Tag: mining
Indonesia’s Timah Looking US$100M Loans from MIND ID
JAKARTA (TheInsiderStories) - Tin producer, PT Timah Tbk (IDX: TINS) is exploring a loan facility amounting to US$100 million from its parent, PT Indonesia...
Indonesia’s Indika Raises US$675M from Bond Issuances
JAKARTA (TheInsiderStories) - The coal miner, PT Indika Energy Tbk (IDX: INDY) has completed the issuance of global bond with total amount of US$675 million in...
Indonesia’s Coal Consumption for DMO Only 141MT in 2020
JAKARTA (TheInsiderStories) - Senior economic minister, Airlangga Hartarto, sees the absorption of coal for domestic market obligation (DMO) only reach 141 million tons (MT) of...
Indonesia’s ANTAM Reportedly to Increases Weda Bay Nickel’ Shares
JAKARTA (TheInsiderStories) - The state-owned miner, PT Aneka Tambang Tbk (IDX: ANTM) is reportedly planning to increase its ownership in a nickel producer, PT Weda Bay...
ANTAM, Vale Indonesia Declares the Potential Sumbawa
JAKARTA (TheInsiderStories) - A joint venture company (JVC) between PT Aneka Tambang Tbk. (IDX: ANTM) and Eastern Star Resources Pty. Ltd., PT Sumbawa Timur Mining found...
Vale Indonesia’s Production Rises 10% on the High Demand
JAKARTA (TheInsiderStories) - The miner, PT Vale Indonesia Tbk (IDX: INCO) reported a 10 percent increase in production to 55,792 metric tones (MT) of nickel in...
Moody’s Assigns Ba3 to Indika Energy’s US Dollar Bond
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) to Indonesian miner, PT Indika Energy Tbk (IDX: INDY), said the agency on...
Australia’s Asiamet Sell Indokal Shares to Wasesa Indo Nusa
JAKARTA (TheInsiderStories) - An Australian miner, Asiamet Resources Ltd., announced has entered into a non-binding heads of agreement with Indonesia' PT Wasesa Indo Nusa, to acquire...
Indonesia’s ANTAM Needs US$1.4B to Dredge Wabu Gold Mines
JAKARTA (TheInsiderStories) - Indonesian miner, PT Aneka Tambang Tbk (IDX: ANTM), need funds around US$1.4 billion to dredge the Wabu gold mines in Papua....
Indonesian Miner Must Creates Reserve Fund and Exploration Plans
JAKARTA (TheInsiderStories) - Indonesian miner are obliged to carry out further exploration accompanied by the preparation of mineral and coal reserve fund, said the official...
Indonesia’s Trinitan to Build Nickel Smelter in Central Sulawesi
JAKARTA (TheInsiderStories) - The issuer owned by the Tandiono family, PT Trinitan Metals and Minerals Tbk (IDX: PURE), has plans to build a nickel smelter...
Indonesia’s Indika Seeking Funds US$650M from Global Market
JAKARTA (TheInsiderStories) - The integrated oil and gas services company, PT Indika Energy Tbk (IDX: INDY) seeks fresh funds from global bond market by issue senior...
Indonesia’s Merdeka Copper Ready to Spends US$50M for Expansion
JAKARTA (TheInsiderStories) - Indonesian miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) targeting to spends US$50 million in the second half of this year. In the...
Indonesia’s Saratoga Sells Merdeka Copper Shares for US$14M
JAKARTA (TheInsiderStories) - Private equity firm, PT Saratoga Investama Sedaya Tbk (IDX: SRTG), reported has sold 131.90 million shares of PT Merdeka Copper Gold Tbk (IDX:...
Indonesia’s CPO, Mining Prices Mounts in August
JAKARTA (TheInsiderStories) - Indonesia set the reference prices for crude palm oil (CPO) products for the period September 2020 at US$738.07 a metric ton (MT) of...
Vale Indonesia Revises Up Nickel Productions to 73,700 MT in 2020
JAKARTA (TheInsiderStories) - Nickel producer, PT Vale Indonesia Tbk (IDX: INCO), has revised its production targets to 73,700 metric tones (MT) nickel in matte from...
Indonesia’s Merdeka Copper Eyes US$20M from Bond Market
JAKARTA (TheInsiderStories) - Indonesian gold miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) has plans to release local bonds Rp300 billion (US$20.54 million) for working capital...
Most of Astra Group Businesses Hit by the Pandemic
JAKARTA (TheInsiderStories) - Indonesian conglomeration company, Astra Group businesses is significantly affected by the COVID-19 pandemic, especially in the second quarter (2Q) of 2020. The issuer...
Vale Indonesia Sees Slowing Demand for Nickel and World Supply
JAKARTA (TheInsidersStories) - Nickel producer, PT Vale Indonesia Tbk (IDX: INCO) is projecting a slowdown, both in terms of demand and supply, as commodity...
Indonesia’s CPO and Mining Benchmark Prices Rises in July
JAKARTA (TheInsiderStories) - Indonesian government elevated benchmark price for several types of crude palm oil and mining products, said the government official today. The trade ministry...
Four Mining Companies Requires to Divest the Shares in 2020
JAKARTA (TheInsiderStories) - After Canadian Vale SA' unit, PT Vale Indonesia Tbk (IDX: INCO) has completed the divestment of 20 percent shares, there are four other...
90% Profit of Indonesia’s Bukit Asam Shared as Dividends
JAKARTA (TheInsiderStories) - Indonesian government decided 90 percent of profit state-owned coal miner, PT Bukit Asam Tbk (IDX: PTBA) in 2019 will distributes as dividend, said...
Indonesia Tycoon, Harum Energy Buys Nickel Mines Shares
JAKARTA (TheInsiderStories) - Indonesian tycoon, Kiki Barki and his coal mining company, PT Harum Energy Tbk (IDX: HRUM) acquired 3.22 percent Australian miner, Nickel Mines Ltd., to diversified...
Indonesia’s Medco Prepares Investment US$200M, Streamline the Assets
JAKARTA (TheInsiderStories) - Indonesian conglomeration firm, PT Medco Energi Internasional Tbk (IDX: MEDC), prepared capital expenditure more than US$200 million in this year, said the CEO...
Indonesia’s MIND ID Eyes Fresh Funds From Global Bond
JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (MIND ID), a state-owned miner, looking fresh funds from global bond market. The proposed senior notes get Baa2 with...
Indonesia’s Citra Mineral Raises US$92M from Rights Issue
JAKARTA (TheInsiderStories) - Indonesian miner, PT Cita Mineral Investindo Tbk (IDX: CITA) its targeting raises Rp1.3 trillion (US$92.86 million) fresh funds from the rights issue. The...
Indonesia’s MIND ID Boost the Production to Curb Import
JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminum (MIND ID), a state-owned miner, aimed to boost the production around 500,000 tons of aluminum per annum to...
MIND ID Prepares US$500M to Acquire Vale, Moedak Appoints as CEO
JAKARTA (TheInsiderStories) - Indonesian miner, PT Indonesia Asahan Aluminium (MIND ID) prepared funds US$500 million to acquire 20 percent stake of PT Vale Indonesia...
Indonesia’s Golden Energy Conducts Rights Issue to Meet Free Float Rule
JAKARTA (TheInsiderStories) - Indonesian miner, PT Golden Energy Mines (IDX: GEMS) plans to conduct right issue to increase the public ownership at the Indonesia...
Indonesia’s Mining, CPO Prices for Export Rises in May
JAKARTA (TheInsiderStories) – Indonesian government elevated benchmark price for several types of mining products, crude palm oil, and cocoa beans, said the government official on Thursday...
