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☆ Indonesia volcanic eruptions: Government to permanently relocate almost 10,000 residents
▼ + stars: | 2024-05-04 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —The Indonesian government will permanently relocate almost 10,000 residents after a series of explosive eruptions of the Ruang volcano has raised concerns about the dangers of residing on the island in future, a minister said on Friday. “As instructed by President Joko Widodo, we will build houses that meet disaster-standards,” he said, adding that the site was located about 200 km (125 miles) from Ruang island. A view of Mount Ruang volcano on Wednesday, the day after it erupted three times, forcing authorities to issue evacuation orders for 12,000 locals. The volcano had not erupted on Friday but Manado’s Sam Ratulangi Airport remained closed until the evening due to the spread of volcanic ash. Indonesia straddles the so-called “Pacific Ring of Fire,” an area of high seismic activity where multiple tectonic plates meet.

Persons: Muhadjir Effendy, “, Joko Widodo, ”, Ronny Adolof, Ruang, Sam Ratulangi Organizations: Reuters, Human Development, Getty Locations: Indonesian, North Sulawesi, Manado, Ruang, AFP, Manado . Roads, Tagulandang, Indonesia

☆ Mount Ruang: Indonesia volcano eruptions force thousands to evacuate as airlines cancel flights
▼ + stars: | 2024-05-02 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

Mount Ruang, a 725-meter (2,400-foot) volcano on Ruang Island, North Sulawesi, has been erupting in spectacular fashion on and off since mid-April, posing a growing threat to those living nearby and to air traffic in the region. Nearby schools have also been shut to protect children from volcanic ash, BNPB said. Video Ad Feedback Indonesia's Mount Ruang volcano continues to shoot volcanic ash 02:29 - Source: CNNMount Ruang is a stratovolcano, which are typically conical and relatively steep-sided due to the formation of viscous, sticky lava that does not flow easily. Volcanic ash from Ruang has reached eastern Malaysian airspace, Malaysia’s meteorological department said. Mount Ruang previously erupted in April, disrupting more than 200 flights on April 18 and 19 and affecting tens of thousands of passengers, officials said.

Persons: Mount Ruang, Ruang, Sam, BNPB, ”, Muhammad Helmi Abdullah Organizations: CNN, Reuters, National Disaster Management Authority, International, Met Malaysia, Muhammad Helmi Abdullah Regional, Air Asia, “, Malaysia Airlines Locations: Mount, North Sulawesi, Manado, Ruang, Malaysian, Malaysia, Indonesia, Asia

☆ Indonesia volcano: How Ruang eruption could impact weather and climate
▼ + stars: | 2024-04-23 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

And the day-to-day weather conditions near Mount Ruang – things like temperature, clouds and rain – probably won’t be influenced by the volcano for long, Huey told CNN. Mount Ruang, a 2,400-foot (725-meter) stratovolcano on Ruang Island in Indonesia’s North Sulawesi province, has erupted at least seven times since Tuesday night, the country’s volcanology agency said. Mount Ruang spewed lava and and ash on April 17, seen from Sitaro, North Sulawesi. Once in the stratosphere, sulfur dioxide and water vapor combine to form sulfuric acid aerosols that create a layer of hazy droplets, according to UCAR. In 1991, Mount Pinatubo – another stratovolcano – erupted in the Philippines and produced the largest sulfur dioxide cloud ever measured.

Persons: Greg Huey, Huey, Ruang, ” Huey, Mount Pinatubo, wouldn’t, CNN’s Kathleen Magramo Organizations: CNN, Georgia Tech’s School of, Atmospheric Sciences, NASA, Volcanology, Getty, United States Geological Survey Locations: Ruang, Indonesia, Mount, Indonesia’s North Sulawesi, Sitaro, North Sulawesi, Philippines

☆ Critical mineral mining is key to the green transition, but experts warn reputational risks remain
▼ + stars: | 2024-04-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.

Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia

☆ Indonesia volcano: Tsunami alert issued after Mount Ruang erupts on remote island
▼ + stars: | 2024-04-17 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —Indonesian authorities on Wednesday ordered hundreds of villagers to evacuate following multiple eruptions of a remote island volcano, raising fears it could collapse into the sea and trigger a tsunami. Mount Ruang, a 725-meter (2,400-foot) conical stratovolcano on Ruang Island, North Sulawesi, has erupted at least five times since Tuesday night, spewing fiery lava and ash plumes thousands of feet into the sky, the country’s volcanology agency said. Mount Ruang spewed hot lava and ash columns into the night sky on April 17, 2024, as seen from Sitaro, North Sulawesi. Ruang Island is home to about 800 residents, who have temporarily relocated to neighboring Tagulandang Island, according to authorities. Indonesia, a Southeast Asian archipelago of 270 million people, has over 120 active volcanoes – more than anywhere else in the world.

Persons: Ruang, Hendra Gunawan Organizations: CNN, Indonesian, Agency, Mount, North Sulawesi . Center, Volcanology, Getty Locations: North Sulawesi, Sitaro, Ruang, Tagulandang, Indonesia

☆ A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
▼ + stars: | 2024-03-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Geologic hydrogen, sometimes referred to as white, gold or natural hydrogen, refers to hydrogen gas that is found in its natural form beneath Earth's surface. Last year, researchers found what may be the world's largest geologic hydrogen deposit to date in France's eastern Lorraine region. The unexpected discovery further boosted interest in its clean energy potential. Some have expressed skepticism about the clean energy potential of natural hydrogen. Grey hydrogen — produced using natural gas and the most common form of hydrogen production — leads to large greenhouse gas emissions.

Persons: Alex Halada, Le, Canada's Hydroma, Ousmane Makaveli, Geoffrey Ellis, Ellis, we've, Minh, Energy's Le, Ana Maria Jaller, Makarewicz, Sebastien Salom Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Afp, Getty, Research, Rystad Energy, CNBC, Energy Resources Program, . Geological Survey, U.S . Department of Energy, Institute for Energy Economics, videoconference, Carbon Trust Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Canada, Australia, France, Spain, Colombia, South Korea, Gampern, Upper Austria, Mali's, Bamako, Malian, Bourakébougou, France's, Lorraine, Niger, Mali, gomis

CNN —Indonesia’s transport ministry will launch an investigation after two Batik Air pilots fell asleep during a recent flight, according to state news agency Antara, citing the ministry’s civil aviation director-general M Kristi Endah Murni. The flight, BTK6723, lasted two hours and 35 minutes, and successfully landed in Jakarta, according to Antara and the preliminary report. Around 90 minutes into the flight, the second-in-command then “inadvertently fell asleep,” according to the report. Around 28 minutes after the last recorded transmission, the pilot-in-command woke up and realized the plane was not in the correct flight path. The preliminary report detailed that the pilot-in-command told the ACC that the flight had experienced a “radio communication problem” that had been resolved.

Persons: Antara, Kristi Endah Murni, “, ” Murni Organizations: CNN, National Transportation Safety, ACC, Air Locations: Kendari, Southeast Sulawesi, Jakarta, ”, Indonesia

☆ The captain and copilot of an A320 fell asleep for 28 minutes during a flight to Jakarta, report says
▼ + stars: | 2024-03-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewThe captain and copilot of a domestic flight in Indonesia carrying 153 people fell asleep for nearly 30 minutes, a report published by Indonesia's National Transportation Safety Committee (KNKT) said. Around 45 minutes later, the captain woke up and offered to let the copilot, 28, rest, but they declined, and the captain fell back asleep. AdvertisementThe first officer spent roughly the next 20 minutes communicating with air traffic controllers and flight attendants before they "inadvertently" also fell asleep, per the report. After waking them, the captain answered another pilot's call and air traffic controllers, claiming they had suffered a "radio communication problem." According to the KNKT report, the second in command had not rested sufficiently the night before the flight.

Persons: — Organizations: Service, Indonesia's National Transportation Safety, Business, Air, Indonesian Locations: Indonesia, Kendari, Indonesian, Southeast Sulawesi, Jakarta

Now Widodo also needs a free trade agreement (FTA) with the United States for Indonesian materials to qualify for the generous EV subsidies available under the Biden administration's Inflation Reduction Act (IRA). What it got after last week's bilateral meeting was a commitment "to develop a critical minerals action plan (...) with a view toward establishing the foundation to launch future negotiations on a critical minerals agreement". The joint statement included some pointers as to what the United States expects from that action plan in terms of environmental, social and governance (ESG) standards. A limited trade agreement on critical minerals could become an even more restricted deal if it were to apply only to non-Chinese material streams. South Korea has the advantage of having had an FTA with the United States since 2012.

