Archive News

The price of coal continues to decline. In the Newcastle ICE Market, for example, the black gold closed at USD 141.80 per tonne on Friday (7/7) or down 5.28 percent in the week for the August contract.

PT Atlas Resources Tbk (ARII) targets the export value to the Asian market throughout 2023 to reach 3.28 million tons, while coal sales to the domestic market reach 1.09 million tons.

Soon, Indonesia may have its own nickel price index. Currently, the Indonesian Nickel Miners Association (APNI) and the government, in this case the Coordinating Ministry for Maritime Affairs and Investment (Kemenkomarves).

PT Tambang Raya Usaha Tama (TRUST), a subsidiary of PT Indo Tambangraya Megah Tbk (ITMG) recently completed the installation of SNCTechnologies’ MineTrack fleet management system.

PT Merdeka Copper and Gold Tbk just completed the installation of SNCTechnologies’ MineLink fleet management system at their Wetar Island mine in South-East Maluku.

Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban starting this June, to allow for their smelters to be completed, the mining minister said on Friday.

JAKARTA, Jan 20 (Reuters) – Indonesian conglomerate Bakrie & Brothers (BNBR.JK) is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday.

Nickel mining and smelting has become a major part of Indonesia’s economy, with billions of dollars of global investment flowing in to the country after the government banned exports of unprocessed ore in 2020.

Indonesia produced 1.6 million tonnes of nickel in 2022, more than any other country, according to the U.S. Geological Survey. It is tied with Australia for the world’s largest reserves, at 21 million tonnes.