Below is a list with tagged columns and company profiles.

Today's Headlines Smelters

  • Indonesia Opens Room for Bauxite Export, Nickel Ore to Follow?

    Indonesia Opens Room for Bauxite Export, Nickel Ore to Follow?

    Indonesian miners may be allowed to resume bauxite exports after a government official signalled that the Indonesian government is looking at relaxing its (raw) mineral export ban. This ban, implemented in January 2014, was introduced in an effort to boost domestic processing capacity, generate more revenue (by adding value to its mineral products) and enhance employment opportunities in Southeast Asia’s largest economy. However, amid the lack of domestic smelting capacity, the export ban has led to a plunge of exports.

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  • Mining News Update: Indonesia May Delay Full Mineral Ore Export Ban

    Mining News Update: Indonesia May Delay Full Mineral Ore Export Ban

    The Indonesian Ministry of Energy and Mineral Resources signaled that the government may (again) decide to postpone full implementation of its ban on exports of raw mineral ores and concentrates as the country still lacks sufficient smelting capacity to produce value-added mining products. Through this export ban, stipulated by the 2009 Mining Law, the Indonesian government aims to enhance revenue generation in the country’s natural resources sector by forcing miners to produce and export value-added products instead of raw materials.

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  • Newmont Nusa Tenggara and Indonesian Government Signed MoU

    The Chief Executive at Newmont Nusa Tenggara, Martiono Hadianto, said that on Wednesday evening (03/09) a Memorandum of Understanding (MoU) has been signed between the USA- based mining giant and the Indonesian government after an 8-month dispute over the country’s ban on exports of mineral ore (implemented on 12 January 2014). The mining company can now resume copper concentrate exports next week. Earlier this week it had been announced that both sides would come to an agreement.

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  • Mining in Indonesia: Newmont and Government Agree on Renegotiations

    The Indonesian government and Newmont Nusa Tenggara (NNT) have reportedly agreed on the content of a renegotiation package after an 8-month dispute over the mineral ore export ban. NNT, subsidiary of the USA-based Newmont Mining Corporation, will be allowed to resume copper concentrate exports up to 200,000 tons (with a value of about USD $400 million) until the end of 2014. Last week, NNT already announced it would not seek international arbitration over this matter.

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  • Daily Market Roundup: Corporate & Financial News Indonesian Markets

    What is the most important corporate news from Indonesia on Monday 11 August 2014? Here we present the daily market roundup. This includes following companies: Unilever Indonesia, Nippon Steel & Sumitomo Metal Corp, Krakatau Steel, Bumi Resources, Humpuss Intermoda Transportasi, MNC Sky Vision, Kalbe Farma, Logindo Samudramakmur, Multi Bintang Beer, Sebuku Iron Lateritic Ores, the Sarulla Operation Limited consortium, Mandiri Tunas Finance, Bank Internasional Indonesia (BII), and the Kuala Namu-Tebing Tinggi Toll Road.

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  • Freeport Indonesia Can Resume Copper Concentrate Exports from Indonesia

    Contrary to Newmont Nusa Tenggara (which has been in a heated dispute with the Indonesian government), Freeport Indonesia obtained a permit to resume copper concentrate exports from Indonesia after these had ceased since January 2014 when the government implemented the ban on exports of unprocessed minerals. Freeport Indonesia Chief Executive Rozik Sutjipto announced that the memorandum of understanding between both sides has been signed. The miner is the Indonesian unit of US based Freeport-McMoRan Copper & Gold.

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  • New Mining Law of Indonesia: Construction of many Smelters Delayed

    The construction of smelting and refining facilities in Indonesia - as stipulated in the new and controversial 2009 Mining Law - remains troublesome because several mining companies have delayed construction pending the judicial review of the 2009 Mining Law by the Constitutional Court of Indonesia. Meanwhile, Indonesia's Association of Bauxite and Iron ore Entrepreneurs (APB3I) said that the construction of 5 bauxite smelters need to be postponed due to financial uncertainties.