Persons: Joko Widodo, Tesla, Widodo, Washington, Biden, Joe Manchin, Janet Yellen, Manchin, Trafigura, Emelia Sithole Organizations: Vale Tbk, U.S, Biden, GREEN, Benchmark Minerals, Australia, Greenpeace, of, Group, Minerals, Korea, Reuters, Thomson Locations: Sorowako, Indonesia's, Asian, United States, Indonesia, United, GREEN Indonesia, Philippines, Ulsan, South Korea, Morocco, South

☆ U.S., Indonesia to discuss potential for deal on EV minerals: Reuters, citing sources
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: +3 min

NORTH KONAWE, SOUTHEAST SULAWESI, INDONESIA - AUGUST 03: In this aerial view - A view of nickel mining site on August 3, 2023 in North Konawe, Southeast Sulawesi, Indonesia. Estimates from the U.S. Geological Survey (USGS) showed that global nickel production grew 21% in 2022 alone. Indonesia holds the world's largest nickel reserves and leverages those reserves to attract investment in the battery supply chain, a report by the Center for Strategic and International Studies said. Indonesia alone will account for roughly half of global nickel supply growth through to 2025. As of 2020, Indonesia has 292 nickel mining permits, mostly in Sulawesi, as the island hosts most of the national nickel reserves, the same CSIS report said.

Persons: Ulet Ifansasti, Ifansasti, Joko Widodo, Joe Biden, Biden, Katherine Tai Organizations: U.S . Geological Survey, Center for Strategic, International Studies, CSIS, Getty, White, U.S, . Trade Locations: SULAWESI, INDONESIA, North Konawe, Southeast Sulawesi, Indonesia, U.S, Sulawesi, Central Sulawesi Province, United States

Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.

Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London

Jews in communities far from Israel gathered at synagogues this weekend for their first Shabbat services since Hamas militants attacked Israel, igniting an ongoing war. PITTSBURGH RABBI SAYS HAMAS ATTACK RESURFACES GENERATIONS OF TRAUMA FOR JEWISH PEOPLEThe deadly Hamas attack is not just another geopolitical event for Jewish people, explained one U.S. rabbi. It is drudging up generations of visceral trauma, especially in Pittsburgh – the city scarred by the deadliest antisemitic attack in U.S. history. “More Jews were killed last Shabbat … than on any other day since the Holocaust,” said Rabbi Daniel Fellman of Temple Sinai, during the first service following the violence in Israel. “It isn’t that Hamas wants the destruction of Israel.

Persons: PITTSBURGH RABBI, ”, Daniel Fellman, It’s, –, “, ” Fellman, Abel, Cain –, Cain, Seth Adelson, Beth Shalom, ” Adelson, Adelson, — Peter Smith, Jessie Wardarski, Rabbi Yehuda Teichtal, ” Teichtal, — they’ve, Berliners, — Kirsten Grieshaber, ” Modechai Ben Avraham, Shaar, ” Shaar Hashamayim, hunkered, Juval Porat, I’m, Beth Sholom, Michael Conway, Gayle Pomerantz, Robert Davis, —, ” Davis, ” — Giovanna Dell'Orto Organizations: PITTSBURGH, Hamas, Beth, Pittsburgh IN, Police, Associated Press, MIAMI BEACH, Miami, Lilly Endowment Inc, AP Locations: Israel, Pittsburgh, Temple Sinai, Pittsburgh IN BERLIN, Germany's, Berlin, Gaza, Germany, Berlin’s Wilmersdorf, Indonesian, Shaar Hashamayim, Tondano, Indonesia, North Sulawesi, MIAMI, Miami Beach, Fla, Miami Beach , Florida

☆ Indonesia ex-agriculture minister named as graft suspect
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

South Sulawesi governor Syahrul Yasin Limpo is pictured before meeting with legislative members in Makassar, March 14, 2014. Syahrul Yasin Limpo, who resigned last week after KPK raids on his multiple houses and ministry, said via his lawyer that he will cooperate with the investigation. KPK named Limpo as a suspect for allegedly instructing two colleagues to force officials to pay him at most $10,000 in exchange for positions or participation in procurement projects at the ministry. Limpo is the sixth minister in Jokowi's cabinet to face corruption allegations. Earlier this year, authorities arrested the then communications minister on corruption charges.

