Eddie Spence

Risk takers like Geo Energy are doubling down while mining giants abandon the world’s dirtiest fossil fuel.

Indonesia reopened its carbon credits market to foreign buyers, ending years of uncertainty that have curbed the sector’s development.

Copper retreated after its biggest weekly gain in a year, as the greenback advanced against the yen and the euro amid political turmoil in Japan and France.

US miner Freeport-McMoRan Inc. has agreed to divest a 12% share in its Indonesian unit to the government for free, CNBC Indonesia reported, citing the head of the country’s Danantara sovereign wealth fund Rosan Roeslani.

The European Union and Indonesia have secured a trade deal that will eliminate tariffs on most goods, boosting relations between the partners amid US President Donald Trump’s moves to upend global commerce.

Freeport McMoRan Inc. said operations at its giant Indonesian copper mine remain suspended as the company continued efforts to rescue seven workers trapped underground earlier this week.

Heavy flooding triggered by torrential rains killed at least 16 people on Indonesia’s tourism island of Bali, while one is still missing.

Copper steadied as traders parsed weakening US employment data that may persuade the Federal Reserve to cut interest rates this year more than previously expected.

Demonstrators in Jakarta staged a gathering in the form of a picnic outside Indonesia’s parliament building on Friday, a turnabout from deadly protests that had rocked the country.

Shell Plc and BP Plc-branded gas stations in Indonesia have run low on fuel as supplies are curbed by import restrictions.

Indonesian sovereign wealth fund Danantara has signed a $1.42 billion heads of agreement with Chinese company GEM Co. Ltd. to invest in battery-grade nickel plant.

Mohammad Riza Chalid is the highest-profile businessman in the crosshairs of an administration eager to supercharge growth in Southeast Asia’s largest economy.

Nickel has eclipsed coal as Indonesia’s biggest export earner for the first time, according to Macquarie Group Ltd., a sign of the country’s growing dominance in the supply of the battery metal.

Indonesia has detained an employee of Trafigura Group along with seven other suspects in a case involving oil procurement by state-owned PT Pertamina, widening one of the nation’s largest corruption investigations in recent decades.

Indonesia aims to transition entirely to renewable energy by the middle of the coming decade, according to President Prabowo Subianto, well ahead of the country’s previously announced goal.

Chinese tycoons are turbo-charging Indonesia’s aluminum industry with multi-billion dollar projects that rival the vast bets made on the country’s nickel riches roughly a decade ago, and threaten to shake up the global market for the metal.

Indonesia plans to punish companies for alleged environmental breaches at a huge industrial park that accounts for a large slice of its nickel output, casting a cloud over some of the nation’s largest suppliers.

Indonesia will suspend production at a nickel mine near a diving hotspot in the east of the country over concerns it could impact tourism.

Indonesia aims to boost the buildout of renewable energy in its latest national power plan, scaling back gas additions to the grid.

Indonesia’s Danantara and French miner Eramet SA are in talks to form a partnership that would invest in a nickel plant in the Southeast Asian nation, people familiar with the matter said, in what could be the state investment fund’s first major transaction.