The collapse of an unlicensed gold mine in Indonesia this month is renewing attention on illegal mining in the country, which authorities say often overlooks safety, health and security requirements.
The government has told the administrations of Papua province and Mimika regency to establish a region-owned enterprise (BUMD) to hold the 10 percent combined shares they were allotted through the divestment of copper and gold miner PT Freeport Indonesia (PTFI).
Heavy rain and rough seas in several parts of Indonesia, including the main Kalimantan coal-producing region, have resulted in a large build-up of vessels waiting to load coal cargoes. This is curbing supplies and offering support to prices.
As the nation prepares for the upcoming elections, issues relating to energy nationalism will spark debate among its supporters and detractors, especially after the government’s move to take control of copper miner Freeport Indonesia and the Rokan oil and gas block.
There is still no certainty about the location of Freeport Indonesia’s smelter and funding sources for its construction.
Bulkers are facing “significant” delays in moving coal shipments out of a number of ports in Indonesia, according to Alphabulk, on the back of newly enforced insurance laws in the archipelago. The latest weekly report from Alphabulk, part of France’s AXS Marine, states that a “raft of ships” are being help up as Jakarta has forced coal exporters to use local insurers. Port authorities are checking exporters and vessels to see if the right insurance is in place leading to the delays.
Bangka and Belitung are the centers of Indonesia’s tin mining industry and one part, East Belitung, is hoping to trigger a boom in tourism related to that tin mining. It sounds like an excellent idea to be honest, Poldark has definitely worked in getting people to go to Cornwall now, hasn’t it?
Publicly listed nickel miner PT Vale Indonesia (INCO) confirmed on Thursday that the company had communicated with state mining holding company PT Indonesia Asahan Aluminium (Inalum) on the requirement for the former to sell 20 percent of its shares.
With this spring’s presidential and parliamentary elections are fast approaching, and a classic Indonesian pre-election syndrome that combines nationalism and populism has become widely apparent, we thought it was worth looking at the May Asia Coaltrans 2018 conference in Bali and the potential effects of Indonesia’s energy policy that remain badly analyzed. What was most striking about that gathering was how government and business leaders so vigorously embraced the notion of resource nationalism and a dangerous overreliance on the coal industry and state-owned enterprises.