Vale's Divestment Deal Inked: Is Indonesia Truly Benefitting?

MIND ID has successfully secured a 34 percent stake in Vale Indonesia. In a strategic agreement, MIND ID and other shareholders have agreed to a joint management approach, with MIND ID receiving a share of commissioner seats in the company.

Business Round Up, February 16, 2024

To strengthen its transport and logistic armada, PT Kereta Api Indonesia (KAI) has spent US$ 222.4 million or Rp 3.36 trillion to procure 54 locomotives manufactured by US-based Progress Rail, a subsidiary of Caterpillar.

Business Round Up, February 15, 2024

In domestic bauxite mining, idle capacity is anticipated to reach 13.86 million tons this year, translating to approximately US$494.6 million amidst the export ban.