The government will finalize its negotiations with the local unit of US-based Freeport-McMoRan in Indonesia over the massive Grasberg copper and gold mine in Papua by June, an official at the Ministry of Energy and Mineral Resources said on Thursday (11/01).
This year's projection of 485m tons of coal is a wide deviation from the country's target to reign in coal production to preserve resources and mitigate climate change. Indonesia’s medium-term development plan (RPJMN) for 2015-2019 dictates that the country produces only 406 million tons of coal.
The Government through the Ministry of Energy and Mineral Resources (ESDM) often claims that downstream policy is one of the successes of work in President Joko Widodo (Jokowi)-Vice President Jusuf Kalla (JK) administration.
Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses.
The growing number of electric cars in the country has fueled battery storage use and is projected to boost coal demand in the near future. A few number of countries, including Indonesia and Thailand, are currently developing energy storage technologies to support the use of electric cars.
With the nickel market focused on the electric vehicle (EV) battery story this year, changes in nickel ore-producing countries such as Indonesia and the Philippines have lessened their effect on nickel prices.
The Extra Ordinary General Meetings of Shareholders of three state-owned enterprises; namely PT Aneka Tambang (Persero) Tbk (ANTM), PT Bukit Asam (Persero) Tbk (PTBA), and PT Timah (Persero) Tbk (TINS) approve the change of the companies’ Articles of Association pertaining to the change of company status from Limited Liability to Non-Limited Liability.
Publicly listed construction firm Nusa Konstruksi Enjiniring has partnered with Perth-based mining contractor MacMahon Holdings on the development of a gold and copper mine at Mount Tumpangpitu in Banyuwangi, East Java.