Latest news with #Pandu
Yahoo
28-05-2025
- Business
- Yahoo
Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet
Press Release Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet Jakarta, 28 May 2025 – The Indonesia Investment Management Agency, Danantara Indonesia, and the Indonesia Investment Authority (INA) announced the signing of a Memorandum of Understanding (MoU) with French mining company Eramet to explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations. The signing was witnessed in person by the President of the Republic of Indonesia Prabowo Subianto, and the President of France Emmanuel Macron, at the State Palace in Jakarta on Wednesday (28/052025). This partnership aims to develop a sustainable and integrated electric vehicle (EV) battery raw materials ecosystem in Indonesia. The parties will conduct a preliminary assessment to identify the most suitable project to maximize the potential of the national EV ecosystem, while also preparing a roadmap for future collaboration. In implementing this cooperation, the parties agreed that asset management must not only prioritize efficiency and economic value, but also adhere to strict international standards. Chief Investment Officer of Danantara Indonesia Pandu Sjahrir, believes that this partnership will strengthen Indonesia's position as a global hub in the EV battery supply chain. Pandu explained that in this partnership, Danantara Indonesia and INA will manage long-term financing to support investment development, while Eramet will contribute through its technical expertise and experience in executing large-scale mining projects in line with international sustainability standards. 'This partnership reflects the commitment of all three parties to drive world-class nickel downstream investment in Indonesia, which is one of the key pillars in strengthening the competitiveness of the national industry. This collaboration also integrates global-level technical capabilities in environmentally conscious mining that supports the development of a sustainable industry,' Pandu added. Chairman of the INA Board of Directors, Ridha Wirakusumah, welcomed the partnership and stated that this initiative is an important step in strengthening Indonesia's critical minerals supply chain and downstream sector, particularly nickel, in line with INA's investment focus in the mineral and downstream industries. 'The strategic collaboration between Eramet, Danantara Indonesia, and INA combines technical excellence and a global track record in sustainable mining management with the design of long-term financing structures to support industrial growth. This synergy reflects a collective commitment to building a value-added industrial foundation within the country and attracting high-quality investments into Indonesia's strategic sectors,' said Ridha. Eramet Group Chief Executive Officer Paulo Castellari said 'With a long-term commitment in nickel in Indonesia since 2006, Eramet has significantly contributed to the development of Indonesia's largest nickel deposit over the past years.' Eramet has been actively present in Indonesia since 2006 through its nickel mining operations in Weda Bay, Maluku. Demonstrating its continued commitment to sustainable development, the company also marked a milestone in 2024 by partnering with Indonesia's Geological Agency to initiate studies and exploration of critical minerals—including lithium—as part of its support for the country's energy transition goals. 'With a clear focus on downstream processing, energy transition, and critical minerals, Danantara Indonesia and INA's priorities are well aligned with Eramet's strategic ambitions in Indonesia. We have been investigating opportunities to participate in the nickel EV battery value chain in Indonesia and we welcome today's initiative. We are ready to contribute through our sustainable mining expertise and long-term commitment to developing strategic industries in the country', added Paulo. [END] ABOUT DANANTARA INDONESIA Danantara Indonesia is a strategic investment management agency established under Law Number 1 of 2025. As an independent institution under the President, Danantara Indonesia has the mandate to manage and optimize government investments and state-owned enterprise (SOE) assets to support the achievement of the Asta Cita mission, the national strategic plan, and government programs aimed at accelerating industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy, and enhance Indonesia's competitiveness in the global market. For more information, visit: Media Contactmedia@ ABOUT INDONESIA INVESTMENT AUTHORITY (INA) The Indonesia Investment Authority (INA) is Indonesia's Investment Management Institution mandated to increase investments to support sustainable development in Indonesia and build national wealth for future generations. INA carries out investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia's competitive advantages and provide optimal returns with measured risks. For more information, visit Media ContactIndonesia Investment Authority (INA)Putri Dianita RuswaldiVP of ABOUT ERAMET Eramet is a global mining and metallurgy company headquartered in France. The group manages earth mineral resources to provide sustainable and responsible solutions for industrial growth and energy transition challenges. Eramet and all of its employees are committed to realizing this through a community-oriented approach and by making tangible contributions in every region where they operate. Manganese, nickel, mineral sands, and lithium — Eramet processes and develops these critical metals needed to build a more sustainable future. As a strategic partner for industry players, Eramet plays a vital role in supporting resilient infrastructure, efficient mobility solutions, safer medical technologies, and more reliable telecommunications systems. With a strong commitment to future metals, Eramet aspires to be a pioneer in the responsible transformation of earth's resources for a better shared future. As part of its long-term commitment to Indonesia, Eramet focuses on the sustainable development of mineral resources to support the national energy transition and create long-term value for the Indonesian people. Together with its strategic partner, Tsingshan Group, Eramet holds a minority ownership in PT Weda Bay Nickel (WBN), which operates in nickel mining and ferronickel production. For more information, please contact: INVESTOR CONTACT Director of Investor Relations Sandrine Nourry-Dabi T. +33 1 45 38 37 PRESS CONTACTMedia Relations OfficerNedjma AmraniT. +33 6 65 65 44 Attachment 2025-05-28-Eramet-PR-Joint Release Eramet, Danantara & INA-EN