Persons: Syahrul Yasin Limpo, Yusuf Ahmad, Joko Widodo's, KPK, Limpo, Johanis Tanak, Johanis, Jokowi, Ananda Teresia, Stanley Widianto, Michael Perry Organizations: REUTERS, Rights, Thomson Locations: Sulawesi, Makassar, INDONESIA, Rights JAKARTA

Mining operations account for some 4%-7% of global greenhouse gas emissions, according to global consulting firm McKinsey & Company. But some miners are moving to reduce use of fossil fuels in extracting and refining, partly due to pressure from downstream customers that want more sustainable supply chains. Located beside a crystal-blue lake in the lush jungle of Sorowako, South Sulawesi, Vale Indonesia — a subsidiary of Vale international — runs its smelters entirely from hydroelectricity. Other companies and countries around the world also are reducing use of fossil fuels in their mining operations. But now, having that infrastructure means big savings at a time when global energy prices are high.

Persons: Michael Goodsite, “, Joko Widodo, Widodo, “ Ford, ” Christopher Smith, Febriany Eddy, Eddy, it’s, ” Eddy, Aimee Boulanger, there’s, they’ve, ” Goodsite Organizations: McKinsey & Company, Vale, Companies, University of Adelaide, Volvo, Mercedes, Hyundai, Apple, Ford Motor Co, Vale Indonesia, Associated Press, Initiative for, Mining Assurance, —, AP Locations: SOROWAKO, Indonesia, Indonesian, Sulawesi, Sorowako, South Sulawesi, Indonesia —, Chile, Raglan, Canada, Australia, ” Indonesia, Vale Indonesia, China, United States

☆ Indonesia's president launches carbon emissions credit trading
▼ + stars: | 2023-09-26 | by ( Stefanno Sulaiman | ) www.reuters.com time to read: +3 min

Indonesia's President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Sept 26 (Reuters) - Indonesian President Joko Widodo on Tuesday launched the country's first carbon emission credit trading, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade. Jokowi, as the president is popularly known, said Indonesia has tremendous potential for carbon reduction efforts, particularly nature-based solutions, and its carbon market could grow to 3,000 trillion rupiah ($194.30 billion). Some of Indonesia's biggest coal power plants have begun trading emission allowances since February. Transactions in the emission trading system are recorded using blockchain technology, Luhut said.

Persons: Joko Widodo, Edgar Su, Jokowi, Luhut, Stefanno Sulaiman, Gayatri Suroyo, Martin Petty Organizations: Nusantara, REUTERS, Rights, Tuesday, Pertamina, Indonesia Stock Exchange, Bank Central Asia, Bank, Christian, Thomson Locations: Singapore, Rights JAKARTA, Indonesia, North Sulawesi, Paris

☆ Homo floresiensis: The curious case of the hobbit and what its remarkable discovery taught us
▼ + stars: | 2023-09-02 | by ( Katie Hunt | ) edition.cnn.com time to read: +15 min

The Liang Bua cave excavation site, where the fossils of Homo floresiensis were discovered on the island of Flores in Indonesia. A 3D cast of the skeleton of Homo Floresiensis on display at Stony Brook University, part of the State University of New York system. The Liang Bua team named the species Homo floresiensis after the island where the fossils were discovered. Sutikna said that a thick layer of volcanic ash was found just on top of the layer where Homo floresiensis was first found. And above the volcanic ash layer, we did not find any fossils of Homo floresiensis or other ancient animals,” he said.

