The government is set to make a long-overdue decision regarding the fate of a divestment price offered by gold and copper mining company PT Freeport Indonesia.
Energy an Mineral Resources Minister Sudirman said stated that the country’s economic ministers had been scheduled to discuss the issue ne week in response to President Joko “Jokowi” Widodo’s order to them to ensure a constant flow of investment into the country.
Pt Bruder Konstruksi Nusantara (BKN) in conjunction with PT. Bumi Suksesindo (BSI) commenced crushing operations on June 18 at the Tujuh Bukit Copper/ Gold Project in Banyuwangi, East Java.
For oil companies, the second quarter might be as good as it gets. Shares gained more than in any other industry, thanks to crude rising from a 12-year low. Profits were the best in at least three quarters for majors including Royal Dutch Shell Plc, Chevron Corp. and BP Plc, helped by cost cuts, analysts say. The rest of the year might not be as rosy as supply holds near record levels.
Indonesia remains unperturbed despite low coal production rates during the first half of the year as it sees the current plunge in energy prices as a chance to conserve non-renewable energy sources.
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BHP has launched an integrated remote operations centre (IROC) in Brisbane for its coal business.
The miner aims to replicate the success it had with its IROC in Perth, which controls operations right across the Pilbara, covering more than 1500 kilometres of rail, stockyards, and two separate port facilities.
Ronald-Peter Stoeferle and Mark J. Valek work at fund manager Incrementum, based in the small German-speaking principality wedged between Austria and Switzerland. The big event (for we gold watchers) is Incrementum’s annual In Gold We Trust report, the latest one coming out this week.
The government is optimistic that the country will be able to reach next year’s oil production target despite it being set slightly higher than the initially proposed figures.
NEW DELHI/JAKARTA: For many coal miners in Indonesia's resource-dependent economy, a surprise shift in India's coal industry — from big importer to potential exporter — could not have come at a worse time.
Energy and Mineral Resources Minister Sudirman Said said he warmly welcomed oil and gas company PT Medco Energi Internasional Tbk’s (MedcoEnergi) move to acquire a majority stake in copper mining firm PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in West Nusa Tenggara.