Latest Indonesia News

Energy World Corporation Ltd plans to convert $440.5 million of debt into shares at a significant premium, reshaping its capital structure and boosting major shareholders’ stakes. Concurrently, the company announces key leadership changes to steer its next growth phase.

SportsHero has launched its iGV Family Game Pass in partnership with Indonesia’s second-largest telco, Indosat, offering gamers access to over 200 popular PC titles via direct carrier billing.

Range International’s Indonesian subsidiary has successfully overturned 2018 tax assessments, eliminating a significant financial burden and clearing the way for focused growth.

Kingsrose Mining announces the immediate resignation of Managing Director Fabian Baker and appoints industry veteran Terry Holohan as Acting CEO to steer its Scandinavian projects and acquisition strategy.

BPH Global Ltd has reported a promising start to its seaweed sales business in Indonesia, generating A$150,646 in revenue during its first month of operations. Early sales to South Korean and Indonesian buyers highlight growing demand and sustainability commitments.

Bass Oil Limited reported steady oil production in May with a 3% increase in output and announced plans to acquire the Vanessa gas field, marking a strategic pivot towards gas production in Australia’s evolving energy landscape.

Recce Pharmaceuticals has locked in a non-dilutive A$30 million debt facility with Avenue Capital Group, extending its cash runway to support pivotal Phase 3 trials and commercialisation of its synthetic anti-infective R327G.

VBX Limited is set to raise $10 million through an initial public offering to fund the development of its Wuudagu Bauxite Project in Western Australia, supported by a positive pre-feasibility study and strong market fundamentals driven by China’s growing aluminium demand.

BPH Global Ltd has completed its second seaweed sale under a strategic partnership in Indonesia, marking steady progress in its supply network expansion and operational execution.

Cokal Limited has secured US$15 million in strategic debt funding to ramp up metallurgical coal production at its BBM mine, while terminating all agreements with Cratus due to non-performance.

Austin Engineering has raised its FY25 revenue guidance to $370 million, driven by strong growth in the Americas, but has lowered its EBIT forecast due to operational challenges in Chile.

Far East Gold has commenced a 36-hole diamond drilling program at its Idenburg Gold Project in Papua, aiming to expand its current 540,000oz inferred resource and validate a multi-million-ounce exploration target.