【SMM Flash News】Cornish Tin Exceeds Funding Target to Accelerate UK Tin and Lithium Projects

PT Dian Swastatika Sentosa Tbk (DSSA), the Sinar Mas Group’s coal mining flagship, recorded a 2025 net profit of USD 230.54 million, a 25.4% year-on-year drop. This decline mirrors a 7.5% contraction in operating revenue to USD 2.79 billion, primarily driven by a 10.3% slump in the coal mining and trading segment. Despite a significant elevenfold surge in foreign exchange gains to USD 71.3 million and a 29% rise in interest income, these non-operating boosts were insufficient to offset rising costs of goods sold and the broader downturn in core coal operations.

President Prabowo Subianto oversaw the signing of business deals totaling $23.63 billion during the Indonesia-Japan Business Forum in Tokyo on March 30, 2026. The agreements encompass 10 memoranda of understanding (MoUs) spanning critical sectors including energy, oil and gas, petrochemicals, manufacturing, and finance. Highlighting the shift toward sustainable industrialization, key projects include a carbon-emission-based methanol production facility in Bontang, East Kalimantan, and a strengthened pact between INPEX and Pertamina to advance the Masela LNG project.

During an official visit to Japan on March 30, 2026, Indonesian President Prabowo Subianto announced that the country will proceed with its B50 palm oil-based biodiesel program this year, raising the blend from 40% to 50%. While authorities had previously sidelined the B50 plan in January due to technical and funding constraints, the government has moved to revive the initiative as a strategic response to global energy supply disruptions caused by the ongoing conflict between the US, Israel, and Iran.