Vale Indonesia said on Wednesday its nickel matte production is expected to fall as much as 13% next year compared to normal levels.
State-owned miners are poised to gain an even bigger presence in Indonesia’s mining industry after the Constitutional Court revoked last month.
Indonesia is one of four countries to join a pilot program from the Climate Investment Funds (CIF) worth around US$2.5 billion to transition from coal to clean energy.
Indonesia is planning to “hit the brakes” on the export of all raw commodities in an effort to attract investment in onshore resource processing and create jobs.
Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis.
An Indonesian cabinet minister is pushing for American mining giant Freeport McMoRan to be allowed to expand its copper concentrate output.
Heavy rains are slowing mine and port operations in Indonesia, the world’s biggest exporter of coal used for power generation, mining executives have told Reuters.
JAKARTA — Indonesia has signed another seemingly landmark pledge at the COP26 climate summit underway in Glasgow, this time to phase out its use of