Indonesia confiscates 148 hectares of land from Weda Bay nickel mine
The Energy and Mineral Resources Department (ESDM) has confiscated PT Weda Bay Nickel's (WBN) 148.25-hectare mining site on Hamahira Island in North Maluku province. The mine has a mining license but not a forest borrowing permit (IPPK...
Indonesia to become world's largest geothermal energy producer in 5 years
The Ministry of Energy and Mineral Resources (MEMR) has announced that it aims to overtake the United States as the world's number one country in geothermal energy utilization within five years. Indonesia is currently second in the world with 2.71 gigawatts (GW) of installed geothermal power capacity, while the United States with 3.6 GW installed...
Indonesian Waste-to-Energy Project Faces Financial and Technical Challenges
The Indonesian government plans to build waste-to-energy (WtE) plants in 33 provinces across the country to solve the urban waste problem and increase the supply of green energy. The total investment in the project is expected to reach 300 trillion rupiah, with funding mainly from the National Investment Management Agency (Dan...
Indonesian investment agency Danantara to invest in Vale nickel processing project
Danantara, Indonesia's national investment management agency, is considering investing in three high-pressure acid leaching (HPAL) smelter projects of PT Vale Indonesia (INCO). The projects are located in Pomalaa, Southeast Sulawesi, Morowa, Central Sulawesi...
China's top three auto brands among top 10 in Indonesia's auto market in August
Data from the Indonesian Automotive Industry Association (Gaikindo) shows that Chinese car brands are shining in the Indonesian market, with BYD, Wuling and Chery among the top 10 sellers in August. BYD with 2,746 units...
Chinese investor expelled for irregularities in palm fruit trading
The Immigration Department in Kotabumi, Lampung province, recently deported a Chinese investor who worked for a local company and was found to have been engaged in irregularities in the private trading of palm fruits while the company was out of operation. His holdings were the company's investment...
Indonesia to import 1.4 million kiloliters of U.S. fuel in exchange for lower tariffs
The Indonesian government has announced plans to import 1.4 million kiloliters of fuel from the United States to meet the needs of the national oil company Pertamina and private gas stations, as well as to fulfill trade agreements with the United States. The total import amount is 1.4 million kiloliters (including Pertamina and private...
Imported steel threatens Indonesia's domestic steel industry
The Indonesian Iron and Steel Industry Association (IISIA) has warned that imported steel has become a serious threat to the development of the domestic steel industry. Data shows that in 2024 Indonesia's steel imports amounted to 8.72 million tons, far exceeding exports of 5.96 million tons, leading to a drop in domestic capacity utilization...
Nickel prices rise after partial seizure of Weda Bay nickel mine
Nickel prices on the London Metal Exchange (LME) rose 1% to $15,305 per ton after the Indonesian government confiscated part of China's Qingshan Holding Group's Weda Bay nickel mine. The confiscation covers an area of 148 hectares of the mine due to alleged license violations...
China's economic influence on Indonesia reaches 41.21 TP3T
The Center for Economic and Legal Studies (Celios) has released the report "China-Indonesia Provincial Index 2025", which shows that China's influence in Indonesia's economic sector has reached 41.2%, covering a wide range of areas such as trade, investment and infrastructure. China ...
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