Corruption Eradication Commission (KPK) investigators handed over a dossier on former Southeast Sulawesi governor Nur Alam, who is a suspect in a bribery case related to several mining licenses, to prosecutors on Tuesday.
Publicly listed mining and energy services firm PT Ancora Indonesia Resources aims to seal a deal worth US$2 million this month to take over the West Lombok gold and copper mine in West Nusa Tenggara from Canadian mineral exploration company Southern Arc Minerals (SAM).
PT Bruder Konstruksi Nusantara (BKN) in conjunction with PT. Borneo Prima Coal Indonesia (BPCI) are proud to announce that work commenced on the Stage 1 site mobilization on September 26, 2017 at BPCI’s Muara Teweh coal project in Central Kalimantan.
Indonesia's Ministry of Energy and Mineral Resources set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at a 10-month high of $93.99/mt, up 2% on the month and 36.1% higher year on year.
Finance Minister Sri Mulyani has said that the negotiations between the government and gold and copper mining company PT Freeport Indonesia are now focusing on efforts to increase state revenue and investment certainty for the company.
PT Kapuas Prima Coal, a mineral mining and processing company, has seen its shares soar by 70 percent to Rp 238 (US$0.018) per share from its initial listing of Rp 140 per share, upon its debut on the Indonesia Stock Exchange (IDX) on Monday.
Indonesian coal benchmark price surges 2.13% in October month over month, the latest ministerial decree showed.
The government has extended the deadline for United States-based mining giant Freeport-McMoRan (FCX) to meet its divestment obligation to the first quarter of 2019 — three months longer than the previous time limit — following a longer-than-expected negotiation between both parties.