Yahoo
28-05-2025
- Business
- Yahoo
Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet
Press Release Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet Jakarta, 28 May 2025 – The Indonesia Investment Management Agency, Danantara Indonesia, and the Indonesia Investment Authority (INA) announced the signing of a Memorandum of Understanding (MoU) with French mining company Eramet to explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations. The signing was witnessed in person by the President of the Republic of Indonesia Prabowo Subianto, and the President of France Emmanuel Macron, at the State Palace in Jakarta on Wednesday (28/052025). This partnership aims to develop a sustainable and integrated electric vehicle (EV) battery raw materials ecosystem in Indonesia. The parties will conduct a preliminary assessment to identify the most suitable project to maximize the potential of the national EV ecosystem, while also preparing a roadmap for future collaboration. In implementing this cooperation, the parties agreed that asset management must not only prioritize efficiency and economic value, but also adhere to strict international standards. Chief Investment Officer of Danantara Indonesia Pandu Sjahrir, believes that this partnership will strengthen Indonesia's position as a global hub in the EV battery supply chain. Pandu explained that in this partnership, Danantara Indonesia and INA will manage long-term financing to support investment development, while Eramet will contribute through its technical expertise and experience in executing large-scale mining projects in line with international sustainability standards. 'This partnership reflects the commitment of all three parties to drive world-class nickel downstream investment in Indonesia, which is one of the key pillars in strengthening the competitiveness of the national industry. This collaboration also integrates global-level technical capabilities in environmentally conscious mining that supports the development of a sustainable industry,' Pandu added. Chairman of the INA Board of Directors, Ridha Wirakusumah, welcomed the partnership and stated that this initiative is an important step in strengthening Indonesia's critical minerals supply chain and downstream sector, particularly nickel, in line with INA's investment focus in the mineral and downstream industries. 'The strategic collaboration between Eramet, Danantara Indonesia, and INA combines technical excellence and a global track record in sustainable mining management with the design of long-term financing structures to support industrial growth. This synergy reflects a collective commitment to building a value-added industrial foundation within the country and attracting high-quality investments into Indonesia's strategic sectors,' said Ridha. Eramet Group Chief Executive Officer Paulo Castellari said 'With a long-term commitment in nickel in Indonesia since 2006, Eramet has significantly contributed to the development of Indonesia's largest nickel deposit over the past years.' Eramet has been actively present in Indonesia since 2006 through its nickel mining operations in Weda Bay, Maluku. Demonstrating its continued commitment to sustainable development, the company also marked a milestone in 2024 by partnering with Indonesia's Geological Agency to initiate studies and exploration of critical minerals—including lithium—as part of its support for the country's energy transition goals. 'With a clear focus on downstream processing, energy transition, and critical minerals, Danantara Indonesia and INA's priorities are well aligned with Eramet's strategic ambitions in Indonesia. We have been investigating opportunities to participate in the nickel EV battery value chain in Indonesia and we welcome today's initiative. We are ready to contribute through our sustainable mining expertise and long-term commitment to developing strategic industries in the country', added Paulo. [END] ABOUT DANANTARA INDONESIA Danantara Indonesia is a strategic investment management agency established under Law Number 1 of 2025. As an independent institution under the President, Danantara Indonesia has the mandate to manage and optimize government investments and state-owned enterprise (SOE) assets to support the achievement of the Asta Cita mission, the national strategic plan, and government programs aimed at accelerating industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy, and enhance Indonesia's competitiveness in the global market. For more information, visit: Media Contactmedia@ ABOUT INDONESIA INVESTMENT AUTHORITY (INA) The Indonesia Investment Authority (INA) is Indonesia's Investment Management Institution mandated to increase investments to support sustainable development in Indonesia and build national wealth for future generations. INA carries out investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia's competitive advantages and provide optimal returns with measured risks. For more information, visit Media ContactIndonesia Investment Authority (INA)Putri Dianita RuswaldiVP of ABOUT ERAMET Eramet is a global mining and metallurgy company headquartered in France. The group manages earth mineral resources to provide sustainable and responsible solutions for industrial growth and energy transition challenges. Eramet and all of its employees are committed to realizing this through a community-oriented approach and by making tangible contributions in every region where they operate. Manganese, nickel, mineral sands, and lithium — Eramet processes and develops these critical metals needed to build a more sustainable future. As a strategic partner for industry players, Eramet plays a vital role in supporting resilient infrastructure, efficient mobility solutions, safer medical technologies, and more reliable telecommunications systems. With a strong commitment to future metals, Eramet aspires to be a pioneer in the responsible transformation of earth's resources for a better shared future. As part of its long-term commitment to Indonesia, Eramet focuses on the sustainable development of mineral resources to support the national energy transition and create long-term value for the Indonesian people. Together with its strategic partner, Tsingshan Group, Eramet holds a minority ownership in PT Weda Bay Nickel (WBN), which operates in nickel mining and ferronickel production. For more information, please contact: INVESTOR CONTACT Director of Investor Relations Sandrine Nourry-Dabi T. +33 1 45 38 37 PRESS CONTACTMedia Relations OfficerNedjma AmraniT. +33 6 65 65 44 Attachment 2025-05-28-Eramet-PR-Joint Release Eramet, Danantara & INA-EN
