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.
Despite a move to renewable energy, particularly in Europe, demand for coal globally soared in 2018, led by low calorific value (CV) coal demand. The strongest import markets were China and India, while Indonesia performed extremely strongly on the supply side.
Research from Cardiff University and the Institute of Occupational Safety and Health has demonstrated that miners who are excluded from the decision-making process in regards to safety and health matters face disproportionate safety risks while at work.
State-Owned Enterprises Minister Rini Soemarno has said the government does not expect big revenue from gold and copper miner PT Freeport Indonesia (PTFI) in the next three years, following a US$3.85 billion divestment deal.
China’s coal imports soared in January, more than tripling from the prior month to 33.5 million tons, but there are compelling reasons to treat this outcome with caution, including weakness in benchmark Australian coal prices.
After gaining control of 51.23 percent shares of gold and copper miner PT Freeport Indonesia, the government is eyeing to gain a 20 percent stake in publicly listed nickel miner PT Vale Indonesia (INCO).
The Indonesia Stock Exchange is proposing to allow, for the first time, public offerings by and listings of mineral and coal exploration companies even though they have no revenue history.
Copper miner Freeport-McMoRan Inc must pay Indonesia 460 billion rupiah ($32 million) in royalties for 4,000 hectares of protected forest it used in which to deposit its tailings without a permit. Indonesia's Supreme Audit Agency (BPK) said on Wednesday. The government aims to issue a new mining permit for Grasberg – which requires the environmental permit issues to be settled – before the end of the year.