May 18, 2022 | Business, Commodities, Mining
Newcastle coal futures, the benchmark for top consuming region Asia, consolidated above the US$400-per-ton mark and just 20 dollars shy of its record peak, supported by continued robust demand against a tightening market backdrop. Along with increasing demand for...
May 17, 2022 | Business, Market, Mining
Ridwan Djamaludin, Director General of Minerals and Coal, has been made acting governor of Bangka Belitung. Many protested against the decision. Some see it as a conflict of interest as Djamaludin is known for being close to the Coordinating Minister for Maritime...
May 12, 2022 | Business, Market, Mining
PT Freeport Indonesia has made considerable progress. The construction of its smelter in Gresik, East Java has reached 27 percent. Tony Wenas, President Director of Freeport Indonesia, said that the construction of the copper concentrate smelter (refining) in Gresik...
May 10, 2022 | Business, Mining
PT Vale Indonesia Tbk (Vale) had planned to expand its business by mining the capacity of a smelter in Pomalaa, Southeast Sulawesi. The Plan was put on a halt because its business partner, Sumitomo Metal Mining Co., Ltd (SMM), decided to stop the feasibility studies...
Apr 27, 2022 | Business, Mining
PT Vale Indonesia’s smelter project in Pomalaa has reportedly failed to proceed. Akira Nozaki, President & Representative Director of Sumitomo Metal Mining, said on Monday, April 25, that Sumitomo Metal Mining Co., Ltd (SMM) had decided to stop the ongoing...
Apr 22, 2022 | Business, Mining
he Ministry of Energy and Mineral Resources (ESDM) is to delegate the authority to grant copper, nickel, and manganese mining permits to the regions with the promulgation of Presidential Regulation (Perpres) Number 55/2022. Where are things now? Ridwan Djamaludin,...
Apr 21, 2022 | Business, Market, Mining
Kiki Barki’s PT Harum Energy Tbk (HRUM) continues to target coal production growth in 2022. HRUM believes that energy consumption from coal will still be high in the years ahead, even though the world paradigm has slowly begun to shift toward green and...
Apr 20, 2022 | Business, Mining
The Russo-Ukrainian war has led to European countries blocking coal from Russia. Indonesian coal producers benefited because it has become an alternative for European countries. Garibaldi “Boy” Thohir’s company PT Adaro Energy Indonesia Tbk (ADRO),...
Apr 20, 2022 | Business, Mining
Nickel miner Vale Indonesia (INCO) produced 13,827 metric tons of nickel-in-matte in the first quarter (Q1) of 2022, which declined 9% y/y, and it fell 19% from the previous quarter (Q4 of 2021). Production in Q1 was lower due to the execution of the Furnace 4 rebuild...
Apr 18, 2022 | Business, Mining
The COVID-19 pandemic and the Russo-Ukrainian war have increased the price of commodities. Producers of coal and other minerals, such as nickel, are enjoying huge profits. The company owned by Garibaldi Thohir (Boy Thohir), for example, recorded revenue of US$3.99...
