Jul 6, 2012 | Industries, Mining, News Group
Government’s decision to oblige miners to process ores in Indonesia has been praised by many. That would lift the country’s industrialization to the next level, value-added. In order to support domestic processing, government has also imposed an average...
Jul 3, 2012 | Industries, Mining, News Group
President Susilo Bambang Yudhoyono (SBY) has signed Government Regulation No. 24/2012 to amend Government Regulation No. 23/2010 about Mineral and Coal Business. There are some articles in GR No 23/2010 substantially changed, including divestment schedule. ARTICLE 6:...
Jul 2, 2012 | Industries, Mining, News Group
Nickel eased off 0.85% to US$21,510 per ton Tuesday (Feb 7). The commodity, however, has gained 15% year-to-date. Chinese demand for the commodity might ease off in the coming years, but that’s not stopping major business groups to enter the sector, including...
Jun 20, 2012 | Industries, Mining, News Group
Electricity Generating Plc (EGCO) Group, Thailand’s first independent power producer, has acquired 40% interest in Manambang Muara Enim (MME) coal project for US$197 million. Prospect? Who’s behind Manambang Muara Enim? First of all, this is an ambitious...
Jun 8, 2012 | Industries, Mining, News Group
There are at least 185 companies planning to build mineral processing facilities in the country to comply Law No 4/2009 about mining and coal, which obliges domestic processing by 2014. If all of the smelters will be built, the country needs substantial amount of...
Jun 5, 2012 | Industries, Mining, News Group
Shipping companies worldwide have yet to recover from commodities crash in 2008 and the global economic downturn. The Baltic Dry Index, for example, hovers around 1,000, way below its peak (above 8,000). Indonesia’s new regulations on mineral export might just...
Jun 2, 2012 | Industries, Mining, News Group
Bima Regent in West Nusa Tenggara (NTB) has permanently revoked mining license of PT Sumber Mineral Nusantara (SMN), a company controlled by Arc Exploration Ltd, Australia following the bloody riot between protesters and security officers. Today, local people in...
May 10, 2012 | Industries, Mining, News Group
Gold moves closer to US$1800 per ounce. G-Resources Ltd, owner of Martabe gold mine in North Sumatra, gains 1.6% in Hong Kong this morning. The stock, however, declined substantially in recent weeks because of the unresolved waste dispute with local residents....
May 9, 2012 | Industries, Mining, News Group
The government has awarded one conventional oil and gas block and four coal-bed-methane (CBM) blocks to various companies on Wednesday, September 5, 2012. Some of the winners are old names like Ephindo-Star Energy or Dart Energy International Pte Ltd. But, there are...
Apr 12, 2012 | Industries, Mining, News Group
For some, gold is GOD. It stays above US$1,700 per ounce. Gold producers in Indonesia could produce gold with cash cost of less than US$700 per ounce. Gold is good, they say. They keep searching for gold in the archipelago from Miwah, Aceh (East Asia Minerals Ltd) to...
