Nickel prices reached a five-year high yesterday after the Indonesian government said it would ban exports of the metal in 2020, as it looks to expedite the development of a domestic smelting industry. The announcement by the world’s second largest nickel ore exporter ramped up fears...
Indonesia is planning to purchase Rio Tinto’s 40% participating stake in the Grasberg copper-gold mine as part of the government’s plans to increase its control over national resources. The vast mine is operated by the local division of US-based Freeport-McMoRan, who formed a joint venture with...
German electronics company Siemens AG (ETR:SIE) has secured two separate contracts to develop wind power facilities in Indonesia and its home market Germany. In Indonesia, Siemens will build and operate the 60MW Tolo wind farm, with construction set to start this year and be finalised in...
