By late 2025, state-owned company PT Agrinas Palma Nusantara (APN) controlled 1.7 million hectares of area, including forest areas seized by Satgas PKH, a task force established by Prabowo administration. Big portion of the areas will be developed into palm oil plantation by cooperatives.

Nickel and coal miners are gearing up preparations to best use the window for revision of their work plan and budget (RKAB), which will officially open July 1st. Subject to approval, this will likely drag further down international price of both commodities.

Shares of Nickel Industries Ltd, which operates mines, RKEF, and HPAL nickel smelters in Indonesia, advanced 0.75% to A$0.94 on the Australia Stock Exchange (ASX) this morning as investors responded positively the company’s framework agreement for a long-term nickel ore mining and HPAL processing.

Indonesian miner PT Ithaca Resources, linked to President Prabowo Subianto’s six coal concessions in East Kalimantan province, has reportedly agreed to acquire the collapsed Australian coal miner Vitrinite for A$200 million. Vitrinite, which operated the Vulcan coal mine in the Bowen Basin, fell into administration, owing A$400 million to creditors.

Indonesia’s latest coal blending regulation may appear to be a technical adjustment aimed at improving oversight in the mining sector. Yet its timing raises broader questions about energy security, economic management and the growing pressures facing the country’s middle class.

Minister of agriculture Andi Amran Sulaiman informed President Prabowo on Thursday (Jun 18) about his decision to file a police report against 274 palm oil producers, accusing them of manipulating the price of fresh fruit bunches (FFBs) produced by smallholders. 

Indonesia thought it would benefit from production cap of thermal coal, but export revenues dropped 3.8% year-on-year in the first four months of the year instead. Indonesia, at least Prabowo administration, believes controlling export through Danantara will elevate the country’s bargaining power in coal market only to see China and India, two of the largest importing countries, do some substantial adjustments.

Nickel gained 0.8% to US$17,955 per ton on the London Metal Exchange (LME) Tuesday (Jun 16) due to falling US dollar and tight supply from Indonesia’s production cut. The commodity gained 20.2% year-on-year, but provided asymmetric impact to nickel players in the country.