Jakarta, CNBC Indonesia – Five subsidiaries of PT Bayan Resources Tbk (BYAN), namely PT Bara Sejati, PT Cahaya Alam, PT Dermaga Energi, PT Orkida Makmur, and PT Sumber Api, have officially sued the Minister of Investment/Head of the Investment Coordinating Board (BKPM) in Court Jakarta State Administration (PTUN). The official lawsuit was submitted through a … Read more
Jakarta – Rare ground metals the so-called ‘treasure’ of the Lapindo mud, was not only found there. This type of mineral also has great benefits as well as an expensive price. Ganden Supriyanto, an expert in analytical chemistry and environmental chemistry, Faculty of Science and Technology, Airlangga University (Unair), revealed that the entire surface of … Read more
Jakarta, CNBC Indonesia – The government in this case the Ministry of Energy and Mineral Resources (ESDM) plans to change the domestic coal sales price scheme or Domestic Market Obligation (DMO). Energy Economics observer at Gadjah Mada University (UGM) Fahmy Radhi said that if the DMO was removed, it would mean that PLN would buy … Read more
Jakarta, CNBC Indonesia – The Indonesian coal giant, PT Bumi Resources Tbk (BUMI) has also raised its voice amid the continuing fall in coal prices, coupled with the threat of reducing coal consumption from China and India. Dileep Srivastava, Independent Director and Corporate Secretary of BUMI, said that his party is still optimistic that coal … Read more
Jakarta, CNBC Indonesia – Prices of mining commodities, both coal and minerals, are currently soaring. In fact, the price of coal has almost touched US$ 300 per ton, the highest since at least 2008. In the midst of passionate mining commodity prices, this is not the case in terms of investment. The Ministry of Energy … Read more
Jakarta, CNBC Indonesia – The price of coal is still exorbitantly high, although the price has dropped, it is still above US$ 200 per ton. This very high price makes coal entrepreneurs tend to be more export-oriented compared to meeting domestic needs, whose price is limited to a maximum of US$ 70 per ton. This … Read more
Jakarta, CNBC Indonesia – Indonesia’s coal supply is very abundant, of which more than 500 million tons of coal are produced annually, and about 70% of it is exported. However, in fact, Indonesia is still importing coal. Then, what causes Indonesia to still import coal in the midst of abundant domestic supply? In response to … Read more
Jakarta, CNBC Indonesia – Several power plants of PT PLN (Persero) experienced a coal supply crisis because there were dozens of companies, 34 coal companies to be exact, which did not fulfill their commitments to PLN during January 1-July 31, 2021. On the other hand, the price disparity between the domestic price of coal and … Read more
Jakarta, CNBC Indonesia – Indonesia has a dream to become the king of the world’s batteries. This aspiration was marked by the establishment of a State-Owned Enterprise Holding (BUMN) integrated battery industry from upstream to downstream called Indonesia Battery Corporation (IBC). RI’s great aspiration has turned out to be a threat to nickel consumers in … Read more
Jakarta, CNBC Indonesia – The government continues to encourage the increase in added value of coal through downstreaming, so that it is not just mining and selling. One of the coal companies that plans to develop a coal downstreaming is PT Arutmin Indonesia, a subsidiary of PT Bumi Resources Tbk (BUMI), by converting coal into … Read more