McMahon Holding to manage INDY’s gold mine in South Sulawesi
13 Jan 2025 07:52
The mining contract will span seven years, with an option to extend for an additional five years.
Diversifying portfolio, CUAN to produce metallurgical coals
30 Dec 2024 06:13
PT Petrindo Jaya Kreasi Tbk (CUAN) has reportedly produced metallurgical coals in order to diversify its business portfolio.
Positive revenue trend, yet MDKA saw worsening loss
18 Dec 2024 19:31
Despite PT Merdeka Copper Gold Tbk (MDKA) achieving revenue growth of 42.5% year-on-year (yoy) up to September 2024, its losses have widened significantly.
US-China tension haunts Asian coal market, Adaro spoke up
05 Dec 2024 11:31
On its debut on IDX today (5/12), PT Adaro Andalan Indonesia Tbk (AADI) expressed optimism about the sustained attractiveness of the coal market.
Mining companies overthrew IHSG’s growth last week
02 Dec 2024 09:28
Some of mining companies toppled Jakarta Stock Price Composite Index’s (IHSG) growth last week, only arriving at 7,114.26 or slipping 1.13% or 81.29 points lower from the week prior.
Bombarded by foreign sells, MDKA plunges 18.22%
29 Nov 2024 08:13
PT Merdeka Copper Gold Tbk (MDKA) saw an 18.22% decline or 430-points downturn within the past month, arriving at IDR 1,930 per share at the opening bell today (29/11).
Petrosea to form new subsidiary in mining services industry
14 Nov 2024 10:28
PT Petrosea Tbk (PTRO) has established another new subsidiary called PT Lintas Kelola Berlaba (LKB) through one of its existing subsidiaries, PT Petrosea Infrastruktur Nusantara (PIN).
Forming new subsidiary, PTRO to seek opportunities in mining infrastructure
23 Oct 2024 14:09
PT Petrosea Tbk (PTRO) has recently formed a new subsidiary called PT Petrosea Infrastruktur Nusantara (PIN) in order to support business expansion.
Managing government’s mining concession, Muhammadiyah to form 2 companies
12 Sep 2024 12:20
Muhammadiyah Central Board, one of the major religion organisations in Indonesia, has formed two companies to manage mining concessions granted by the Indonesian government.
RIGS’s profit soared 26.35% despite only slight increase in revenue
09 Sep 2024 11:06
PT Rig Tenders Indonesia Tbk (RIGS) booked net profit of IDR 78.97 billion in the first half (H1) of 2024, up 26.35% year-on-year (yoy) from the same semester last year.