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  • Mining in Indonesia: Newmont Nusa Tenggara’s Ore Concentrate Export

    Indonesia's Minister for Energy and Mineral Resources Jero Wacik opened the possibility for Newmont Nusa Tenggara, subsidiary of US-based gold miner Newmont Mining Corporation, to resume exports of ore concentrates, provided that Newmont shows its commitment to build a smelter in Indonesia as in accordance with the new and controversial 2009 Mining Law. One of the targets of this new law is to boost Indonesia’s downstream mining industry by prohibiting export of unprocessed minerals.

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  • Freeport Indonesia and Newmont Nusa Tenggara Build Processing Facilities

    Freeport Indonesia and Newmont Nusa Tenggara Build Processing Facilities

    R. Sukhyar, Director General for Coal and Mineral Resources at the Indonesian Ministry of Energy and Mineral Resources, said that Freeport Indonesia and Newmont Nusa Tenggara, two of the largest copper miners in Indonesia, have shown their commitment to build refining facilities (in line with the 2009 Mining Law) by agreeing to transfer a total of USD $140 million to the government as a deposit guarantee. Freeport will transfer USD $115 million, whereas Newmont will transfer the remaining USD $25 million.

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  • Manufacturing Industry of Indonesia also Expected to Slow in 2014

    The Indonesian government revised down its target for the country's manufacturing growth in 2014 to 6 percent year-on-year (yoy) from 6.4 to 6.8 percent (yoy) previously. Main reason for the downgrade was the lower than expected GDP growth result in the first quarter of 2014. Earlier this week, Statistics Indonesia announced that the Indonesian economy expanded 5.21 percent in Q1-2014, the slowest quarterly growth pace since the fourth quarter of 2009. Last year, Indonesia's manufacturing sector grew 6.19 percent (yoy).

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Latest Columns Smelters

  • Mining in Indonesia: Newmont Nusa Tenggara Drops Arbitration Case

    Mining in Indonesia: Newmont Nusa Tenggara Drops Arbitration Case

    Reportedly, Newmont Nusa Tenggara (NNT) will not seek international arbitration at the Centre for Settlement of Investment Disputes (ICSID) in Washington (USA). Previously, the miner threatened to file for arbitration in an attempt to force the Indonesian government to cancel the recently introduced ban on exports of unprocessed minerals as well as to abort higher export duties. NNT is a subsidiary of Newmont Mining Corporation that operates the Batu Hijau mine, an open pit copper and gold mine in Sumbawa.

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  • Mining Renegotiations: Freeport Indonesia Builds Copper Smelter

    Mining Renegotiations: Freeport Indonesia Builds Copper Smelter in Gresik

    Subsidiary of US-based natural resources company Freeport McMoRan Copper & Gold Inc, Freeport Indonesia, decided to build its copper smelter in Gresik (East Java) as infrastructure around this regency makes it easier to transport its mining products for export purposes. The other location that Freeport was considering was in Papua, near its mining site the Grasberg mine, the world’s largest gold mine and third-largest copper mine. However, infrastructure in Papua (one of the poorest regions in Indonesia) is still underdeveloped.

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  • Freeport Indonesia about Extension Grasberg Contract and New Mining Law

    Freeport Indonesia about Extension Grasberg Contract and New Mining Law

    Freeport Indonesia, subsidiary of US-based natural resources company Freeport McMoRan Copper & Gold Inc, is optimistic that the Indonesian government will extend the company’s contract to operate the Grasberg mine in Papua (eastern Indonesia). This mine is the world’s largest gold mine and third-largest copper mine. The current contract between the Indonesian government and Freeport Indonesia expires in 2021. However, Freeport is currently in need of some certainty before investing a large amount on mining operations and smelting facilities.