Hans India
10-05-2025
- Politics
- Hans India
Collector inspects Bhu Bharati revenue meet
Wanaparthy: District Collector Adarsh Surabhi visited the Bhu Bharati revenue meet held in Edutla village of Gopalpet mandal on Friday during which he urged the public to make the best use of the meet if they have any land-related issues. A help centre was set up at the event; those with land problems could fill a sample application form at the centre, provided they bring appropriate documents. The Collector assured that people need not worry about their land issues and promised that justice would be done to everyone through the Bhu Bharati initiative. He directed the revenue officials to take steps to quickly clear the applications received during the event. He advised that wherever possible issues should be resolved on the spot and notices related to succession should be issued immediately. As many as 28 applications were received from the village. The Gopalpet mandal was selected as a pilot project area; from May 5 revenue meets are being conducted in various villages in the mandal. So far 322 applications have been received. RDO Subrahmanyam, Gopalpet tahsildar Pandu, and revenue staff accompanied the collector.
New Indian Express
04-05-2025
- New Indian Express
Hail the Fire Goddesses
In Mahabharata, we are told that when Krishna dies, Rukmini and Jambavati, along with other junior wives, perform sati, while Satyabhama takes refuge in the forest as an ascetic. This is an obvious interpolation because the Kaurava widows do not commit sati. In folk narrations from Tamil Nadu, Draupadi after the war walks through fire to purify herself and prove her purity. She invites Kaurava widows to do the same. They are burnt alive, and join their husbands in paradise. The popular story of Madri committing sati is also a later invention. The epic has two versions of Madri's tale. In one, the later one, she commits sati out of guilt that her husband, Pandu, died when he touched her erotically, thus succumbing to a curse. In the earlier one, both die when Pandu touches her. They are both cremated by the orphan Pandavas. It is a known fact that Vedic literature has absolutely no reference to the practice of burning widows. This practice started appearing in India roughly around 500 AD. The practice started to wane after the arrival of British rule, following fierce condemnation by social reformers and new laws. By Indian law, any glamorisation of the practice of sati—widow burning—is prohibited. While some have argued that these sati practices were a means by which women protected themselves from being violated by invaders, the fact remains that sati stones began to appear in almost every corner of India, at least five centuries before the rise of the Islamic period of India.
Zawya
28-02-2025
- Business
- Zawya
Indonesia's new sovereign fund will run with commercial mindset, official says
JAKARTA - New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs, its chief investment officer told Reuters. Danantara, which was launched this week and is slated to eventually manage more than $900 billion worth of assets including government stakes in state firms, has been described by officials as Indonesia's version of Singapore's Temasek fund. "All the money that goes to Danantara will be used commercially and productively to generate economic activities," chief investment officer Pandu Sjahrir told Reuters on Friday, adding the fund was not restricted to investing in state firms or projects. President Prabowo Subianto has pledged $20 billion for Danantara's "first wave of investment" that will target projects in natural resources processing, artificial intelligence development, and energy and food security. The initial capital will come from the government and dividend payments from the state company stakes that it will hold. In 2025, Jakarta has said it expects dividends from state-owned enterprises of 90 trillion rupiah ($5.4 billion). "We will be deliberate, slow, and most likely be boring in our investment activities. Because our job really is to find good returns," Pandu said, noting risk management would be paramount given the public scrutiny the fund will face. The government has pledged transparency, saying the fund could be audited anytime. The company is still in a discovery stage for its cost of capital, Pandu said, and would be looking at projects with minimum acceptable rate of return close to those on Indonesian government bonds. In its first year, Danantara will focus on domestic investment, including in private equity and debt markets, and will be open to offshore investment after that. Danantara's size means it will look to invest in projects worth $1 billion or more, with investment decisions based on the returns and the ability to create high-value jobs, he said. A number of investors have already approached Danantara for potential partnership, including large funds from the United States, Middle East, North Asia and Southeast Asia, Pandu said. Unlike Jakarta's existing sovereign fund, the Indonesia Investment Authority, Danantara is not required to have partners for its investment projects, Pandu said. Fitch Ratings said on Monday in its report the credit profile of some state-controlled firms could weaken if Danantara requires higher dividend payouts or if they were pursuing riskier projects as a result of Danantara's approach.
