The Ministry of Trade has decided to postpone for six months the application of rules saying coal and crude palm oil export shipments should use Indonesian insurers, the country's leading coal industry association said.
The government plans to revise its domestic market obligation (DMO) on coal price next week during a high-level meeting with President Joko “Jokowi” Widodo, with among considerations being to increase state revenue from coal, the efforts of which are currently hampered because of the formula.
The government has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran.
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the government wants to ensure supply of the commodity to meet domestic demand.
Darma Henwa has recently signed up with SNC Technologies for the MineLink Mining Fleet Management System to be installed on their mining and hauling fleet at the KPC Bengalon mine located in East Kalimantan, Indonesia. MineLink will assist Darma Henwa with the continuing increase of production and efficiencies across its mining operations.
On Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI).
U.S. energy giant Chevron Corp must compete if it wants to continue operating Indonesia's Rokan block, the country's biggest source of crude oil, after its contract expires in 2021, Indonesia Energy and Mines Minister Ignasius Jonan said on Wednesday. Chevron asked Indonesia's government earlier this year to extend its operating contract for Rokan beyond 2021 and since then has been in discussions with Indonesian officials on the issue.
For the umpteenth time the government announced last week it would soon close the deal to acquire the controlling ownership of PT Freeport Indonesia (FI), which has owned and operated the world’s largest gold and copper mine in the easternmost province of Papua since 1972.