Persons: Thomas Sutikna, trowel, Liang Bua, Sutikna, ”, floresiensis, Achmad Ibrahim, Saptomo, Tim Wiencis, Mike Morwood, Liang, hobbitus —, floresianus —, Paige Madison, Bert Roberts, Robert Pearce, Bua, Homo erectus, erectus, chimplike wristbones, Lucy, australopithecines, Chris Stringer, “ I’m, ” Stringer, “, luzonensis, Matt Tocheri, Flores, Mata Menge, Flores hobbits, Tocheri, ’ There’s, Stringer, it’s, ” Tocheri, ” Madison, we’re Organizations: CNN, Indonesia’s, Archaeometric Research, Research and Innovation Agency, Stony Brook University, State University of New, University of Wollongong, Sydney Morning Herald, Fairfax Media, AP, Lakehead University, Smithsonian Institution Locations: Indonesian, Liang, Flores, Indonesia, Jakarta, Stony, State University of New York, Australian, Australia, Africa, Java, Asia, London, South Africa, Philippines, Yogyakarta, Canada, Thunder Bay , Ontario, It’s, Madison, Sulawesi

Singapore's Abaxx Commodities Exchange thinks a new nickel sulphate contract could be the answer. The sulphate market has been forecast by research house Roskill to grow at an annual rate of 22% over the current decade as the green mobility revolution accelerates. China's imports of nickel sulphateTRADE BOOMChina's surging imports of nickel sulphate are a reflection of the product's stunning growth as battery cathode input. China's nickel imports by product 2020-2023PRICING PROBLEMSNone of this new Indonesia-China nickel trade has a natural exchange pricing home. LME nickel trading volumes have stabilised but are still running significantly below levels seen prior to the March 2022 trading halt.

Persons: Antara, It's, Roskill, Mike Harrison Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Abaxx Commodities, Canadian, Technologies, Shanghai Futures Exchange, EV, Imports, China's, Class, Global Commodity Holdings, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, China, Finland, South Africa, South Korea

Indonesia imported 53,864 metric tons of nickel ore in the first half of 2023, up from 22,503 tons for all of 2022, Indonesian trade data showed. But imports from the Philippines only started in May, and all arrived at Morowali port in a huge nickel processing park run partly by Chinese nickel giant Tsingshan Group, the Indonesian data showed. "But the ore is cheaper by comparison with domestic ore currently and so this will offset some of the rising costs," Mitchell said. The Philippines mined 360,000 tons of nickel in ore in 2022, or 11% of global supplies, according to INSG. Philippines 1.3% grade ore landed at China's Lianyun port surged 20.6% in the past month to $41 a ton, the highest since March, Mysteel data showed.

Persons: Antara, Aneka, Tsingshan, Wood Mackenzie, Andrew Mitchell, Mitchell, Mai Nguyen, Siyi Liu, Fransiska, Enrico dela Cruz, Dominique Patton, Kim Coghill Organizations: PT Vale Indonesia, REUTERS Acquire, Nickel, Tsingshan Group, Study, Imports, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Philippines, Jakarta, Morowali, China, China's, Hanoi, Beijing, Manila

For most of his 57 years on the island of Sulawesi, Jamal was accustomed to scarcity, modest expectations and a grim shortage of jobs. The factory was built by a company called PT Dragon Virtue Nickel Industry, a subsidiary of a Chinese mining giant, Jiangsu Delong Nickel. Indonesia had recently banned exports of raw nickel to attract investment into processing plants. They were eager to secure nickel for factories at home that needed the mineral to make batteries for electric vehicles. They were intent on moving the pollution involved in the nickel industry away from Chinese cities.

Persons: Jamal, Jiangsu Delong Organizations: Industry Locations: Sulawesi, Kendari, Jiangsu, Indonesia

The Tomohon Extreme Market was once a top tourist attraction in the Indonesian province of North Sulawesi — a live animal market filled with everything from fileted pythons to skewered bats and rats. Activists urged major travel companies to stop recommending the market as a tourism site, said Lola Webber, Humane Society International's director of campaigns. "Bali dealt with this issue by poisoning stray dogs, which ended up being just as bad, if not worse, than those that have been subjected to the dog meat trade." In a Tripadvisor post on March 5, a user discusses reading about Sulawesi's dog meat trade. The post states: "Well the next trip was going to be to Sulawesi, Indonesia ...

