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June 16, 2015 edition

MINING
Freeport Operation Extended for 20 Years
Freeport Indonesia's license to mine in its Papuan project area is to be extended for a further 20 years. This assurance follows Freeport's agreement to speed up the process of renegotiating its Contract of Work (CoW) into a Special Mining Business Permit (IUPK) before the contract expires in 2021.

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June 2, 2015 edition

CORPORATE ACTION
Soetta Airport Runway 3 to Proceed
State-owned airport services company Angkasa Pura II will construct a third runway north of Soekarno-Hatta International Airport in Tangerang, Banten. "The acquisition of land will commence shortly," Budi Karya Sumadi, Angkasa Pura II CEO, told Tempo on Monday last week.

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May 19, 2015 edition

OIL BUSINESS
Petral To Be Shuttered
Pertamina CEO Dwi Soetjipto has begun the process of liquidating its subsidiary, the Petral Group. The process is pending the result of an investigation set to complete in April 2016. "Petral's role in Pertamina's business is no longer significant," he commented last Wednesday.

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May 5, 2015 edition

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April 21, 2015 edition

TRADE
Indonesia's Surplus Only with Three ASEAN Countries
Trade minister Rachmat Gobel said that Indonesia has a trade surplus with only three out of 10 Association of Southeast Asian Nations (ASEAN) countries. The three countries are the Philippines, Cambodia, and Myanmar.

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