Media

  • 26 results found
  • 04 July 2018
    Freeport operating permit for Grasberg extended until end of July

    Grasberg is responsible for more than a quarter of Freeport’s total output. (Screenshot of Bando Tamayo’s video | YouTube.) Indonesia has extended a short-term operating permit for Freeport McMoRan’s (NYSE:FCX) vast Grasberg copper-gold mine until the end of July, while discussions over granting...

  • 04 July 2018
    Indonesia Extends Permit For Giant Freeport Copper Mine As Talks Continue

    JAKARTA – Indonesia has extended a temporary operating permit for Freeport McMoRan's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been...

  • 01 July 2018
    Indonesia’s Inalum close to acquiring Rio interest in Grasberg copper mine

    JAKARTA – Indonesia's state-owned miningholding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasbergcopper mine, government officials said on Saturday. Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's...

  • 26 June 2018
    Coal Mining Indonesia: Rising Output in 2018 on High, Stable Price

    This year's coal production in Indonesia is likely to top last year's figure of 461 million tons. In fact, coal production in 2018 may also exceed the production quota that was set by the Indonesian government as the nation's coal miners are eager to boost coal production amid...

  • 12 January 2018
    Indonesia to Dig Out 485m Tons of Coal in 2018

    Source: Adinda Putri, Jakarta Globe http://jakartaglobe.id/business/indonesia-fails-to-meet-its-coal-production-target/ Indonesian miners will dig out 485 million metric tons of coal at the most in 2018, up 5 percent from last year, according to a projection from the Ministry of...

  • 05 January 2018
    Coal Mining Update: Production, Export & Domestic Consumption

    Source: Indonesia-Investments https://www.indonesia-investments.com/news/todays-headlines/coal-mining-update-indonesia/item8468 Domestic coal demand in Indonesia is estimated - by the Indonesian government - to reach 114.51 million tons in 2018, up around 6 percent from estimated demand in 2017. Bambang Gatot, Director General for Coal and Minerals at the Energy and Mineral Resources Ministry, said coal-fired power plants remain the biggest domestic consumers of coal. Although coal demand from other domestic industries is rising, it remains small compared to demand that stems from power plants. In full-year 2018 local power plants are estimated to consume...

  • 23 October 2017
    Heavy Equipment Production & Sales on the Rise in Indonesia

    Source: Indonesia Investments https://www.indonesia-investments.com/news/todays-headlines/heavy-equipment-production-sales-on-the-rise-in-indonesia/item8306? Production and sales of heavy equipment in Indonesia is recovering more markedly in 2017 on the back of rising...

  • 01 July 2016
    NEW CONTRACT RESTRICTIONS FOR PMA IUJK COMPANIES – FOREIGN INVESTMENT DISCONNECT

    by Bill Sullivan INTRODUCTION A 2016 Minister of Public Works & Housing regulation restricts the right of PMA Companies to carry out construction work and construction related consultancy services. The new contract restrictions have the potential to greatly limit the...

  • 27 May 2016
    ESDM DRAFT NEW MINING LAW – A VERY MIXED BAG

    by Bill Sullivan INTRODUCTION A draft of Indonesia’s proposed new minerals and coal mining law (“New Mining Law”), as prepared by the Ministry of Energy & Mineral Resources (“ESDM”), was published by Hukum Online in early April (“April Draft Mining Law”). The April Draft Mining...

  • 11 May 2016
    Moratorium expected to salvage mining business

    The Jakarta Post A moratorium on mining permits may be the mining sector’s solution for keeping its head above water on the back of weak commodity prices. Data from the Energy and Mineral Resources Ministry show that there have been 10,364 mining licenses ( IUP ) issued, 3,960 of which carry a non-clean and...

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