Vale divestment in Indonesian nickel unit expected to finish in July
Indonesia’s mining minister on Wednesday said divestment of Vale Canada Ltd and Sumitomo Metal Mining Co. Ltd’s shares in their nickel miner unit Vale Indonesia is expected to conclude in July.
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Indonesia’s Antam to start building new nickel smelter, HPAL plant in 2025
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing facilities next year under its partnership with China’s Ningbo Contemporary Brunp Lygend Ltd (CBL).
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Indonesia understates methane emissions from mining, report says
Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember.
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US imposes preliminary duties on aluminum extrusions from China, Indonesia
The US Department of Commerce announced on Tuesday preliminary countervailing duties on aluminum extrusions from China, Indonesia, Mexico and Turkey, citing unfair subsidies.
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Nickel may see deficit on Indonesia hurdles, Macquarie warns
The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd.
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MIND ID to acquire 14% stake in Vale Indonesia
Indonesia’s mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan’s Sumitomo Metal Mining, to become the top shareholder at one of the country’s largest nickel miners.
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Indonesia, Vale agree price for divestment, minister says
Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.
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Indonesia names two Chinese nationals as suspects in nickel fire
Indonesia named two Chinese nationals as suspects in an investigation into a deadly blast at a nickel smelter owned by top producer Tsingshan Holding Group.
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Visit: 108
Pressure groups sue LME for allowing trade of ‘polluting’ Indonesian metal
Two pressure groups have filed a legal action against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they allege is polluting local rivers used by indigenous communities, they said on Thursday.
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Nickel price extends slump on Indonesian glut as metals hit by Fed
Nickel extended a year-long slump as rising Indonesian supplies help create a glut, while other base metals declined on reduced bets that the Federal Reserve will cut interest rates next month.
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Nickel price crash seen extending Indonesia’s grip on supply
A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.
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Indonesia approves Freeport’s mining quota for 2024-2026
Indonesia has approved a mining quota for copper miner Freeport Indonesia totalling 219.8 million metric tons of copper ore for the next three years, a mining ministry official said on Tuesday.
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Indonesia approves Freeport’s mining quota for 2024-2026
Mining News Pro - Indonesia has approved a mining quota for copper miner Freeport Indonesia totalling 219.8 million metric tons of copper ore for the next three years, a mining ministry official said on Tuesday.
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Fatal blast in Indonesia puts battery metal ambitions in spotlight ahead of presidential vote
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Some 200 million Indonesians will vote for a new leader next month. The three campaigns still in the running have all backed the government’s policy on so-called downstreaming. But the Morowali disaster has thrown up criticisms of the price paid.
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Death toll at Indonesia smelter fire rises to 18, operation halted
The death toll from a fire at an Indonesian nickel smelter has risen to 18 as of Tuesday from 13 on Sunday, local police said, while operations at the smelter remain suspended as authorities investigate the cause of the incident.
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Mitsubishi, Freeport completes copper smelter expansion in Indonesia
Mining News Pro - Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its smelter facility in East Java.
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Vale to sell 14% stake in Indonesia unit
Mining News Pro - Vale will divest 14% of its stake in Indonesian nickel unit to fulfill the country’s divestment rules, mining minister Arifin Tasrif told reporters on Friday.
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Freeport Indonesia will need to slash output in 2024 if not allowed to export concentrate
Mining News Pro - Freeport Indonesia would need to reduce ore production by 40% in 2024 if the copper miner is not allowed to export concentrate before its smelter reaches full operating capacity, CEO Tony Wenas said on Tuesday.
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Indonesian tycoon said to weigh selling gold miner Archi
Mining News Pro - PT Rajawali Corp., an Indonesian conglomerate owned by tycoon Peter Sondakh, is considering selling its controlling interest in gold miner PT Archi Indonesia, according to people with knowledge of the matter.
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Freeport seeks to extend permit for exporting Indonesian copper
Mining News Pro - Freeport McMoRan Inc. will seek Indonesia’s approval to keep exporting mined copper beyond a May deadline to avoid building up stockpiles of concentrates as it ramps up output at a smelter it’s building at Jakarta’s request.
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Electric vehicles are fueling Indonesia’s green IPO boom
Mining News Pro - Indonesia isn’t exactly a stock trading hotbed. No other Southeast Asian country has a smaller market for equities relative to the size of its economy, according to the International Monetary Fund.
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Indonesia extends validity of mining production plans to three years
Mining News Pro - Indonesia will allow mining production plans to stay valid for three years with immediate effect, according to rules made public on Thursday, as it looks to beef up efficiency in quota approvals.
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Tesla supplier weighs Indonesia battery metal unit IPO
Mining News Pro - Chinese battery metals producer CNGR Advanced Material Co. is weighing an initial public offering of Indonesian assets as soon as the end of 2024, according to people familiar with the matter.
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Indonesian nickel smelters turn to Philippines for ore as local supply tightens
Mining News Pro - Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain.
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Visit: 122
Indonesia’s nickel prices surge amid probe into mining approvals
Mining News Pro - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.
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