End of the year! Jokowi’s actions may cause Chinese industry to languish

Jakarta, CNBC Indonesia – Indonesian President Joko Widodo (Jokowi) has officially banned exports of bauxite ore overseas as of June 2023. The ban on bauxite ore strengthens the provisions of Law No. 3 of 2020 on Ore and Coal Mining (Minerba ). Jokowi’s declared export ban should no longer be news. This is because goods … Read more

CS bauxite exports may be halted since 2014, observer: Only Jokowi is brave

Jakarta – The government has banned the export of bauxite ore as of June 2023. The export ban of this raw material is aimed at boosting downstream production. Previously, the nickel export ban led to a lawsuit at the World Trade Organization (WTO). However, the government continues this policy. Gadjah Mada University (UGM) energy economics … Read more

Jokowi today announces the halt of exports of new raw materials

Jakarta – President Joko Widodo (Jokowi) announced that some raw materials would be blocked for export. This information will be officially announced today. “And today we will add more, if yesterday it was nickel, today we will announce again a commodity that we have from here. I will announce it again, to stop this! Because … Read more

MIND ID Net Profit Soars 687% to Rp 14.33 T in 2021!

Jakarta, CNBC Indonesia – Holding of the State-Owned Mining Company (BUMN), Mining Industry Indonesia aka MIND ID, recorded a surge in net profit throughout 2021. MIND ID’s net profit in 2021 jumped 687% to Rp 14.33 trillion from Rp 1.82 trillion in 2020. MIND ID President Director Hendi Prio Santoso said, “The company’s positive performance … Read more

Jokowi Bans Bauxite Exports in 2022, Here’s Antam’s Response

Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) has ordered that bauxite exports be stopped starting in 2022. This needs to be done so that Indonesia no longer sells raw raw materials, but must add value first after going through the domestic processing and refining process. Regarding this issue, PT Aneka Tambang Tbk (ANTM) as … Read more

Issuer Lo Kheng Hong Gets Bauxite Project Contract Rp 1.42 T

Jakarta, CNBC Indonesia – The listed oil and gas contractor, PT Petrosea Tbk (PTRO), obtained a contract value of US$ 100 million or around Rp. 1.42 trillion, assuming an exchange rate of Rp. 14,250 per US$. The cooperation contract was carried out by the company together with PT Mekko Metal Mining as the client and … Read more