ENERGY
Indika Energy is one of the most integrated coal mining companies in the country, an advantage it is putting to good use as it seeks to grow both revenue and profits. Chief financial officer Aziz Amand talks to GlobeAsia about the outlook for 2012.
Black gold baron
Mining tycoon Samin Tan has beaten out the world’s largest diversified commodity trader Glencore for a slice of Aburizal Bakrie’s Bumi Plc pie.Indonesia has a new coal baron. 8:19 AM Jan 3, 2012
Coal upstart
Achmad Hadiat Kismet - “Met” for short - built TMT into one of the largest companies in Indonesia since clinching the Caterpillar distributorship in 1971. Now, his son Muki wants to build his own business empire focusing on coal and energy. 5:35 PM Dec 2, 2011
Coal Rush
In the 1980s and 1990s, rich Indonesian families wanted to have a bank for the prestige it brought, apart from the support it would provide their business. Nowadays, the status symbol of choice among family-controlled companies and corporations alike is coal. 11:04 PM Sep 30, 2011
Geothermal shifts
There is plenty of talk about Indonesia diversifying its energy mix, but geothermal development is occurring at a very slow pace. GlobeAsia talked to Abadi Poernomo, the president director of Pertamina Geothermal Energy (PGE), to find out how the country can capitalize on its geothermal potential 7:06 PM Aug 28, 2011
More good times ahead for miners
The mining industry is one of the main drivers of the economy. And, say the experts, there is much more to come, particularly in demand for energy as the economies of China and India continue to expand. And Indonesia’s own domestic growth will push further growth. 11:47 AM Aug 2, 2011
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