PT Samindo Resources Tbk (MYOH) is still interested to buy coal mine as an effort to diversify business in the electricity sector. For the purchase of this land, MYOH allocates approximately US$ 100 million.
The mining administration must bring greater benefits to the country. The Indonesian Mining Association (Perhapi) recognizes the government's success in acquiring Freeport McMoran and Rio Tinto shares in PT Freeport Indonesia. Perhapi is very optimistic that Indonesia can manage the Freeport mine.
PT Inalum (Persero) as the only primary aluminum producer in Indonesia continues to move towards realizing its vision as a global aluminum company. One of the concrete steps taken is to export to Malaysia.
Chinese battery firm GEM is reportedly partnering with four companies to set up a joint venture (JV) to produce battery-grade nickel chemicals in Indonesia, with a total investment of around $700m.
Asia-Pacific coal prices gained ground this week amid an upturn in physical trading activity, despite a week-long Chinese national holiday, participants said on Thursday.
Indonesian company PT Adaro Energy Tbk and its four partner companies have agreed to boost transactions in rupiah to help maintain a balance between the US dollar supply and demand.
The government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia (PTFI) as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete.