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Oil-rich Middle-East countries are willing to secure crude oil market in Asia, among other by participating in refinery construction here. Some countries have already been targeted for investment. The Asian region has become a battlefield for Middle East countries to market their crude oil. With growing economy, wider area and
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Investment from the Middle East comes flowing into Indonesia. The infrastructure and energy sectors are also targeted. Partnership between PT. Pertamina and Saudi-based Aramco could be a start for bigger projections. Using a private jet, a group of Saudi businessmen landed at Lombok, West Nusa Tenggara on Friday, 18 December
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The Government is persistent in implementing the downstreaming policy in the mineral sector, despite many objections. Some smelters have already been operational amid worsening global economy and the drop of commodity prices. Until the end of 2015, there were only six smelters already in operation, out of the dozens that
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The grave situation surrounding the national coal industry seems to linger in 2016, predicted to be as sluggish as the year previously. The Government’s stimuli was proven as not too effective, as there is a steadily increasing number of companies declaring bankruptcy. Early 2015, there was a slight optimism
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Jakarta – TAMBANG. The Ad-Hoc Committee at the House of Representatives (DPR-RI) assigned to review the plan to dismiss Pertamina Energy Service (PES), discovered a sum of US$50 million collectible credit for Petral’s subsidiary. The number was exposed after the team visited PES head office in Singapore for investigation
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Jakarta-TAMBANG. Indonesia's coal production in the next five years would be based on the the Mid-Term National Development Planning (RPJMN in its Indonesian Abbreviation) 201 5-2019. By the year 2019 coal production will be cut back to 400 MT, of which 60% will be allocated for domestic needs.
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Jakarta-TAMBANG. The Indonesian Constitutional Court has dismissed the lawsuit filed by two associations regarding the mineral export ban posed early this year. The two claimant, Indonesian Bauxite and Iron Ore Mining Association (APB3I in its Indonesian abbreviation) and Indonesian Mineral Business Association (Apemindo), seek for another opportunity from the new
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Jakarta-TAMBANG. Starting next year, the government would provide easy access for both local and foreign companies to invest in Indonesia. The main focus is power generation and infrastructure sector. Azhar Lubis, the Investment Coordinating Board (BKPM) deputy chairman, told that next year the investment permit procedures would be much faster
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Jakarta - TAMBANG. PT Timah (Persero), Tbk (idx: TINS) sells its 90% shares of PT Tanjung Alam Jaya, a coal mining company. The US$ 30 million purchase was made by PT Duta Perwira Nusantara. TINS and its subsidiary, PT Timah Investasi Mineral, were the owner of Tanjung Alam Jaya with
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Jakarta-TAMBANG. This year's Environmental Performance Rating Program (PROPER in its Indonesian abbreviation) result was announced Tuesday (2/12). Nine companies earned the Gold title, which was the highest rank within the prestigious award system. Among those top listed companies, seven are doing business in the energy and mineral
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Jakarta – TAMBANG. The government has again raised the electricity tariff as of 1 September 2014, as part of the government’s policy to increase the electricity tariff base gradually since last May-July. Director General for Electricity of the ESDM Ministry, Jarman, estimated that the electricity tariff increase will save around
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Jakarta - TAMBANG. The Central Statistics Agency (BPS) has recorded mining export performance in the 1sthalf 2014 at only 12.81% or US$ 11.83 billion. This is down from last year’s figure of 17.13% or $ 15.6. Suryamin, Head of BPS,stated thatthis is mainly due to
