Day: September 14, 2022

More Lawsuits against Satgas BLBI

Three months ago, the Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) commenced another confiscation on assets they believed are related to Setiawan and Hendrawan Harjono of Bank Aspac. At the time, the companies who managed the said assets immediately objected to the decision, stating that they have nothing to do with the Harjonos. The two companies decided to fight the Satgas through legal channel and filed two lawsuits through the Jakarta State Administrative Court (PTUN). 

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Another Vale-Huayou Smelter Project

Nickel producer Vale Indonesia (INCO) has again agreed to collaborate with Zhejiang Huayou Cobalt Company to develop a smelter with high pressure acid leaching (HPAL) technology in Sorowako, Luwu Timur Regency, South Sulawesi province. This is the second partnership between Vale Indonesia (Brazil/Canada/Indonesia) and Huayou (China).

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