G-Resources Group Ltd’s Martabe Gold Mine in North Sumatra produced 73,153 ounces of gold in the quarter ended September 2014, inched up 4% from the previous quarter, making Martabe the second largest gold mine in Indonesia behind Freeport McMoRan’s Grasberg Mine in...
The Government of Indonesia and PT Vale Indonesia Tbk (INCO) have today signed an amendment of the contract of work (COW) as required by Law No 4/2009 about Mining and Coal. The Government was represented by Indonesian Coordinating Minister of Economy and acting...
We all know that all of companies granted license to build copper smelters are closely linked to politicians. Which one will eventually get financing support and enter commercial operation? INDOSMELT: PT Indosmelt, which plans to build US$1.5 billion copper smelter in...
Shares of Ramba Energy Ltd soared 6.48% to S$0.575 Monday (Sept 22) following the company’s announcement that it has on Sunday signed a binding letter of intent with Risco Energy Investments Holdings Pte Ltd for divestment of a 25% working interest in Lemang Block for...
Seven years ago, United Tractors (UNTR) management disclosed a plan to enter nickel mining business, capitalizing on its experience in working with PT Vale Indonesia (INCO) Tbk in the past. In the past seven years, however, UNTR focused in acquisition of coal mining...
Construction materials industry continues to attract foreign investments. Two years ago Siam Cement Group (Thailand) acquired concrete, quarry, and precast operations, including limestone reserves in Indonesia from US$135 million. Late last month US-based Vanguard...
Indonesia will almost certain see a new group of powerful people in the energy sector. Weeks before Karen Agustiawan, CEO of Pertamina, officially leaving the position on October 1st, the Corruption Eradication Commission (KPK) named Jero Wacik, energy and mineral...
Since the promulgation of nickel ore export ban, nickel price has soared 36.17% from early 2014 to June 30, 2014 on the metal exchange of London (LME). Analysts believe as long as Indonesia maintains the export ban and no significant change in Russia and Ukraine...
Out of almost 100 companies have submitted plans to build nickel smelters in Indonesia, only two will likely enter commercial operation this year with combined capacity of 118,000 tons of nickel-pig-iron (NPI), energy and mineral resources ministry said early this...
Shares of Vale Indonesia (INCO), the largest producer of refined nickel in Indonesia, gained 57.2% this year to Rp4165 as nickel prices regained grounds in the world market following export ban of nickel ores since January 2014. Expecting the stock to return to its...