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  • Export Ban Dispute: Newmont Nusa Tenggara vs Indonesian Government

    Export Ban Dispute: Newmont Nusa Tenggara vs Indonesian Government

    The dispute between the Indonesian government and mining giant Newmont Nusa Tenggara (NNT) over the recently implemented ban on the export of unprocessed copper, gold, nickel, bauxite and iron is heading for a climax. In Indonesian media, President Susilo Bambang Yudhoyono was quoted saying “NNT has undermined the sense of justice of the Indonesian people” and pronounced his disappointment of NNT’s reluctance to respect the sovereignty of the state. Previously, the government said it may revoke mining permits of NNT.

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  • Update Smelters in Indonesia: Law No. 4 of 2009 on Mineral and Coal Mining

    Update Smelters in Indonesia: Law No. 4 of 2009 on Mineral and Coal Mining

    The Indonesian Ministry of Energy and Mineral Resources announced that 25 miners holding a Mining Business License (Izin Usaha Pertambangan, or IUP) have finished construction of their smelters in the first half of 2014 in line with Law No. 4 of 2009 on Mineral and Coal Mining (also known as the 2009 New Mining Law), which foresees a ban on exports of unprocessed minerals. General Director at the ministry, R. Sukhyar, said that some of these 25 smelters are still in the commissioning stage, while others are already in the production stage.

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  • Export Ban Dispute Newmont Nusa Tenggara vs Indonesian Government

    Export Ban Dispute Indonesian Government vs Newmont Nusa Tenggara

    Whether Newmont Nusa Tenggara (NNT) will file for international arbitration over a six-month old export dispute with the Indonesian government remains unclear. Although many analysts would like to see international arbitration over this case, such a step would imply several risks for the copper miner (which is for 56 percent owned by US-based Newmont Mining Corporation and Japan’s Nusa Tenggara Mining Corporation). The source of the dispute is Indonesia’s recently-introduced ban on exports of ore concentrates.

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  • Depreciating Rupiah Impacts on Indonesian Manufacturing Industry

    Depreciating Rupiah Impacts on Indonesian Manufacturing Industry

    Although the Indonesian rupiah exchange rate appreciated 0.86 percent to IDR 11,995 per US dollar on Friday (27/06) as economic data from China, South Korea and Taiwan sparked optimism that regional growth has picked up, the recent depreciating trend of Indonesia’s currency burdens the country’s manufacturing industry. This industry is still dependent on imports of raw materials, capital goods and auxiliary materials, which are paid using US dollars causing the domestic industry to feel the financial impact of a weaker rupiah.

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  • Export Tax Dispute Leads to Force Majeure for Newmont Nusa Tenggara

    Export Tax Dispute Leads to Force Majeure for Newmont Nusa Tenggara

    Newmont Nusa Tenggara (NNT), one of Indonesia’s largest copper miners, said on Thursday (05/06) that it sees no other option than to declare a force majeure at its Batu Hijau copper mine in Sumbawa (West Nusa Tenggara) due to the export tax dispute with the Indonesian government. President Director of NNT Martiono Hadianto also informed the Indonesian Ministry of Energy and Mineral Resources that 80 percent of the company’s workers will be put on leave with reduced salaries.

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  • ICRA Indonesia: Analysis of Economic Impact of Raw Minerals Export Ban

    ICRA Indonesia released an analysis of the economic impact of the ban on export of raw minerals. The ban - stipulated by the new 2009 Mining Law - became effective per 12 January 2014 (although in a milder form as some mineral ore exports are allowed under specific terms) and aims at boosting domestic processing. However, it led to great concern among domestic and foreign stakeholders as its implications on the economy of Indonesia - a global leader in exports of mineral resources - were unknown.

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  • Mineral Ore Export Ban Affects Production Rates of Freeport Indonesia

    Freeport Indonesia stated that the company's production of copper concentrate plunged since the Indonesian government implemented the ban on exports of unprocessed minerals on 12 January 2014. Currently, Freeport only produces to supply Smelting Gresik, Indonesia's first copper smelter and refinery. As such, Freeport only operates at 45 percent of production capacity regarding copper concentrate. According to Freeport Indonesia's spokeswoman Daisy Primayanti, production of copper concentrate fell to 3,150 tons per day.

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