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Jul 3, 2024 | 
financialpost.com | Fathiya Dahrul |Rachel Cicilia
Indonesian mining firm PT Delta Dunia is looking for acquisition targets that would help it reduce its reliance on revenue from lower-quality coal that emits more carbon. Author of the article:Bloomberg NewsFathiya Dahrul and Rachel CiciliaPublished Jul 03, 2024 • 1 minute read You can save this article by registering for free here. Or sign-in if you have an account. Emissions rise from a chimney.
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Jul 3, 2024 | 
bloomberg.com | Fathiya Dahrul |Rachel Cicilia
Indonesian mining firm PT Delta Dunia is looking for acquisition targets that would help it reduce its reliance on revenue from lower-quality coal that emits more carbon. The company aims to increase the contribution of lower-emission coal to 28% of revenue by the end of this year and to 50% by 2028, from 19% last year. It recently spent $122.4 million to buy Atlantic Carbon Group, one of the largest US producers of anthracite, a high quality grade of coal.
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Jul 1, 2024 | 
finance.yahoo.com | Fathiya Dahrul |Eduard Gismatullin
(Bloomberg) -- Its share-price chart resembles that of an emerging-market penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months.
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Jul 1, 2024 | 
bloomberg.com | Fathiya Dahrul |Eduard Gismatullin
Its share-price chart resembles that of an emerging-market penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months. But PT Barito Renewables Energy is Indonesia’s biggest company by market capitalization - an $85 billion geothermal power producer controlled by one of the country’s richest tycoons.
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Jun 11, 2024 | 
ca.finance.yahoo.com | Eddie Spence |Fathiya Dahrul
(Bloomberg) -- Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year.
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Jun 11, 2024 | 
finance.yahoo.com | Eddie Spence |Fathiya Dahrul
(Bloomberg) -- Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year.
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Jun 11, 2024 | 
bloomberg.com | Eddie Spence |Fathiya Dahrul
Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year. Glencore is in talks to take a 10% stake in the company through a pre-IPO fund-raise, and will assist in financing its high pressure acid leach plant, Ceria Nugraha Chief Executive Officer Derian Sakmiwata said in an interview on Wednesday.
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May 15, 2024 | 
bloomberg.com | Norman Harsono |Fathiya Dahrul
Nickel miner PT Vale Indonesia received a special mining permit extension that ends months of uncertainty over its future operations. The company got an operating permit extension until Dec. 28, 2035, following the issuance of a special mining permit on May 13, according to a statement on Wednesday. As part of the extension deal, Vale Indonesia must complete the construction of refining facilities.
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May 15, 2024 | 
bloomberg.com | Norman Harsono |Fathiya Dahrul
Wireless carrier Axiata Group Bhd. and conglomerate PT Sinar Mas Group are in early talks for a potential merger of their Indonesian telecommunications operations. The owners of PT XL Axiata and PT Smartfren Telecom signed a non-binding memorandum of understanding on Wednesday, according to stock exchange filings. The plan is still in the early stages of evaluation, and both Axiata and Sinar Mas seek to remain controlling shareholders of the merged entity, the companies said.
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May 12, 2024 | 
finance.yahoo.com | Fathiya Dahrul |Elffie Chew |Manuel Baigorri
(Bloomberg) -- The owner of PT Inti Bangun Sejahtera is close to selling a controlling stake in the telecom tower company to PT Profesional Telekomunikasi Indonesia, according to people with knowledge of the matter.
