TPT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate Share Purchase Agreements in 2nd half of September 2017 with each of Samtan Co., Ltd. and PT Muji Inti Utama, respectively, to purchase 40.0% of PT Kideco Jaya Agung (“Kideco”) from Samtan and 5% of Kideco from Muji for an aggregate total consideration of US$677.5 million.
Coal mining company, PT Garda Tujuh Buana Tbk (GTBO), has been seeking for new customers to increase its revenue until the end of 2017. The management has also maintained expenses and reduced operational costs in line with the target.
The Indonesian unit of U.S. miner Freeport McMoRan Inc can continue to export copper concentrate even if negotiations over the company’s permit to operate the giant Grasberg mine are not resolved this month, a mining ministry official said.
Canadian-born and Indonesian-raised Phil Rickard straddles two worlds. Having lived in Jakarta from age 11, and enrolled in both Indonesian and American schools, the chief executive officer of SGX-listed BlackGold Natural Resources is passionate about South-east Asia's largest economy.
With just over two months left before the end of this year, coal miner PT Baramulti Suksessarana (BSSR) is poised on increasing production and diversifying its export market to improve its bottom line.
Bangka Belitung Governor Erzaldi Rosman Djohan announced his decision on moratorium in tin mining license to improve control of the mining of the mineral in the province.
Indigenous peoples in Papua are seeking a role in the next stage of negotiations between the central government and United States mining giant Freeport McMoRan (FCX) with the latter set to relinquish its controlling stake in gold and copper miner PT Freeport Indonesia (PTFI).
Indonesian firm Intra Asia Indonesia has entered a deal to build a coal import port in southern Vietnam, local reports said. The project will involve a $1bn investment to build a port with capacity of 15m to 20m tons of coal per year.
The government has requested that gold and copper miner PT Freeport Indonesia, a subsidiary of United States-based Freeport McMoRan.inc, sell its shares to Indonesian state-owned enterprises after the company agreed to divest 51 percent of its shares.