President Joko “Jokowi” Widodo announced on Friday that Indonesia became the majority owner of PT Freeport Indonesia (PTFI) after increasing its share ownership from 9.36 percent to 51.23 percent through a US$3.85 billion deal.
The Energy and Mineral Resources Ministry has fixed this year’s coal domestic market obligation (DMO) rate at 25 percent of each mining company’s production with a selling price of US$70 per ton for power production.
Indonesia has launched the operation of its largest coal-fired power unit to date, which offset all renewable energy power progress in the Southeast Asian country last year.
Ku-band Direct Satellite Internet is transforming communications across the Asia regions serving a broader base of customers with a multitude of solutions. MegaSatCom is delivering a cost-effective, high speed broadband Ku-Band Satellite internet (up to 20Mbps +) to maritime vessels, hotels, businesses, vehicles, oil rigs, mines, resorts and private homes.
Environmental activists have criticized President Joko “Jokowi” Widodo for rolling out the red carpet to mining investors at the expense of local people and have called for abstention during the 2020 regional elections as a form of protest.
The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel.
PT Bumi Resources Tbk. (“BUMI”) and business units, PT Kaltim Prima Coal (KPC) jointly won the Gold Rank in the Asia Sustainability Reporting (ASR) Rating 2019 from the National Center for Sustainability Reporting (NCSR) in collaboration with the Institute of Certified Sustainability Practitioners (ICSP). The award was presented by the Executive Director of NCSR Mr Ali Darwin and Chairman of ICSP Prof. Eko Ganis Sukoharsono at the ASR2019 Awards which took place in Bali (11/23/2019).
Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has said Indonesia will fight the European Union's lawsuit on the country’s nickel export ban.
The Martabe gold mine in North Sumatra – the only gold mine in the province – was awarded the rank of Platinum at the 2019 Asia Sustainability Reporting Rating (ASRRAT) event in Nusa Dua, Bali, on Saturday.
Global coal power generation is expected to decline in 2019, but that is unlikely the start of a lasting trend as demand for the fuel will remain stable due to rising appetite in India coal, with growth pegged at 4.6% through 2024, and other Asian countries offsetting declines in the US and Europe, the International Energy Agency said in its latest coal markets analysis Tuesday.