In a move certain to upset environmental activists, the Supreme Court has sentenced Heri Budiawan, an opponent of gold mining in Banyuwangi, East Java, to four years in prison, far longer than the 10 month sentence handed down by the lower courts.
Indonesia's non-tax state revenues from the mineral and coal sub-sector reached Rp41.77 trillion as of Nov 16, 2018, an official said.
The government recently responded to Papua Governor Lukas Enembe’s opposition to the assignment of PT Indocopper Investama (PTII) as the company that would accommodate 10 percent of gold and copper miner PT Freeport Indonesia’s (PTFI) shares that had been allocated for Papua.
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.