12:54 pm September 25, 2014 | No Comment
The Asian Development Bank trimmed its growth forecast on Indonesia’s economy to 5.3 percent from 5.7 percent previously, citing weak commodity prices and the government’s policy to stabilize the economy.
4:49 pm September 22, 2014 | No Comment
Newmont Nusa Tenggara, the local arm of US Newmont Mining, secured an export permit from the Trade Ministry on Monday that will allow it to make its first export of copper concentrates in eight months.
7:59 pm September 19, 2014 | No Comment
Indonesia will increase the amount of cattle that it imports from Australia in the fourth quarter in order to build up stocks for the first quarter next year, as it braces for a demand surge from other cattle-importing countries in the near future, a Trade Ministry official said.
8:37 am September 17, 2014 | 1 Comment
Legislators are making life difficult for the next administration by rewriting the draft state budget and inserting assumptions that many will dismiss as shooting for the moon.
4:38 pm September 16, 2014 | No Comment
The Indonesian government has asked Newmont Nusa Tenggara to reevaluate the possibility of building its own smelter rather than on relying on Freeport Indonesia to process its copper concentrate, according to an Energy and Mineral Resources Ministry official.
8:06 pm September 3, 2014 | No Comment
President Susilo Bambang Yudhoyono will have to entrust his flagship Masterplan for Acceleration and Expansion of Indonesia’s Economic Development, or MP3EI, to his successor, President-elect Joko Widodo.
5:49 pm September 3, 2014 | No Comment
State Enterprises Minister Dahlan Iskan said that the government has picked an executive from Pertamina to serve as its interim chief as Karen Agustiawan steps down as president director next month.
9:09 pm September 2, 2014 | No Comment
State energy firm Pertamina will seek to renegotiate the terms of its agreements with government for exploiting coal bed methane, according to Pertamina’s upstream director Muhamad Husen.
8:38 pm September 1, 2014 | No Comment
Sukhyar, director general for coal and mineral resources at the Ministry of Energy and Mineral Resources, said all the revised mining and coal contracts of works should likely be concluded by January next year.
7:59 pm September 1, 2014 | No Comment
Garuda Indonesia, the country’s flag carrier, plans to focus on expanding its subsidiaries in order to boost business overall, according to chief executive Emirsyah Satar.
8:19 pm August 29, 2014 | No Comment
Benakat Integra, a listed energy firm, posted higher profit in the first half of this year on rising revenue.
8:35 pm August 28, 2014 | No Comment
Government ministries and law enforcement agencies are pledging on more coordinated efforts and firm supervision of the mining sector to minimize illegal and unlawful practices.
8:03 pm August 28, 2014 | No Comment
The Indonesian government has rejected a proposal from the South Korea government to remove tariff barriers for sensitive products during a discussion on the Asean-Korea Free Trade Agreement.
8:38 pm August 27, 2014 | No Comment
The potential financial return of the infrastructure project offered by the Indonesian government to the private sector was viewed as not being attractive enough, which might keep the Chinese from making huge investments in the country’s massive infrastructure developments.
8:27 pm August 27, 2014 | 14 Comments
Newmont Mining might regret its decision to have taken Indonesia to arbitration court with the Arizona-based miner now being left behind by its fellow miners in renegotiation talks with the Indonesian government.
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