Fathiya Dahrul

Companies could reach a non-binding agreement in coming months Axiata, Sinar Mas discussing mixture of cash and shares deal

(Bloomberg) -- Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition.

(Bloomberg) -- The owner of PT Inti Bangun Sejahtera is close to selling a controlling stake in the telecom tower company to PT Profesional Telekomunikasi Indonesia, according to people with knowledge of the matter.

Wireless carrier Axiata Group Bhd. and conglomerate PT Sinar Mas Group are in early talks for a potential merger of their Indonesian telecommunications operations.

Nickel miner PT Vale Indonesia received a special mining permit extension that ends months of uncertainty over its future operations.

Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year.

(Bloomberg) -- Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainFed’s Higher-for-Longer Stance Hits Firm

Its share-price chart resembles that of an emerging-market penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months.

Its share-price chart resembles that of an emerging-market penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months.

(Bloomberg) -- Indonesian mining firm PT Delta Dunia is looking for acquisition targets that would help it reduce its reliance on revenue from lower-quality coal that emits more carbon.