Oil & Gas Journal
SGX-listed RH Petrogas Limited, which operates two upstream oil and gas assets in Indonesia, sees delay in the spudding of the Northwest Klagagi-1 exploration well in the Arar block of the Kepala Burung production sharing contract (PSC), Southwest Papua province.
Doubts in nickel production cut
Nickel dropped 1.91% to US$18,235 in the London Metal Exchange (LME) Tuesday (Jan 27) on persistent surplus outlook and doubts over Indonesian government’s plan to significantly cut production of nickel ores.
Freeport Indonesia: 2025 Results & 2026 Outlook
Freeport McMoRan, co-owner of PT Freeport Indonesia (PTFI), the world’s largest copper and gold mine, has just released operational and financial data for full year 2025, where it posted net profit of US$2.2 billion, increased from US$1.89 billion in 2024 despite downfall of PT Freeport Indonesia following suspension of mining activities in Grasberg, Papua.
Nanshan integrates further to Electrolytic Aluminium
China’s Nanshan Aluminium International Co Ltd, which is listed on the HK Stock Exchange, decided to invest more in the aluminium chain here. Following commercial operation of fourth line of smelter grade alumina (SGA) in Bintan Island, the company plans a US$436.57 million investment in an electrolytic aluminium project.
Nickel production cut: Who gets how much? (2)
Credibility of a policy pretty much depends on its transparency. Energy and mineral resources ministry talked about a policy to cut production of nickel starting January 2026, but nearly one month is gone, most are still left in the dark about how the policy is or will be implemented.
Palm Journal
Shares of plantation companies moved in narrow range Monday (Jan 19) despite substantial gain of crude palm oil (CPO) last Friday. Higher export levies starting March 1st admist lacklustre movement of the commodity would squeeze profit margins of Indonesian planters.
Coal Journal
State revenues from coal (royalty, and the planned export tax) in the first quarter of 2026 might decline significantly at the time of growing concerns about widened budget deficit (closer to the 3% GDP cap). Export volume (and revenues) will also be affected because price of thermal coal remains traded below the same period last year.
Nickel Journal
Nickel advanced 6.73% to US$18,785 Wednesday (Jan 14) on uncertainties surrounding approval of work and budget plan (RKAB) of Indonesian nickel miners this year. Shares of IDX-listed nickel miners, however, ended mixed that day.
RDMP Balikpapan & Misleading Claims
President Prabowo Subianto inaugurated the integrated energy infrastructure of Refinery Development Master Plan (RDMP) Balikpapan in East Kalimantan province yesterday. While the new refinery will lead to lower import of fuel products, the country will remain heavily rely on imported crude oil.
The muted coal
Newcastle thermal coal slipped 0.17% to US$107.1 per ton Monday (Jan 12), reflecting 5.64% correction year-on-year despite plans from Indonesian government to slash output, and, accordingly, export.