News

RI, Finland Seal economic, Energy Deals

Indonesia and Finland agreed on Tuesday to enhance economic ties and forge cooperation in the renewable energy sector, an area some see as a feasible entry point for many Finnish businesses given Indonesia’s need for renewable energy. The commitment was made following a bilateral meeting between President Joko “Jokowi” Widodo...

OPEC Infighting Reaching Critical Levels

Shell provided an update on its pending merger with BG Group (LON: BG). Following its dreadful quarterly earnings report, Shell provided another defense of its BG purchase, which it says will provide greater savings than previously expected. The tie up will be profitable even if oil prices range in...

The World’s Highest Grade Gold Mines

The grade or concentration of a mineral or metal in ore directly affects costs associated with mining as well as its subsequent beneficiation and extraction of precious components. Under otherwise equal conditions, a lower grade means a higher cost per unit weight of extracted metal making high-grade ore deposits a...

TITAN Run 2015: Going to The Next Level

TITAN Group held a sport event titled TITAN Run 2015: Going to The Next Level in Alam Sutra, South Tangerang, Banten, on Saturday (08/08/2015). The event that is held annually, had attracted more than 2,600 participants. “This year, the theme of the event is being adapted from the company, which...

Former Energy Official Imprisoned for 6 Years for Corruption

Former secretary general at the Energy and Mineral Resources Ministry Waryono Karno was sentenced to six years’ imprisonment by the Jakarta Corruption Court on Wednesday. Waryono was also required to pay Rp 300 million (US$20,750) in fines. Previously, the prosecutors had demanded that Waryono be sentenced to nine years and...

Govt Expects Rising Income from Coal Despite Weak Output

The Energy and Mineral Resources Ministry is expecting to see rising royalties and fees from the mineral and coal sectors this year despite plunging production due to low selling prices. According to the proposed state budget for 2016, the non-tax income from minerals and coal is targeted to reach Rp...

BKPM Now Handling Energy, Mining Permits

Investors in oil, gas, mineral and coal mining sectors are expected to experience an easier and faster business licensing process as some of the permits will be processed under the Investment Coordinating Board’s (BKPM) one-stop service. Energy and Mineral Resources Minister Sudirman Said on Thursday that he had officially handed...

President Jokowi Urges Qatari Businessmen to Invest in Indonesia

Indonesian President Joko Widodo has urged Qatari businessmen to invest in his country and make use of investment opportunities available there. Addressing Qatar-Indonesia Business and Investment Forum today, President Widodo said his country plans to set up several infrastructure projects, including building pipeline projects in some areas in Indonesia, establishing...