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Minerals and Coal Contribute Rp 111 Trillion to State Revenue

Jakarta.The state revenue generated from mineral and coal mining has surged to Rp 111.65 trillion ($7.3 billion) year-to-date, surpassing the full-year target by an impressive 130.98 percent, according to data released by the Ministry of Energy and Mineral Resources.

Nickel miner Vale Indonesia plans to divest 14% stake – minister

JAKARTA, Aug 4 (Reuters) – Nickel miner Vale Indonesia is planning to divest 14% of its stake this year to fulfill divestment rules, Indonesia’s mining minister Arifin Tasrif told reporters on Friday.