PT Merdeka Battery Materials Tbk (MBMA) will go public on April 18, 2023. MBMA will offer up to 11 billion new shares issued from the company’s portfolio or 10.24% of the company’s total shares to the public through an initial public offering or Initial Public Offering. Public Offerings (IPOs). The MBMA share offering process will …
PT Vale Indonesia Tbk (INCO) and China’s Zhejiang Huayou CobaltCo (Huayou) announced an agreement with global carmaker Ford Motor Co. This creates a trilateral collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle (EV) batteries more affordable. The three companies made equity participation in the Pomalaa Block High-Pressure Acid Leach …
Legitimate! Vale Indonesia (INCO) and Huayou Form a Strategic Alliance with Ford Motor Read More »
The ASEAN Business Advisory Council (ASEAN-BAC) led by Arsjad Rasjid has carried out a roadshow to follow up on concrete projects in Manila, Philippines on 27-28 March 2023. This second roadshow was conducted to build dialogue between business and the government regarding potential partnerships in three areas . First, creating added value for nickel and …
Equally Rich in Nickel, Indonesia-Philippines Explore Electric Vehicle Projects Read More »
PT Indika Energy Tbk (INDY) and its subsidiaries posted a net profit of USD 452.67 million in 2022. This realization is equivalent to IDR 7.12 trillion (assuming an exchange rate of IDR 15,731). INDY’s profit grew 684.26% yoy compared to the 2021 period of USD 57.71 million. As a result, INDY’s basic earnings per share …
To The Moon, Indika Energy’s (INDY) Net Profit Fly 684 Percent in 2022 Read More »
PT Bumi Resources Tbk (BUMI), the largest coal company in Indonesia which is jointly controlled by the Bakrie and Salim Groups, managed to break the record for the highest revenue. Bumi Resources’ revenue reaches US$ 8.53 billion or the equivalent of Rp. 128.5 trillion in 2022. Revenue which includes the consolidated report of PT Kaltim …
Revenue Reaches IDR 128 T, Bumi Resources (BUMI) Breaks a Record! Read More »
PT Bank Rakyat Indonesia (persero) Tbk (BRI) is committed to supporting the success of the coal levy management program through Management Agency Partners (MIP). BRI Corporate Secretary Aestika Oryza Gunarto explained, the progress of establishing the Coal MIP is currently still in the draft phase of a Presidential Regulation. Aestika revealed that the association of …
BRI: Coal Channel Collection E-DMO Will be Launched in April 2023 Read More »
PT Aneka Tambang Tbk (ANTM) managed to reap a net profit which grew 105% to IDR 3.82 trillion, the company’s sales figures also rose 19.46% to IDR 45.93 trillion, from the previous IDR 38.44 trillion. Meanwhile, the company’s sales figure was dominated by domestic net sales which reached IDR 36.58 trillion, or 80% of the …
Nickel contract trading on the London Metal Exchange (LME) finally reopened at Asian hours, Monday (27/3/2023). The move marks an important attempt at repairing the market after last year’s unprecedented turmoil. Quoting Bloomberg, Monday (27/3/2023), LME opened for business at 01:00 London time, or more than a year after it suspended trading and canceled a …
London Metal Exchange Finally Opens Nickel Trading Again Read More »
The Corruption Eradication Commission (KPK) Monday (27/03/2023), searched the office of the Directorate General of Mineral and Coal (Ditjen Minerba) of the Ministry of Energy and Mineral Resources (ESDM) on Jalan Prof. Soepomo, Tebet, South Jakarta. According to the Head of KPK Reporting Unit Ali Fikri, the case currently being investigated by the KPK is …
PT Triputra Agro Persada Tbk (TAPG) said that this year it targets CPO production volume to reach 1.04 million tonnes. TAPG Corporate Secretary Joni Tjeng explained that it is estimated that the weather conditions in 2023 will be neutral. He noted that TAPG has also experienced a fairly good increase in CPO production in the …
Triputra Agro (TAPG) Pursue Production of 1.04 Million Tons of CPO This Year Read More »
