May 2023

Indo Tambangraya (ITMG) Coal Sales Volume Grows 4.6% in the First Quarter of 2023

The operational performance of PT Indo Tambangraya Megah Tbk (ITMG) has managed to grow. As of the first quarter of 2023, ITMG’s total coal sales volume reached 4.5 million tons. This number is up 4.6% from sales in the same period last year of 4.3 million tons. A total of 1.4 million tonnes of this …

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The CPO Exchange will close in June 2023, here are the rules for exports

The Head of the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade (Kemendag), Didid Noordiatmoko has established a Crude Palm Oil or CPO exchange policy. The policy stated that only 15,111,000 CPO commodities with the HS code entered the stock exchange, and only 10 percent of the total CPO exports. “So if …

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Indonesia Cuts Tax Incentives to Reduce Low Quality Nickel Investment

Indonesia cut tax incentives to put the brakes on investment in low quality nickel products. Indonesia wants to benefit as much as possible from its nickel resources and encourage further downstream investment. Reporting from Reuters, this was revealed by Minister of Investment Bahlil Lahadalia when interviewed by the news agency on Wednesday. The government is …

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