Latest Indonesia News

Bass Oil reported steady quarterly oil production with a 20% increase in Indonesian output following a production enhancement program. The company is poised to enter the East Coast Gas Market pending regulatory approval for the Vanessa gas field acquisition.

Alliance Nickel has appointed financial advisors to explore a SPAC transaction for a Nasdaq listing, aiming to tap into premium US capital markets for its NiWest Nickel-Cobalt Project. The move follows a robust feasibility study and a strategic partnership with automaker Stellantis.

Far East Gold has announced a significant high-grade gold discovery at its North Bermol prospect in Indonesia, reinforcing the district-scale potential of the Idenburg project. Early drilling results reveal promising mineralisation similar to the main Bermol area, with further assays and drilling underway.

PT ANTAM Tbk reports robust nine-month growth in gold, nickel, bauxite, and alumina production alongside a notable ESG risk rating improvement and a 100% dividend payout for 2024.

PT Aneka Tambang Tbk (ANTAM) reported a remarkable 197% surge in net profit for the first nine months of 2025, driven by robust gold, nickel, and bauxite sales alongside strategic downstreaming and operational efficiencies.

EVZ Limited reports a robust first quarter for FY2026, showcasing strong cash flow, zero debt, and a substantial contract backlog. The company advances key projects and eyes strategic acquisitions to fuel growth.

BPH Global has inked a two-year commercial framework agreement with the Maluku provincial government entity to secure a steady seaweed supply and collaborate on a bio-stimulant manufacturing facility, boosting its footprint in Indonesia’s premium seaweed market.

Conrad Asia Energy has signed a significant gas sales agreement with Indonesia’s PLN subsidiary, underpinning the development of its Mako Gas Field and advancing exploration in Aceh. The company is progressing farm-down talks and preparing for a major seismic survey to unlock further gas resources.

OpenLearning Limited reports a strong Q3 FY25 with SaaS ARR up 27% year-on-year and a successful $2.6 million capital raise, positioning the company for cash flow breakeven within 18 months.

ReadCloud Limited reports a 109% surge in underlying EBITDA to $757k for FY25, driven by robust growth in VET-in-Schools fees and domestic eBook sales, alongside positive cash flow improvements.

Range International Limited has reported its strongest quarterly sales to date, driven by its Re>Pal Indonesia operations, while gearing up to double production capacity with a new factory and pivoting to a pallet rental model.

Nico Resources has progressed its Wingellina nickel-cobalt project through updated resource estimates, detailed metallurgical testwork, and a strategic review of scandium extraction, even as nickel market conditions remain subdued.