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View all search resultsDuring the last presidential debate on April 13, incumbent President Joko “Jokowi” Widodo said he planned to establish a super holding company that would act as the ultimate parent company for all existing and upcoming holding companies in various sectors.
Publicly listed nickel miner PT Vale Indonesia (INCO) confirmed on Thursday that the company had communicated with state mining holding company PT Indonesia Asahan Aluminium (Inalum) on the requirement for the former to sell 20 percent of its shares.
State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) recently established the Mining and Minerals Industry Institute (MMII), a research center aimed at boosting the downstream industry to help meet the government’s goal of reducing imports.
State-owned mining holding company Indonesia Asahan Aluminium (Inalum) president director Budi Gunadi Sadikin has said the revenue that the state will receive from gold and copper miner PT Freeport Indonesia (PTFI) will increase to US$1.8 billion in 2022, from $180 million in 2018.
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