Indonesia plans to open up more sectors to foreign investors and reboot its stringent labor laws to become a regional manufacturing powerhouse rivaling Germany and South Korea.
Indonesia Mining News
The outlook comes after China's Tsingshan Group surprised the market last year with a low-cost estimate and short time frame to launch a $700 million plant on the Indonesian island of Sulawesi.
Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years.
The company is reportedly working with advisers to list in Jakarta as early as the fourth quarter.
Indonesia's first plant to produce battery-grade nickel is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months.
Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020.
Mining operation is running normally despite the incident, says the company.
Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April.
Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.
Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.
Foreign-controlled miners are required to gradually start reducing ownership after five years of production.
Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year.
The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal.
Freeport was given an allowance of 198,282 wet tonnes of copper concentrate, while Amman was given 336,100 wet tonnes.
Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.
The decline in the March benchmark was due to low demand in China.
Tension between Beijing and Canberra has grown in recent months over issues of cyber security and China's influence in Pacific island nations.
Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.
Maintenance and slower ramp-up last year caused a reduction in copper cathode output by 26,000 tonnes.
The proposed tariff, would fall to 18% in the second year and 14% in the third year.
"Current price moves are a knee jerk reaction to the Vale news," said BMO Capital Markets analyst Kash Kamal.
Indonesian officials targeting 20% EV production by 2025.
"It feels like the penalties are not balanced" - Hendra Sinadia, Indonesian Coal Mining Association.
This project refines the key raw material for the preparation of ternary power batteries from the laterite nickel ore – battery-grade nickel-cobalt raw materials.
Concentrate shipments from Indonesia's Grasberg mine, will drop because of a lag in output while operations shift from open pit to underground mining.