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Lippo Group & Mining Business
In November 2011, CS Mining LLC, a company based in Anaconda Skarn, Utah involved in the mining and processing of copper, gold, and silver, announced strategic investment from Lippo Group. No news since then, however. Of course, that's not the first and only mining investment of Lippo Group. ,Last Updated ( Thu, 23 May 2013)
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| Delta Dunia after SMBC-BTPN Deal
Delta Dunia Makmur (DOID), parent company of mining contractor BUMA, reported lower net loss in the first quarter of 2013. As Northstar-TPG Capital would get substantial gain in divestment of Bank Tabungan Pensiunan Nasional (BTPN) to Sumitomo Mitsui Banking Corp (SMBC), people start to speculate on what Northstar will do on Delta Dunia, whose market value eroded 90% in the past four years. (Sun, 12 May 2013)
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| Provident Capital, Taurus Fund & Gold Rush
Gold stays below US$1,500/Oz, but that has not prevented two fund management companies to continue their investments in gold exploration companies. Shares of Finders Resources Ltd surged 10.34% in Sydney following conversion of loans from Taurus Funds Management into shares. (Wed, 08 May 2013)
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| More Articles |
| • Revisiting Rajawali's Iron Project & Yogyakarta Politics | Mining | Indonesia's non oil & gas import declined 3% in the first quarter of 2013, but import of iron and steel continued its growth to a combined US$3.8 billion due to the delays in some domestic processing projects. One of them is Peter Sondakh's pig iron project in Yogyakarta through ASX-listed Indo MInes Ltd. | |
| • Gold Rush: Edition 06/2013 | Mining | Gold stays below US$1500/Oz, but still high enough for investors to continue exploring the commodity in the archipelago, now the 10th largest producer in the world. While focus is on negotiation of mining contracts of Freeport and Newmont, do not forget medium players like Peter Sondakh's Archipelago Resources or Straits Resources' Mount Muro. | |
| • Mineral Policy Failure | Mining | The government's policy to impose export duty of 20% on mineral ores has failed to achieve most of its main goals. One of its main goals was to cut substantially the volume of mineral ores export, which could trigger miners to develop domestic smelters to add value on minerals. Statistics from ministry of trade, however, tells us the exact opposites. | |
| • Gold Rush: Edition 05/2013 | Mining | Analysts believe the first-quarter US GDP report would define further movement of gold prices, which regained grounds and moved closer to US$1500/Oz Friday. How about performance of gold producers in Indonesia? In this report: Gosowong mine in Halmahera, Martabe mine in North Sumatra, and continuous battle over Banyuwangi gold project between Soeryadjaya/Thohir and Intrepid Mines Ltd. | |
| • Metals Journal: No. 01/2013 | Mining | Gold recovered and moved closer to US$1500/Oz. Peter Sondakh's Archipelago Resources Plc, however, reported lower gold output at Toka Tindung mine, North Sulawesi in the first quarter of 2013 due to higher than normal rainfall. How about Rio Tinto's giant nickel project and Bintang Delapan - Tsingshan nickel smelter project in Sulawesi? | |
| • Thohir/Soeryadjaya vs Intrepid/Paloh Continues | Mining | Shares of Intrepid Mines Ltd dropped 6.38% in Sydney Tuesday following demands from new shareholders to replace five existing directors and appoint four new directors. Looks like that the battle over the lucrative Banyuwangi gold project continues in Sydney as conflicting parties have earlier launched various legal actions in Indonesia. | |
| • Newmont: When Gold Losing Its Shines | Mining | For some, gold is losing its shines after falling from US$1700 few weeks ago to US$1350 per ounce this morning. Freeport McMoRan and Newmont Mining Corp, two of the largest gold producers in Indonesia from their respective operations in Grasberg (Papua) and Batu Hijau (Nusa Tenggara), ended further down by 4.2% each in New York last night. | |
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