Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses.
The growing number of electric cars in the country has fueled battery storage use and is projected to boost coal demand in the near future. A few number of countries, including Indonesia and Thailand, are currently developing energy storage technologies to support the use of electric cars.
With the nickel market focused on the electric vehicle (EV) battery story this year, changes in nickel ore-producing countries such as Indonesia and the Philippines have lessened their effect on nickel prices.
The Extra Ordinary General Meetings of Shareholders of three state-owned enterprises; namely PT Aneka Tambang (Persero) Tbk (ANTM), PT Bukit Asam (Persero) Tbk (PTBA), and PT Timah (Persero) Tbk (TINS) approve the change of the companies’ Articles of Association pertaining to the change of company status from Limited Liability to Non-Limited Liability.
Publicly listed construction firm Nusa Konstruksi Enjiniring has partnered with Perth-based mining contractor MacMahon Holdings on the development of a gold and copper mine at Mount Tumpangpitu in Banyuwangi, East Java.
Newmont announced plans to boost its dividend by at least 50% for 2018 “We expect to deliver steady gold production at competitive costs over the next five years, and to continue investing in margin and Reserve growth. This commitment is backed by our proven strategy and track record and our differentiated technical and operating talent, project pipeline and global footprint.”
State-Owned Enterprises (SOEs) Minister Rini Soemarno has signed on Tuesday a document officiating the establishment of state-owned aluminum producer PT Indonesia Asahan Alumninium (Inalum) as the holding company of state mining companies.
State-owned PT Indonesia Asahan Aluminium (Inalum), which has been appointed to lead a state-owned mining industry holding, has said that it will focus on purchasing 40.64 percent shares of gold and copper miner PT Freeport Indonesia (PTFI).