The government is scheduled to give recommendation for export of copper and iron concentrates in the next few days. Other than Freeport Indonesia and Newmont Nusa Tenggara, producer of copper concentrates, two mineral processors—Sebuku Iron Lateritic Ores and PT...
Nickel price has jumped by almost 50% since late 2013 following Indonesia’s policy to ban export of nickel ores starting January 12, 2014. How long will be the rally and how high nickel prices depend on how fast companies, especially Chinese investors, in...
Manhattan Resources Ltd, a company controlled by Dato’ Low Tuck Kwong’s family—controlling shareholder of Bayan Resources (BYAN), has launched an acquisition of Singxin Resources Pte Ltd for S$1 billion. Manhattan plans to allot and issue 1.37 billion new shares...
The government of Indonesia has revised down its oil lifting target from 870,000 barrels per day to 818,800 bpd due to the expected delay of some oil and gas projects, including ExxonMobil-operated Cepu Block. Corporations in this report: Chevron, Pertamina, Sugih...
Very soon, Jokowi, Kalla, Prabowo, and Hatta Rajasa will sell rhetorics about the country’s resources. Their common target will be Grasberg gold mine operated by Freeport in Papua. Prabowo-Hatta might refrain from talking about Newmont, because their future...
While PT Freeport Indonesia, subsidiary of Freeport McMoRan, is struggling to resume export of copper concentrates from Grasberg mine, Papua province following disputes over mineral ore export policies, Edwin Soeryadjaya’s copper smelter in Wetar Island, Maluku...
Harvest Natural Resources Ltd is actively discussing the sale of its interests in Budong-Budong production sharing contract (PSC) in Indonesia. Mirach Energy Ltd, meanwhile, plans to submit approval for expenditure (AFE) for waterflooding EOR system at its PKM...
AWE Ltd targets its Ande Ande Lumut oil project to start producing oil in 2017. Development of K Sand (101 million barrels, gross), however, requires development capital expenditures of US$800 million. How about its Bulu, North Madura, and Terembu production sharing...
Shares of gas producer, transmission, and distribution company PT Perusahaan Gas Negara (PGAS) Tbk gained 1.42% Wednesday (May 7th) as the company announced its US$175 million investment in US-based Swift Energy Company, wherein PGN’s upstream subsidiary PT Saka...
London-listed Salamander Energy Plc has opened discussions with Indonesian regulators with a view of expanding the Kerendan plan of development to include the West Kerendan area following the completion of the West Kerendan 1 exploration well. RH Petrogas, meanwhile,...
