Freeport McMoRan (FCX) informed New York Stock Exchange (NYSE) Friday (July 25) that its subsidiary PT Freeport Indonesia has entered into a memorandumg of understanding (MoU) with the government of Indonesia under which both parties have agreed to negotiate an...
PT Freeport Indonesia, subsidiary of Freeport McMoRan, plans to resume its concentrate exports next month following amendment of mineral export policy, especially related to export duties charged for minerals, including copper concentrates. On July 25, 2014, the...
Samudra Energy Ltd, an oil and gas investment company established by Northstar Pacific Group eight years ago, is moving closer to launch an initial public offering (IPO) of its shares on the stock exchange of Singapore. Samudra is reportedly seeking up to US$250...
New Century Energy Resources Ltd (NCE) has entered into agreement with ASX-listed NuEnergy Gas Limited to develop coal-bed methane (CBM) projects in Indonesia. NCE’s manouver boosted NuEnergy Gas’ shares by 92.31% on Friday. Under the agreement, NCE will...
Gold has quietly returned to above US$1340 per Oz on anticipation of an end of economic stimulus program. Indonesian gold producers, which posted relatively competitive cost structure, might gain significantly going forwards. Companies in this report: J Resources,...
President candidate Prabowo Subianto enjoys attacking opponents of selling the country’s resources to foreign entities and that the annual leakages reached US$100 billion. Unfortunately, his own brother Hashim Djoyohadikusumo sold out Rombebai block (Papua) and...
Stanhill Capital Partners Holdings Ltd has expressed its intention to acquire Robust Resources Ltd, a company where Indonesia’s Salim Group is a substantial shareholder. Robust Resources develops gold and minerals in Romang Island, Indonesia. Also in this...
PT Merdeka Serasi Jaya has granted additional 12900 shares worth Rp12.9 billion to Banyuwangi Regency administration. This has lifted the amount granted by PT Merdeka Serasi Jaya, which indirectly controls the lucrative Tujuh Bukit gold project in Banyuwangi (taken...
National media quoted Amien Rais, patron leader of National Mandate Party (PAN), late last year saying Chevron, Freeport, and ExxonMobil as companies like VOC, which colonize Indonesia. A company controlled by Hatta Rajasa—vice president candidate and chairman...
KrisEnergy Asia Holdings BV, subsidiary of SGX-listed KrisEnergy Ltd, has entered into a sale and purchase agreement with Premier Oil Overseas BV to acquire its indirect 41.67% working interest in Block A Aceh production sharing contract (PSC) for US$40 million. Giken...
