While Indonesian authorities try to curtail the nation's coal production in order to safeguard plenty of supplies for future use (particularly to fuel Indonesia's coal-fired power plants), it is difficult for local coal miners to resist producing and exporting more coal now coal prices are still about 50 percent higher compared to the situation one year ago.
The West Kalimantan Police have launched an operation against illegal gold-mining activities in a number of regions in the province in the wake of a fatal accident at an illegal gold mine in Landak regency last week.
The Papua Police said they had ruled out the possibility of an intention to commit sabotage being the motive behind recent cuttings of PT Freeport Indonesia concentrate pipelines at the gold and copper mining giant’s site in Mimika regency.
Publicly listed oil and gas company PT Medco Energi Internasional, through its subsidiary PT Amman Mineral Nusa Tenggara (AMNT), is set to acquire 44.3 percent of the shares of Australia-based mining contractor MacMahon Holdings.
Publicly listed transportation and logistics firm PT Sidomulyo Selaras expects to diversify its services after seeing a potential to provide coal transport services in Kalimantan starting from this year.
President Joko Widodo gives his attention to the Indonesian diaspora. Foreign Minister Retno Marsudi said for that the president sees the existence of diaspora as an asset to the state.
Coal mining company PT Indo Tambangraya Megah (ITMG) has allocated about US$200 million to acquire several mines in Kalimantan this year in order to boost its coal reserves and expand into the power generation business.
Adaro Logistics, a subsidiary of Indonesian coal mining company Adaro Energy, is expected to undertake an initial public offering (IPO) on the Indonesia Stock Exchange in 2018.
The Energy and Mineral Resources Ministry has sent a warning letter to gold and copper miner PT Freeport Indonesia after it laid off 4,000 employees.