Latest Indonesia News

Cokal has resumed mining and hauling at its 60%-owned Bumi Barito Mineral project after delayed Indonesian regulatory approval, but exceptionally low Barito River levels have pushed the next shipment to a tentative mid-November date. The company also bought three years of extra time on BBM's US$20 million repayment, while quarter-end cash stood at just US$193,000.

Wide Open Agriculture has completed the major physical steps in exiting its German manufacturing facility and is now testing four prospective Asian production partners. The transition could lower fixed costs, but commercial supply still depends on technical trials, partner selection and a definitive agreement.

DXN has delivered a sharp revenue rebound and lifted its backlog to A$30.8 million, but the growth story is complicated by the expected cancellation of its maiden A$8.8 million AI contract. The company is relying on a new A$12.2 million project, expanding factories and improved customer collections to convert momentum into cash.

Horizon Oil delivered record September-quarter production, sales, revenue and operating cash flow, with the first full-quarter contribution from its Cue acquisition adding scale across five countries. Cash reserves rose to US$50.4 million before the company paid its FY26 final dividend.

Cue Energy Resources (ASX:CUE) increased quarterly cash receipts 29% to A$17.5 million and finished September with A$18.1 million in cash. Mahato’s PB-42 well exceeded pre-drill expectations, while Palm Valley’s PV14 entered production and PV15 drilling began, although total production fell from the previous quarter.

EVZ has started FY27 with an $80 million contract backlog, $17.7 million in cash and no drawn loan debt, while Brockman Engineering positions itself for Australia’s proposed fuel-storage expansion. The quarter also brought progress across defence, desalination, power services and potential acquisitions, although several growth opportunities remain prospective.

NuEnergy Gas has begun construction of its Tanjung Enim coal bed methane project, with the early production facilities now 48% complete and first gas sales still targeted for Q1 2027. The project has also gained Indonesian National Strategic Project status, while the company ended the quarter with A$2.677 million in cash.

Lion Energy has completed the sale of its Seram Non-Bula interest and is preparing to spud the 12 million barrel Bula Karang-1 prospect in November. The stronger cash position comes with a near-term financing question: its fully drawn A$1.6 million convertible note matures at the end of December.

Ocean Sciences has committed A$100,000 to a 12-month research program testing whether Sargassum-derived alginate can recover gold, silver and potentially rare earth elements from retired data centre hardware. The project gives the seaweed company a new industrial angle, but remains firmly at the laboratory stage.

Estrella Resources has secured Timor-Leste government authorisation to export an approximately 27,000-tonne Ira Miri manganese bulk sample through Tenu Port. The approval moves the programme towards shipment, but binding sales terms and logistics remain unfinished.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

PT ANTAM (Persero) Tbk (ASX:ATM, IDX:ANTM) delivered stronger nine-month 2026 operating volumes across gold, ferronickel, bauxite and alumina, while advancing Indonesia’s battery and mineral-processing agenda. The unaudited report also details Rp5.05 trillion in dividends, but provides no nine-month revenue or profit figures.