Indonesia's bid to add value to its mineral exports will dilute copper miner Freeport's benchmark status for annual contracts as its 2024 sales will fall short of levels needed for a global ...
As Ernest says, the nickel story is an Indonesian story. In 2022, global production of nickel hit approximately 3.3 million tons. And fully half of that came from Indonesia.
Indonesia will impose an export ban on copper concentrate from June, a policy meant to force miners to invest in smelting facilities at home. The government wants miners to sell products with ...
The statement said Vale Indonesia will issue 603 million new shares under a rights issuance. Vale Canada, Sumitomo and Vale Japan will relinquish their entitlement of the rights issue to MIND ID.
Freeport last week launched its $3.7 billion copper smelter in Gresik, East Java, which has a total input capacity if 1.7 million metric tons, but the company said it will only reach full capacity ...
Australia's resources and energy exports are forecast to reach $450 billion in 2022-23 according to the Department of Industry's September 2022 projections, surpassing last …
Vale and Huayou plan to build a $1.8 billion HPAL plant in Sorowako, South Sulawesi, to produce 60,000 tonnes of nickel. Vale Indonesia signs HPAL deal with China's Huayou - MINING
The southern African nation, one of the top crude producers on the continent, has become a focus for the US in its campaign to secure critical minerals such as copper as it competes against China.
Exempted from the country's ban on raw mineral exports, Freeport Indonesia was granted an export license on July 24 for 1.7 million metric tons of copper concentrate, the company said in a US ...
1.1 What regulates mining law? Indonesian mining law is regulated under Law No. 4 of 2009 on Mineral and Coal Mining, as amended by Law No. 3 of 2020 on the Amendment to Law No. 4 of 2009 on Mineral and Coal Mining, and Law No. 6 of 2023 on the Stipulation of Government Regulation in lieu of Law No. 2 of 2022 on Job Creations, …
The Philippines' mining-friendly policies have opened up opportunities for Australian mining equipment, technology and services (METS) providers. ... Total export value for 2020–2022 was US$18.7 billion or 8.51% of the country's total exports. The Administration wants mining in the Philippines to adhere to responsible and sustainable ...
Mining accounted for 17% of exports in 2013, but this fell to around 13% from 2014 to 2016 after the implementation of the export ban. The sector's contribution to exports climbed again from 2017, and reached 16% in 2018, but most additional revenue came from higher global prices for exports.
Dates: 11 – 14 September 2024 Location: Jakarta International Expo, Kemayoran, Indonesia Mining Indonesia is Asia's largest international mining equipment exhibition and provides a professional platform for Indonesia's mining industry to do business. Now in its 22nd edition, Mining Indonesia is a highly focused mining and minerals recovery …
The government has had to push back its plans for an export ban several times as the local unit of Freeport McMoRan Inc., the world's top listed copper producer, kept seeking extensions for a ...
Indonesian Production of Coal and Minerals. In 2022, the coal production target has been set at 663 million tonnes. Initially, Indonesian miners were expected to struggle to meet this target due to coal export restrictions imposed by the Indonesian Government in January 2022 to tackle the issue of lack of domestic coal supply for power stations.
Mining contributed a record A$455bn ($298.64bn) in export revenue for Australia in the 2022–23 financial year, according to recent data from the Australian …
Export Finance Australia (EFA) and Indonesian state-owned electricity company, PT Perusahaan Listrik Negara (PLN), have strengthened their cooperation …
The Sydney-based firm began its life in Indonesia mining what was then a remote nickel deposit on Sulawesi, east of Borneo, but was forced to stop operations when the government banned the export ...
Indonesia is the world's largest nickel producer and produces significant quantities of copper, cobalt, tin, and gold. In 2023, mining contributed to 11.9 percent of Indonesia's gross domestic product. Over the last 15 years, Indonesia has imposed—and at times loosened—bans on raw resource exports and local ownership requirements.
This report by ADB provides an overview of the energy sector in Indonesia, including its context, challenges, and opportunities. It also outlines the sector strategy, policy, and …
Indonesia announced last year it would ban exports of unprocessed ore by 2023 to spur higher value smelting industries in the country, and that only miners with refining facilities that were ...
The $1.3 billion boost will increase the capacity of Australia's Critical Minerals Facility to finance mining and ... fuel exports in a decarbonizing world. Australia's lithium shipments were ...
Eligible businesses can apply for free support to export mining equipment, technology and services to Indonesia. Applications closed on Sunday 4 June ... The 2020 Indonesia–Australia Comprehensive Economic Partnership Agreement (IA-CEPA) is helping Australian METS companies to grow exports. ... In-person attendance at …
Mining contributed a record A$455bn ($298.64bn) in export revenue for Australia in the 2022–23 financial year, according to recent data from the Australian Bureau of Statistics (ABS).. This figure represents two-thirds of all export revenue for the nation and is a 10.5% increase on 2021–22, which was the previous record year.
Indonesia is keen to partner with Australia as it strives towards becoming a global electric battery and vehicle manufacturing hub.
Coal-fired power makes up more than 50% of Indonesia's energy supply and the government last year set a more ambitious target to cut emissions 31.89% on its own, or 43.2% with international ...
The World Trade Organization ruled in favor of the European Union in a dispute over a ban on nickel ore exports with Indonesia, prompting Indonesia's president to say his country would appeal.
An increase in demand and downstream processing in Indonesia is set to create fresh opportunities for Australian companies in the mining equipment, technology and services (METS) sector. This …
The government's plan to fully ban the exports of copper concentrates has worried the Indonesian Mining Association (IMA) over the fate of around 40,000 workers in the industry. The IMA raised concern over the government's unlikeliness to complete the downstream industry before the planned deadline of June 2023.
Indonesia is planning to "hit the brakes" on the export of all raw commodities in an effort to attract investment in onshore resource processing and create jobs, President Joko Widodo said on ...
Failure to do so results in sanctions, including export suspension and fines. Citing a government document, CNBC Indonesia said 34 miners had been temporarily banned from exporting.. In an Aug. 7 ...
The export suspension on Jan. 1 came after state power utility PLN reported critically low inventory levels of the fuel, sending global coal prices higher last week and prompting calls by Japan ...
Indonesia is already the world's largest producer of nickel and the second largest producer of tin. Ore export bans and downstream processing. Mining is a key contributor to Indonesia's GDP. Since 2014, the Indonesian Government has banned exports of certain raw mineral ores to encourage onshore processing.
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 ...
The current royalty tariff for tin is set at 3% and imposed on production but based on the sale price. Ridwan said the government wanted to charge higher tariffs when prices were rising.
Australia's mining sector makes up more than 13% of the country's gross domestic product and benefitted from the global spike in the price of commodities following Russia's invasion of Ukraine in 2022. The supply side-driven surge has since worn off. Australia hopes to gradually produce less coal and iron ore over time but increase …