On Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI).
U.S. energy giant Chevron Corp must compete if it wants to continue operating Indonesia's Rokan block, the country's biggest source of crude oil, after its contract expires in 2021, Indonesia Energy and Mines Minister Ignasius Jonan said on Wednesday. Chevron asked Indonesia's government earlier this year to extend its operating contract for Rokan beyond 2021 and since then has been in discussions with Indonesian officials on the issue.
For the umpteenth time the government announced last week it would soon close the deal to acquire the controlling ownership of PT Freeport Indonesia (FI), which has owned and operated the world’s largest gold and copper mine in the easternmost province of Papua since 1972.
In 2014, Rio Tinto broke new ground when it introduced driverless trucks into its Hope Downs 4 iron ore mine in the Pilbara. Today, such vehicles are commonplace throughout the region and can be operated autonomously from a nerve center in Perth. Last year autonomous drones were trialed at South 32’s Worsley alumina project in south-west Western Australia. In 2020 Australia expects robots to replace more than 50 per cent of miners worldwide! A trend toward using technology and data at mine sites is clear, and the impact should not be underestimated.
There is an increasing groundswell of opinion that universities need to urgently redesign their undergraduate curricula to meet the changing needs of the digital age. This article attempts to address the specific challenges facing the mining sector and university mining schools responsible for educating and training future resources professionals. A look at how universities and mining schools might address the need for modernized curricula to ensure properly qualified resources industry professionals for the 21st century.
JAKARTA/TORONTO (Reuters) - Freeport-McMoRan Inc (FCX.N) said on Thursday it will sell a majority stake in the world’s second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion.
The agreement made on Thursday between PT Indonesia Asahan Aluminium (Inalum) and United States mining company Freeport-McMoran Inc. (FCX) was largely welcomed by the government, which claimed that the future of PT Freeport Indonesia (PTFI) was now clearer.
For miners seeking to cater to the changing appetite of China, the world's biggest iron ore importer, all eyes are on Tangshan, the country's biggest steel-making city and the drastic measures it's taking to rein in pollution.