USD 1.037 Billion from Indonesia’s Bauxite Downstreaming: Who’s Getting a Slice of the Pie? 🍰

Indonesia’s bauxite reserves are estimated to reach 7.78 billion tons, according to Ferdy Hasiman, Executive Director of Indonesia Mining and Energy Watch (ISEW). If bauxite is sold in raw form, assuming a price of USD 40 per metric ton, its total economic value would amount to only USD 311.2 billion. Bauxite, however, can be further […]

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2026: The Beginning of Global Coal Decline and the Fate of Indonesia’s Coal Stocks in a Post-Peak World

The Indonesian government plans to revise the 2026 Work Plan and Budget (RKAB) for the coal sector as a strategic move to improve coal prices by better aligning supply with demand, especially amid global oversupply that has been pressuring prices. As part of this effort, the Ministry of Energy and Mineral Resources will lower the

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2026: Indonesia’s Nuclear Power Era Is Drawing Closer — What it Means for Coal and Which Nuclear-Related Stock Might Benefits?

In early 2026, the draft amendment to Presidential Regulation No. 112 of 2022 is reported to have entered the stage of seeking presidential approval for its initiation. One of the key proposed changes is the inclusion of provisions governing nuclear power plants, signaling that Indonesia’s nuclear power era may be progressing as planned. This raises

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The Government Agrees to a 12 Million tCO₂e Carbon Trade with Norway: An Analysis of Its Impact on Renewable Energy Stocks

In November 2025, the Governments of Indonesia and Norway agreed that Indonesia would sell 12 million tons of CO₂e in emission mitigation outcomes from its renewable energy projects to Norway. This agreement was initiated through the signing of a Framework Agreement, or a foundational deal, which will serve as the basis for the execution of

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Struggling to Secure Major Customer Contracts, Bintang Samudera Mandiri Lines Faces Challenges in Driving Revenue Growth

On 13 December 2025, PT Bintang Samudera Mandiri Lines Tbk (BSML) presented its annual public expose materials. In Q3 2025, BSML’s revenue stood at IDR 60.3 billion. This figure was significantly lower than revenue in the previous period, which amounted to IDR 191.4 billion. The decline in revenue has persisted over the past several years.

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PGEO’s Green Data Center Initiative and the Move Toward Direct Green Power

PT Pertamina Geothermal Energy Tbk (PGEO) has announced its plan to explore the development of a green data center powered by geothermal energy, through a strategic collaboration with the Indonesia Data Center Provider Organization (IDPRO) and the Faculty of Engineering, Universitas Indonesia. The agreement will establish the technical and commercial framework for the development of a

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Recovery of Pakkat Hydropower Plant Operations Likely to Take a Long Time, Company Considering Relocation Options—What Are the Long-Term Impacts?

On December 10, Kencana Energy Tbk (KEEN) provided an update on the ongoing recovery efforts for the Pakkat Hydropower Plant, which was affected by a landslide. When asked about the estimated timeline for restoring Pakkat’s generation capacity to normal levels, KEEN was unable to provide a definitive answer. The recovery of the Pakkat Hydropower Plant

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Shipping Companies Benefiting from Indonesia’s Nickel Mining Boom

Indonesia’s nickel production has surged, driving growth in the commodity transportation business. Indonesia’s nickel production has continued to grow significantly year after year. In 2018, production stood at only 606 million tons. By 2022, Indonesia’s nickel ore production had reached 1.6 million tons. The nickel mining boom in Indonesia has brought distinct benefits to the

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How ARKO Successfully Developed the Cikopo 2 Minihydro Power Plant: From Construction and Financing to COD

PT Arkora Hydro successfully overcame financing and technical challenges in developing the Cikopo 2 Minihydro Power Plant. Developing renewable energy power plants and becoming an Independent Power Producer (IPP) in Indonesia is far from easy. The process is lengthy and can take years—from planning to commercial operation. Many renewable energy projects ultimately stall, with no

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