Nickel Groups of Indonesia (4)
Some emerged as nickel players because of their ability to get nickel mining area previously studied or explored by Vale Indonesia (INCO). Over the years, Vale relinquished tens of thousands of hectares to the State. Some blocks have been taken, but winners of the recent auctions yet to be announced.
Nickel Groups of Indonesia (3)
One group with around 50,000 hectares of nickel concession in Central and Southeast Sulawesi province has been widely linked to retired military and police officers. During the presidential election campaign in 2019, Lt General (ret) Prabowo Subianto, then candidate, was said owner of the group. Prabowo’s camp, of course, strongly denied.
Nickel Groups of Indonesia (2)
Compared to state-owned mining company Aneka Tambang (ANTM), which sits over a huge nickel resources, some private-owned groups have been more aggressive in developing their reserves. These groups not only developed nickel pig iron (NPI) and ferronickel (FeNi), but nickel and cobalt sulphates, which are key precursors for electric vehicle (EV) batteries.
Nickel Groups of Indonesia (1)
Interest in electric vehicle ecosystem continues to grow. Indonesia is a hotspot in the ecosystem because of its nickel resources. Who controls the resources? We have identified some groups or business families with interest in the sector.
SWF Key Persons: The Supervisors
The House of Representatives (DPR) confirmed three names promoted by President Joko ‘Jokowi’ Widodo as members of the supervisory board of the newly established Sovereign Wealth Fund (SWF). They are Darwin Cyril Noerhadi, Yozua Makes, and Haryanto Sahari. Who are they?
Stephen Ignatius Suharya passes away
Just four months after the passing of his father Athanasius Tossin Suharya (Yo Tae Siang), popular as AT Suharya, Stephen Ignatius Suharya passed away on Sunday (Jan 17, 2021) at 48 years old. Stephen is Chief of Marine Business of Baramulti Group, one of major coal players in the country.
An Update on Joker’s Case
The trial of cases related to Joko Tjandra will end soon. In the forgery case, all defendants have been found guilty. While in the bribery case, the intermediary in the case one Tommy Sumardi, Joko’s friend and in-law of Malaysia’s ousted Prime Minister Najib Razak, has been found guilty. We are still waiting for the verdict on Joko and the two police generals (Prasetijo Utomo and Napoleon Bonaparte) who are indicted for receiving approximately Rp9 billion in exchange for helping to erase Joko’s name from the fugitive list. Separately, the trial in the case of conspiracy with key defendant prosecutor Pinangki Sirna Malasari continues. After nearly four months of proceedings, the prosecutors had read their demands for Pinangki. But the demands are far from public satisfaction.
Oesman Soedargo passes away
Oesman Soedargo, co-founder of PT Prasidha Aneka Niaga (PSDN) Tbk, has on Monday (Jan 11) passed away in Jakarta. Prasidha is engaged in trading of agricultural commodities (coffee and natural rubber). In the period of Jan-Sep 2020, Prasidha generated Rp631.9 billion of sales revenues, dropped significantly from Rp988.9 billion in the corresponding period of 2019.
Sukamto Effendy passes away
Sukamto Effendy, co-owner of PT Putra Dermawan Pratama, a company granted nickel concession within the area previously controlled by PT Valle Indonesia Tbk (INCO), has on January 4th, 2021 passed away in Jakarta.
Revisiting CMNP
Toll road developer PT Citra Marga Nusaphala Persada Tbk (CMNP) started 2021 with the signing of two major contracts to build the Ancol Timur-Pluit (Elevated Toll Road) or otherwise known Harbour Road II (HBR II) in North Jakarta and Section VI of the Cileunyi-Sumedang-Dawuan (Cisumdawu) Toll Road in West Java.