XCMG brought all-new mining equipment to Mining Indonesia 2019, last month, as it went on the charm offensive in one of the major markets for mining trucks and shovels.
Lawmaker and former Purwakarta regent Dedi Mulyadi has called on the Purwakarta regency administration in West Java to revoke the permit of a stone mining company that recently blew up a cliff, causing large fragments to fall on residents’ houses.
State-owned mining holding company Inalum has signed an agreement to acquire a 20 percent stake in publicly listed nickel miner Vale Indonesia as part of the mandatory divestment program.
The government has decided to task state mining holding company Indonesia Asahan Aluminium, or Inalum, with buying a 20 percent stake in Vale Indonesia, paving the way for government ownership of a substantial piece of the largest nickel producer in the country.
Copper and gold mining company PT Freeport Indonesia spent up to US$151.7 million as of July to finance the development of its copper smelter in Gresik, East Java.
Sea disposal of mining waste could spread as Indonesia weighs adopting the technique for new nickel projects, as Papua New Guinea is doing for a gold mine proposed by Australia’s Newcrest Mining.
The government’s coal reference price, better known as HBA, continues its declining trend in line with lower international prices, with the October HBA set by the government at US$64.8 per ton, down 1.5 percent from the September HBA of $65.79 per ton.
China’s coal imports in September dropped 8.1% from a month earlier, as traders held up purchases amid an increase in domestic supply and slowing demand for the fuel from power generation companies.
Nickel prices have surged to the highest levels in five years amid global supply fears stemming from Indonesia, the world’s largest nickel producer.
* The Indonesian government on Monday lowered the coal benchmark price (HBA) for September to $65.79 per tonne, the lowest since October 2016, an energy ministry spokesman said.