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Adaro

Economy 1 year ago

PREMIUM
Lack of clean power may jeopardize Indonesia's downstream dream

Industry players want the government to help increase the clean power supply and to lobby other countries to continue accepting Indonesian products during the transition period.

Environment 1 year ago

Hyundai ends Indonesia aluminium deal after climate campaign by K-pop fans

At the time of the signing, Hyundai said it expected to procure aluminium from Adaro that meets the automaker's carbon neutralization policy amid growing demand for aluminium among global automakers.

Companies 2 years ago

PREMIUM
Adaro sets moderate 2024 sales target for coal

Indonesia’s second-biggest coal miner projects a mere 1.9 percent increase in sales this year amid a global supply glut for the commodity.

Companies 2 years ago

PANI group targets hotel pre-opening in Nusantara in July

The construction of the Nusantara Hotel in East Kalimantan is financed by a consortium of property tycoons.

Companies 2 years ago

PREMIUM
Adaro, Djarum, HM Sampoerna deny backing Prabowo campaign

Indonesian tobacco giants HM Sampoerna and Djarum as well as coal mining firm Adaro Group have denied backing the campaign of presidential candidate Prabowo Subianto.

Companies 2 years ago

PREMIUM
Adaro chief questions math behind coal gasification projects

Garibaldi Thohir, president director of coal miner PT Adaro Energy Indonesia, has questioned the economic viability of projects to convert coal into dimethyl ether (DME) in Indonesia, one of the government’s many proposed downstream coal projects.

Companies 3 years ago

PREMIUM
Adaro records coal output up 17% yoy in second quarter

Coal miner Adaro seems to be on course to achieve full-year output of up to 60 million tons as it had initially targeted, thanks to record heat waves and surging demand following eased pandemic restrictions.

Business 5 years ago

Saratoga to expand investment portfolio amid stock market losses

Saratoga Investama recorded investment losses at Rp 5.9 trillion (US$418.8 million) on this year’s first quarter, a turn-around from Rp 1.39 trillion profit it booked on the same period last year, as mark-to-market share prices plunged.