Indonesia

Freeport-McMoRan beats Q1 earnings but slashes production guidance and delays Grasberg ramp-up to mid-2027, citing operational bottlenecks and rising fuel costs.

Eni discovers 5 Tcf of gas and 300M barrels of condensate at Kutei Basin's Geliga-1 well, supporting its North Hub project and bolstering reserve replacement prospects.

Indonesian gold miner pursues Hong Kong IPO for Pani Mine development, targeting 545,000 oz annual production despite current losses of $27.49 million against minimal revenues.

Global cobalt demand expected to surge 54% by 2031, driven by EV battery manufacturing, aerospace, and 5G infrastructure growth.

Grab's stock pullback amid regulatory challenges creates opportunity; strong Q4 results and $500M buyback signal management confidence in undervaluation.