Indonesia Mining News

Indonesia chases manufacturing hub dream as commodities wither

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.

Nickel shortage in view unless China-led projects in Indonesia succeed — analysts

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 plans no dividend hikes, M&A for 2 years to focus on Grasberg – CEO

Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years.

Indonesian gold miner Amman is said to consider $600m IPO

The company is reportedly working with advisers to list in Jakarta as early as the fourth quarter.

Indonesia battery-grade nickel plant awaits environmental nod

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 battery-grade nickel plant awaits environmental nod-developer

Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020.

Two injured, two others missing after mudslide at Freeport's Grasberg mine

Mining operation is running normally despite the incident, says the company.

Vale Indonesia targets 74,000 T nickel in matte output in 2019

Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April.

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.

Chinese go-slow on Australian coal imports may be starting to show

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.

Six foreign-controlled miners to start divestments in 'near future' – Indonesia

Foreign-controlled miners are required to gradually start reducing ownership after five years of production.

Indonesia's Antam 2018 profit surges on robust nickel sales

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.

Japan's Sojitz to sell stake in Indonesia's thermal coal mine

The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal.

Indonesia issues copper concentrate export recommendation for Freeport, Amman Mineral

Freeport was given an allowance of 198,282 wet tonnes of copper concentrate, while Amman was given 336,100 wet tonnes.

Tin's bright electric future poses supply problem

Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.

Indonesia lowers coal benchmark price for 7th month in March

The decline in the March benchmark was due to low demand in China.

Chinese traders freeze Australian coal orders amid 40-day customs delays – sources

Tension between Beijing and Canberra has grown in recent months over issues of cyber security and China's influence in Pacific island nations.

Grasberg hasn't received new copper export permit

Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.

Mitsubishi Materials cuts sales estimate for Indonesia copper smelter

Maintenance and slower ramp-up last year caused a reduction in copper cathode output by 26,000 tonnes.

Indonesia plans 22% "safeguard" tariff on aluminium foil – WTO filing

The proposed tariff, would fall to 18% in the second year and 14% in the third year.

Climbing nickel output to cast shadow on prices

"Current price moves are a knee jerk reaction to the Vale news," said BMO Capital Markets analyst Kash Kamal.

Indonesia plans electric vehicle incentives for foreign car makers

Indonesian officials targeting 20% EV production by 2025.

Indonesia releases new rules on export revenue repatriation

"It feels like the penalties are not balanced" - Hendra Sinadia, Indonesian Coal Mining Association.

China's Tsingshan, partners start work on Indonesia battery materials plant

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.

Exports from world's second-largest copper mine to drop 85%

Concentrate shipments from Indonesia's Grasberg mine, will drop because of a lag in output while operations shift from open pit to underground mining.