
Indonesia mining ministry proposes 18 development projects for Danantara funding
Indonesia’s mining ministry has drawn up a list of 18 projects worth $38.6 billion to develop the country’s natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment.Launched earlier this year, Danantara is Indonesian President Prabowo Subianto’s main vehicle to achieve his 8% economic growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects.

Nornickel cuts 2025 nickel and palladium output forecast due to repairs
Russia’s Nornickel, one of the world’s largest nickel producers and the leading global producer of palladium, on Monday lowered its 2025 nickel production forecast to 196,000-204,000 metric tons.The previous guidance had been 204,000-211,000 tons. The company also revised its palladium output forecast downward, now expecting between 2.677 and 2.729 million ounces compared to 2.704-2.756 million ounces.

US transfers acreage near proposed mining road to Alaska native group
The Trump administration transferred 28,000 acres (11,331 hectares) in a remote part of Northwest Alaska to a native corporation, putting more land near a proposed mining road under local control.The move is aligned with President Donald Trump’s pledge to remove barriers to energy and resource development in the state.“By putting land into Alaska Native hands, we are advancing opportunity in Alaska, while reducing federal barriers to resource development,” Interior Secretary Doug Burgum said in a statement.