PT Petrindo Jaya Kreasi Tbk (CUAN) has finalized an acquisition of a stake equalling 19.74% in PT Singaraja Putra Tbk, or SINI, according to reports in Indonesia from Bloomberg and IDN Financials. The shares, according to the outlets, were acquired through CUAN’s subsidiaries and affiliated entities, resulting in total indirect ownership of close to 20% in SINI. The transaction marks…
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Indonesia kicks off new year with coal levies
Indonesia aims to start implementing levies in January to help compensate coal miners selling to the state utility Perusahaan Listrik Negara (PLN) at reduced prices, reported Reuters. The plan follows a coal supply crunch at local power plants that forced the country to temporarily halt exports in early 2022. “This will create fairness and a level playing field,” said Energy…
Read MoreVale to sell stake in Indonesian unit
Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters. The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…
Read MoreThiess ramps up truck rebuilding in Asia-Pacific
Thiess has secured a lease for a new facility at Kabil Integrated Industrial Estate on Batam Island, Indonesia, allowing the global mining services provider to expand its truck and component rebuilding capabilities on a large scale. The company said it has an extensive fleet of mining haulage trucks in Indonesia and Australia, including more than 650 that will reach the…
Read MoreNickel Industries clears path to becoming nickel leader
Nickel Industries said it has completed the acquisition of 10% equity interests in two producing assets from Shanghai Decent: the Huayue Nickel Cobalt and Oracle Nickel projects in Indonesia. The transaction increases the miner’s stake in Oracle Nickel to 80%. Read the full story here.
Read MoreTrapped workers at illegal Indonesian mine feared dead
Eight people trapped in an illegal gold mine on the Indonesian island of Java are feared dead, reported news agency AFP. Read the full story here.
Read MoreNickel Industries switches on Indonesian power plant
Nickel Industries has commenced commissioning of its 380-MW power plant within the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi, which will power the miner’s Oracle Nickel project. Full story.
Read MoreHengjaya mine moves to Top 10 global nickel resources
Australian miner Nickel Industries said that based on an updated JORC-compliant mineral resource, its Hengjaya mine in Indonesia is “amongst the top 10 global nickel resources.” Read full article.
Read MorePower plant commissioning starts at Angel Nickel site
Nickel Industries has confirmed the commencement of commissioning of a 380-megawatt power plant at its 80%-owned Angel Nickel project at the Weda Bay Industrial Park (IWIP) on Halmahera Island, North Maluku province, Indonesia. Read full article.
Read MoreLiebherr introduces PR 776 dozer to Indonesia
Liebherr has commissioned the first PR 776 mining dozer in Indonesia at a copper and gold mine. View full article from The Asia Miner.
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