Indonesia’s Bakrie Group seeks nickel mine, partners up for $9 bln EV project
JAKARTA – Indonesian conglomerate Bakrie & Brothers (BNBR.JK) is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday. Also known as the Bakrie Group, which…
UPDATE 1–Indonesia Allows Nine Companies to Resume Nickel Ore Exports
Source: Reuters, November 11 2019 (Adds details, coordinating minister comments) JAKARTA, Nov 11 (Reuters) – Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country’s customs office, said…
The Race is On! Electric Vehicles in Indonesia
With a new Presidential decree supporting the development of battery-powered electric vehicles, Indonesia has joined a host of nations that are pushing ahead this new technology. Part 1 of this article explores the opportunities that exist for investors. Editor: Shoeb Z Kagda The race is…