Business News
Minister of Energy and Mineral Resources Promotes Decarbonization of Mining at the Indonesia Mining Summit
Indonesia's Minister of Energy and Mineral Resources, Arifin Tasrif, has urged the mining sector to embrace decarbonization. He emphasized the importance of shifting towards the production of low or zero-emission products, particularly as the country remains heavily reliant on fossil fuels, especially coal. Indonesia, with its abundant mineral and coal…
Indonesia Promotes Best Practices in Blue Economy at AIS Forum 2023
Indonesia is committed to implementing the concept of the blue economy in maritime spatial governance through a series of policies. In the Ministry of Maritime Affairs and Fisheries, regarding the implementation of the blue economy, we have five key policies that we have introduced. The five key policies are as…
Successful Downstreaming: Indonesia's Nickel Export Value Surges Tenfold
The Coordinating Ministry for Maritime Affairs and Investment (Kemenkomarves) claims that Indonesia's nickel exports have surged tenfold after successfully producing and exporting raw materials for electric vehicle batteries, namely nickel matte and mixed hydroxide precipitate (MHP). Deputy for Maritime Resources Coordination at Kemenko Marves, stated that Indonesia's robust economic growth…
Indonesia's Downstream Investment Projection Reaches IDR 8.549 Trillion
Indonesia possesses significant natural resources that can be optimized to become a global key player in commodity-based downstream industries. The projected investment value in Indonesia's downstream roadmap is estimated to reach USD 545.3 billion or approximately IDR 8.549 trillion (at an exchange rate of IDR 15,679 per USD). Notably, non-oil…
