President Joko “Jokowi” Widodo has told state-energy holding company Pertamina to buy all oil lifting, the colloquial term for ready-to-sell production from all oil and gas contractors in the country to reduce oil imports and to strengthen the rupiah.
One of the standout commodity performers this year has been thermal coal, but not all coal is created equal and disparities in pricing may help explain why India's imports have stayed strong despite the higher costs.
The contractors of the Brantas oil and gas exploration operational area in East Java have signed a gross split production sharing contract (PSC) scheme with the Indonesian government, extending a 20-year working contract with Lapindo Brantas Inc. as an operator with PT Prakarsa Brantas and PT Minarak Brantas Gas as contractors.
Nickel miner Laman Mining is suspected of illegal bauxite mining operations, disrupting orangutan habitat in West Kalimantan's Tulak River forest.
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year.
Governments of resource-rich Asian countries are slapping new levies and tightening screws on mining companies, hoping to extract more revenue from natural assets to cover ballooning infrastructure and public works costs. In Indonesia, President Joko Widodo appears to be tapping into nationalistic sentiment over resources as he embarks on his re-election campaign.
New chief of East Nusa Tenggara province aims to call a halt to mining and weed out those operating illegally. Plans by the new governor of Christian-majority East Nusa Tenggara province in Indonesia is to impose a moratorium on mining has won backing from environmental activists.
It fired up the industrial age but is now condemned as a toxic pollutant. Most countries are cutting back on coal usage, but not all. Donald Trump wants to buck the trend and create jobs for miners, and Asia’s appetite for the black stuff continues to grow. Siân Bradley asks if there is a future for old King Coal
Inodnesia based miner Silkroad Nickel has started its application for an export quota for low-grade nickel ore and plans to have the quota in 2018, it said on Saturday.
State-owned mining holding PT Indonesia Asahan Aluminium (Inalum) expects to sign an agreement with US-based mining company Freeport-McMoran (FCX) to acquire a controlling stake in PT Freeport Indonesia (PTFI) in August.