Persons: Lola Webber, —, you'll, Webber, Caroll Senduk, International's Lola Webber, Michael, Frank Delano Manus, We've, who've, Manus, Rahul Sehgal, Tripadvisor Organizations: Humane Society, Companies, Tripadvisor, Free, Friends, CNBC Travel, World Health Organization, Animal Welfare, Animal Friends, Humane Society International, Free Indonesia, CNBC, Soi Dog Locations: Indonesian, North Sulawesi, Sulawesi, Tomohon's, Free Indonesia, Indonesia, Bali, Karanganyar, Java, Medan, Jakarta, Asia, Singapore, Philippines, Thailand, Hong Kong, Taiwan, China, South Korea, Vietnam

☆ Humane Society International's Lola Webber speaks about rescuing dogs and cats after Tomohon market ban
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHumane Society International's Lola Webber speaks about rescuing dogs and cats after Tomohon market banLola Webber of Humane Society International discusses how her team, together with Animal Friends Manado Indonesia, successfully banned the sale of cat and dog meat at the Tomohon Extreme Market in North Sulawesi, Indonesia.

Persons: International's Lola Webber, Lola Webber Organizations: Humane, Humane Society International, Friends Locations: Indonesia, North Sulawesi

☆ At least 15 killed, 19 missing in ferry sinking in Indonesia
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, July 24 (Reuters) - Indonesian authorities were searching for missing passengers on Monday after a ferry sank off Sulawesi island, killing at least 15, the national search and rescue agency said. Of 40 passengers on board, 19 were still missing, while six survived, the agency said in a statement. The cause of the sinking, which occurred at about midnight, was still unclear. Photos shared by the rescue agency showed victims' bodies covered in cloth on the floor of the local hospital. Reporting by Ananda Teresia, Gayatri Suroyo; Editing by Kanupriya Kapoor, XXOur Standards: The Thomson Reuters Trust Principles.

Persons: Arafah, Ananda Teresia, Gayatri Suroyo, Kanupriya Kapoor Organizations: Thomson Locations: JAKARTA, Muna, Kendari, Southeast Sulawesi, Ferries, Indonesia

When you think of cat food, coral reef restoration may not be the first thing that comes to mind. More coral today, more fish tomorrowIn 2019, the SHEBA brand began its work on Hope Reef, part of a global movement to help restore coral reefs around the world. Unveiled in 2021, Hope Reef — located off the coast of Sulawesi in Indonesia — is one of the world's largest repaired coral reefs. For Kuleana Coral Reefs, responsibility is even in the name. Thanks in part to the SHEBA brand's support, Kuleana Coral Reefs is restoring damaged coral reefs throughout the Hawaiian archipelago so they can persist naturally and without further human intervention.

Persons: Hope, SHEBA, one's Organizations: Google, National Ocean Service, Smithsonian, Global Seafood Alliance, SHEBA, Insider Studios Locations: Hope, Sulawesi, Indonesia, United States

☆ Metals-rich Indonesia’s IPO market is so red-hot it’s thrashing Hong Kong and India
▼ + stars: | 2023-05-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

It has overtaken Hong Kong — long one of the top IPO markets — for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan. Global IPO slowdownPart of Indonesia’s IPO success this year can be explained by lackluster performances elsewhere. The US IPO market, usually the world’s largest, has suffered given its reliance on particularly rate-sensitive tech companies, Lee said. Mining company Harita Nickel raised $660 million in its market debut last month, Indonesia’s biggest listing so far this year. “Our increasing conviction in [Indonesian companies] comes from how its government maximizes the potential of its bountiful raw materials,” he wrote.

☆ Pro Take: Can Nickel, Cobalt and Other Battery Metals Be Sourced Sustainably?
▼ + stars: | 2023-05-11 | by ( Yusuf Khan | ) www.wsj.com time to read: +6 min

Lockheed Martin and Norway’s Storebrand also have recently sold their interests in deep-sea mining companies. Others including German luxury carmaker BMW have said that, given environmental concerns, they won’t use battery metals sourced from the deep sea. More than a dozen countries are concerned about the environmental impact of the practice and are calling for a moratorium on seabed mining. A nickel mining site on the island of Sulawesi, Indonesia. Proponents of deep-sea mining say the nascent practice is a less harmful way to extract nickel than how the mineral is currently sourced in Indonesia.

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