Saturday, September 6, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

ZINC Ready to Add Foreign Exchange for Indonesia

by Becky
2023-06-29
in Economic
A A
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Jakarta – Issuer of base metal producer PT Kapuas Prima Coal Tbk (ZINC) is actively realizing its commitment to the downstream program launched by the government. The company has realized a total investment of US$ 30.2 million to build a lead smelter and zinc smelter. The Company’s seriousness in implementing downstream has resulted in a relaxation permit for raw mineral exports until May 2024 for both commodities.

“Our commitment in implementing the downstream program launched by the government is unquestionable. The raw mineral export relaxation permits that we obtained for two of ZINC’s subsidiaries are clear evidence of the Government’s trust in the Company’s commitment to support the downstream program,” said ZINC President Director, Harjanto Widjaja.

With the relaxation obtained for both subsidiaries, PT Kapuas Prima Citra for lead exports and PT Kobar Lamandau Mineral for zinc exports, ZINC is ready to increase foreign exchange earnings through raw mineral exports for the next one year. The export relaxation also makes ZINC optimistic that it will be able to record positive revenue growth this year.

RelatedPosts

Indonesia Weighs Export Permit Extension for Freeport Amid Smelter Repairs

Guardian’s Innovations Give Trending Beauty Products a Fuller Lineup

On the other hand, Kapuas Prima Citra’s lead smelter, which only started production in June 2022, will continue to optimize its production this year. Communication has also begun to several similar mining companies that have shut down their operations because they are not allowed to export to be revived and sell their processed mining products to PT Kapuas Prima Citra. Meanwhile, Kobar Lamandau Mineral’s zinc smelter is planned to start operating in the third quarter of next year.

ADVERTISEMENT

According to the verification results of the Ministry of Energy and Mineral Resources (ESDM), the construction of the lead concentrate smelter from Kapuas Prima Citra with an investment realization of US$ 10 million has been 100% completed as of May 2022. Meanwhile, the construction of PT Kobar Lamandau Mineral’s zinc smelter with an investment realization of US$ 20.2 million has reached 89.65% as of February 2023.

Tags: Harjanto WidjajaKapuas Prima Coal
ADVERTISEMENT

Related Posts

Investor Indonesia

Airlangga Reassure Investors, Says Ongoing Protests Won’t Affect Indonesia Long-Term Economy

2025-09-03

Jakarta, Indonesia Sentinel -- Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto said that a wave of demonstrations across the...

Textile sector mass layoffs

Anti-Dumping Duty Could Trigger Mass Layoffs in Indonesia’s Textile Sector, 40 Thousands at Risks

2025-08-25

Jakarta, Indonesia Sentinel -- Indonesia’s Ministry of Industry has warned of potential mass layoffs in the country’s textile sector, saying...

Illegal Secondhand Clothing Imports

Indonesia Seizes Rp112 Billion worth of Illegal Secondhand Clothing Imports in Bandung

2025-08-21

Jakarta, Indonesia Sentinel -- Indonesia’s Trade Ministry has seized thousands of bales of illegal secondhand clothing imports worth Rp112 billion...

Benchmark Interest Rate

Bank Indonesia Cuts the Benchmark Interest Rate to 5%

2025-08-21

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) has decided to further lowering its benchmark interest rate or BI Rate by...

QRIS Japan

QRIS Digital Payment System Officially Available in Japan, Indonesia Eyes China Next

2025-08-19

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) has officially announced that its Quick Response Code Indonesian Standard (QRIS) can now...

Payment ID

Bank Indonesia Denies ‘Payment ID’ Will Be Used to Spy on Citizens’ Transactions

2025-08-18

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) has denied claims that its upcoming Payment ID system will be used by...

National Priority Programs

Prabowo Sets Eight National Priority Programs in 2026, Allocate Rp3.786 Trillion State Budget

2025-08-17

Jakarta, Indonesia Sentinel -- Indonesian President Prabowo Subianto on Friday laid out eight national priority programs for 2026, backed by...

Social Aid

Indonesia’s Financial Intelligence Agency Flags Irregularities in Social Aid Distribution

2025-08-13

Jakarta, Indonesia Sentinel -- Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) has uncovered a series of irregularities in the...

Social Aid

Speaker of the Indonesian House of Representative Urged an Immediate Review of Social Aid Recipient Data

2025-08-12

Jakarta, Indonesia Sentinel -- Speaker of the Indonesian House of Representative Puan Maharani has urged an immediate review of social...

Payment ID

Indonesia to Trial ‘Payment ID’ Integrated Financial System in August

2025-08-11

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) is preparing to roll out an integrated payment system called Payment ID, with...

Load More
Next Post
Seven Cultural Tourism Destinations in Indonesia

Seven Cultural Tourism Destinations in Indonesia

Popular

  • yandex

    How to Watch Viral Video on Yandex: What You Need to Know

    0 shares
    Share 0 Tweet 0
  • The Joyoboyo Prophecy: Historical Roots and Modern Resonance in Indonesian Society

    0 shares
    Share 0 Tweet 0
  • 15 Indonesian Provinces Lead in Sex Worker Locations, West Java Ranks First!

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • One Piece Pirate Flag Rises Across Indonesia Ahead the Independence Day

    0 shares
    Share 0 Tweet 0

Recommended

Rupiah Strengthens Amid Positive Trade Surplus and China Stimulus Hopes

Rupiah Strengthens Amid Positive Trade Surplus and China Stimulus Hopes

11 months ago
Bali Immigration

Working as Illegal Diving Instructor, Two Chinese Nationals Deported From Bali

7 months ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel