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MIND-ID

Business 5 years ago

PREMIUM
New tech jolts Indonesia’s battery dreams

Nickel-free lithium iron phosphate batteries are expected to eat into the market share over the next decade, or until 2030, according to several experts, including battery chemist Bambang Prihandoko of the Indonesian Institute of Sciences.

Business 5 years ago

State holding to be Indonesia’s battering ram into global battery market

The SOEs Ministry has ordered MIND ID, Pertamina and PLN to establish a holding company – tentatively “PT Indonesia Battery Holding” – that will develop an end-to-end domestic supply chain for EV batteries.

Business 5 years ago

Indonesian state miner completes 20 percent stake buy in Vale unit for $375m

MIND ID bought the 20 percent stake at Rp 2,780 per share, totaling to Rp 5.52 trillion (US$375.77 million), the ministry said in a statement.

Business 5 years ago

Tax office, MIND ID ink stage-2 deal on syncing income tax data

The mining giant is the third state-owned holding company to become part of the integrated tax data system, after Telkom and Pertamina.

Business 5 years ago

Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history

The dividends amounted to 90 percent of company profits booked in 2019.

Business 5 years ago

Metal miner Antam allocates $5.5m for exploration amid dwindling gold reserves

Gold mining sites at Mount Pongkor in West Java and in Cibaliung, Banten, are areas of particular focus for finding new gold deposits.

Business 5 years ago

Mining investment to fall short by 40 percent this year: Energy ministry

Prior to the COVID-19 pandemic, the energy ministry expected four new smelters to start operations this year.

Business 5 years ago

Mining holding MIND.ID to acquire Vale Indonesia for $392m by year-end

The acquisition is part of the Indonesia's campaign to tighten its grip on domestic mineral resources.

Business 5 years ago

Mining giant Vale Indonesia divestment pushed again to June

Indonesia’s acquisition of Brazil-based nickel mining giant PT Vale Indonesia has been pushed back for the second time this year due to pandemic-related complications.