State energy holding company Pertamina and PT Trans Pacific Petrochemical Indotama (TPPI) kicked off its maiden export of 10,000 tons of paraxylene, a petrochemical product, to China, according to a press statement received on Monday.
PT Panasia Indo Recources Tbk (HDTX) has recently signed a sales and purchase agreement for the divestment of all shares in two subsidiaries, PT Sinar Tambang Arthalestari and PT Bima Indo Perkasa. The agreement was signed on15 November 2018, in a deal worth Rp 322.39 billion.
Indonesian coal producers are cutting output in light of recently-imposed Chinese import restrictions and tumbling seaborne prices, sources from the region told Montel on Wednesday.
Indonesia’s environment ministry aims to resolve within two weeks environmental issues that have been holding up the state’s plans to acquire a majority stake in Freeport McMoRan Inc’s Grasberg copper mine.
State-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) is inches away from becoming the long-coveted mining holding firm and has prepared to deal with its first task at hand: acquiring gold and copper miner PT Freeport Indonesia (PTFI).
The government is preparing to make a detour from its course to acquire gold and copper miner PT Freeport Indonesia (PTFI), in which it might have to persuade Anglo-American miner Rio Tinto to sell its participating interest in Papua’s Grasberg mine, the world’s largest gold and second-largest copper mine.
The government has asserted that gold and copper miner PT Freeport Indonesia (PTFI) can only go public once a majority of its stock is controlled by national entities, including by a state-owned mining holding company that is slated to be formed by the end of November.
Gold and copper miner PT Freeport Indonesia (PTFI) has obtained antitrust permits from Japan and South Korea required for the entry of state mining holding company PT Indonesia Asahan Aluminium (Inalum), which will control a major stake in PTFI.
Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.
Indonesia's consumption of domestic coal for power generation will almost double from 84 million t in 2018 to 157 million t by 2027. This increases power generation's share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage.