Jonan: Buying Rio Tinto’s Participating Interest in Grasberg Is the Right Move

Mar 27, 2018 | Business, Market, Mining

Talks on the divestment of Freeport Indonesia continues. The Ministry of Finance is still evaluating the 51 percent of shares to be acquired. But there’s already increasing discussion on the possible purchase of Rio Tinto’s participating interest (PI) in...

An Interview with A Special Staff of the ESDM Minister on Freeport Indonesia

Nov 9, 2017 | Market, Mining

The Central Government’s negotiation with PT Freeport Indonesia has not yet produced a final agreement. Both sides have not agreed on the price of the to-be-divested shares, and it’s not yet clear who would be the owner of the share (whether it’s...

Corporate Actions to Watch

Aug 9, 2017 | Market, Mining

Vale Indonesia (INCO), Indonesia’s largest nickel producer, may need to scrap its plan to build a US$500 million smelter in Bahodopi (South Sulawesi) as its strategic Chinese partner, for now, backed away from the project due to falling nickel prices. Initially...

Government to Publish A Special Regulation for Freeport?

Aug 8, 2017 | Mining

The giant American mining company PT Freeprot Indonesia asks the Government of Indonesia to publish a special regulation in light of the Company’s change of contract  type from Contract of Work to Special Mining License (IUPK). The purpose of which is supposedly...

Amman & Lay Offs

May 8, 2017 | Mining

After the implementation of Government Regulation No.01/2017 on the Mining of Minerals and Coal, PT Amman Mineral Nusa Tenggara (AMNT) made adjustments.  Amman obtained a mineral export license on April 2017 but they have to report on the progress of their smelter...

Mahakam Block Facts & Valuation

Nov 14, 2014 | Mining

Minister of energy and mineral resources Sudirman Said promised to make decision on the future of Mahakam Block soon. What do we know about the block and its value? Before talking about maneuvers from various groups to enter the block, let’s talk about basic...

Targeting Freeport Indonesia Shares

Nov 13, 2014 | Mining

PT Freeport Indonesia, operator of Grasberg gold-copper mine in Papua province, has reportedly agreed to divest 20.64% shares starting next year. PT Freeport Indonesia CEO Rozik Boedioro Soetjipto hinted value for 20.64% shares could be around US$4 billion. That much?...

ITMG vs ADRO in Q3/14

Nov 11, 2014 | Mining

Shares of Indo Tambangraya Megah (ITMG) gained 1.9% to Rp20075 on Tuesday (Nov 11) even though the coal producer reported substantial weakening in third quarter, when its net profit collapsed 59%. ITMG’s sales revenue slipped 3.8% in the quarter to US$522.37 million,...

Mineral Export Ban: Pains & Gains

Nov 5, 2014 | Mining

How has mineral export ban implemented since January 2014 affected mining companies in the country? Take a look at reports from Freeport Indonesia, Vale Indonesia, Aneka Tambang, Cita Mineral Investindo, and Central Omega Resources.    FREEPORT INDONESIA: Freeport...

Oil & Gas Investments to Watch

Oct 22, 2014 | Mining

In the past few months, we’ve seen significant investment in Indonesia’s oil and gas industry. RISCO, for example, plans to acquire 25% shares of Lemang Block from Ramba Energy Ltd. ASX-listed Cue Energy Ltd, meanwhile, acquired additional 60% shares in Mahakam Hilir...