A group of allegedly illegal miners are being accused of attacking Public Order Agency (Satpol PP) officers during a raid on a tin mining area in Sijuk village on Belitung Island on Saturday.
