Provincial and regental administrations in Papua are to discuss the distribution of 10 percent shares in gold and copper miner PT Freeport Indonesia after Freeport agreed to divest 51 percent of its shares, reported Antara.
The global mining equipment market is highly competitive in nature with a large number of multinational companies across the value chain, Transparency Market Research (TMR) finds in a new research study. Caterpillar Inc., Komatsu Limited, and Hitachi Construction Machinery are the prominent companies operating in the global mining equipment market and are expected to dominate the market in the coming years.
A mission critical challenge on any long haul road way is the method that operators keep a strong focus on the job at hand which, in some cases, proves problematic due a number of factors.
A local mining association has called on the government to allow gold and copper miner PT Freeport Indonesia (PTFI) to meet its 51 percent divestment requirement through an initial public offering (IPO), which is regarded as fairer and less costly to the two conflicting parties.
Indonesian security forces have been ordered to peacefully persuade a group of armed separatists to leave two villages near a giant U.S.-owned mine in eastern Papua province, but would abandon “a soft approach” if necessary, officials warned Friday.
State-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) is inches away from becoming the long-coveted mining holding firm and has prepared to deal with its first task at hand: acquiring gold and copper miner PT Freeport Indonesia (PTFI).
The Mining Advocacy Network (Jatam) has urged the government to revoke the mineral and coal mining permits of companies whose mining areas overlap with others, and which lack regulatory compliance documents without waiting for the verdict of the State Administrative Court in such cases.