Mining

Jakarta’s “Thunderbolt” Task Force is Securing the Future of Critical Minerals

JAKARTA, Indonesia (JakartaWeekly.com) – As the global race for high-tech minerals intensifies, Indonesia is doubling down on a domestic crackdown against illegal mining to shield its “critical mineral” reserves from foreign exploitation and depletion. The move is seen as a vital defense of Jakarta’s ambitious downstreaming policy (hilirisasi), which bans the export of raw ores […]

$140 Million Coal Titan BUMA Locks in ‘Fortress’ Contract with Adaro to Guard Its Future Until 2030

JAKARTA, Indonesia (JakartaWeekly.com) – In an industry often characterized by volatile cycles and shifting loyalties, two of Indonesia’s energy titans have decided to double down on a partnership that has already outlasted most marriages. PT Bukit Makmur Mandiri Utama, the operational powerhouse known as BUMA, has officially inked a long-term extension with PT Adaro Indonesia […]

IDX Welcomes MINE: Nickel Mining Growth Plan

PT Sinar Terang Mandiri Tbk (Stock Code: MINE), a company specializing in mining and quarrying support services, officially listed its shares on the Indonesia Stock Exchange (IDX) today, March 10, 2025, with an initial share price of Rp216 per share. Through this Initial Public Offering (IPO) strategy, the company will focus on optimizing business opportunities […]