US gold and copper producer Newmont on Monday confirmed that it had received a permit from the Indonesian government to restart ore shipments, slated for this week. After striking an agreement with the Indonesian government on September 3, Newmont subsidiary PT Newmont Nusa Tenggara (PTNNT) expected copper concentrate shipments to resume this week, following ramp-up…
DetailsMr R Sukhyar, director general for coal and mineral resources at the Ministry of Energy and Mineral Resources, said that all the revised mining and coal contracts of works should likely be concluded by January 2015. The revised contracts are expected to give the Indonesian government better terms in the exploitation of its mineral resources.…
DetailsMining company PT Acset Indonusa is targeting new contracts worth 1.5 trillion rupiah ($123.9 million) this year, said Finance Director Agustinus Hambadi. The firm has booked new contracts worth 481 billion rupiah in the year to date, 32 percent of its full-year target. [Read original article here | Courtesy of Daily Mail.] The post Mining…
DetailsThe list is impressive, growing and varied — Korea’s Samsung Electronics, Taiwan’s Foxconn, a major supplier for Apple, Mitsubishi of Japan, Philippine fast-food chain Jollibee Foods and Thai green tea maker Ichitan Group. These are just some of the companies that have announced plans to invest in Indonesia or are considering setting up new production…
DetailsPT Wijaya Karya Beton Tbk, an Indonesian pre-cast concrete producer, plans to spend up to 600 billion rupiah ($51.17 million) in capital expenditure next year, mostly to finance mining projects said Finance Director Entus Asnawi. The firm, in cooperation with its parent, PT Wijaya Karya Tbk, is finalising a deal to acquire an 80 percent…
DetailsCourtesy of MiningNews.net Australian gold miner Kingsrose Mining has received the first of two outstanding permits required for commencing production at its Talang Santo project in Indonesia. Kingsrose has an 85% interest in the Way Linggo and Talang Santo projects in southern Sumatra, through its subsidiary PT Natarang Mining. It has received ministerial approval for…
DetailsBarisan Gold’s activities at the Upper Tengkereng porphyry prospect of the Barisan Copper-Gold Project in northern Sumatra are at an all-time high with two deep drill rigs operating 24 hours per day. The company has received final assay results for a hole completed earlier this year and advice from two holes that are still active.…
DetailsCourtesy of ASIA Miner News Southern Arc Minerals continues to advance discussions with a number of companies for a potential farm-in, partnership or outright sale of the West Lombok Gold, Silver and Copper Project. Since releasing the West Lombok resource estimate in July 2013 showing an inferred resource of 1.49 million ounces of gold, 1.82…
DetailsCourtesy of IndonesiaInvestment.com The construction of smelting and refining facilities in Indonesia – as stipulated in the new and controversial 2009 Mining Law – remains troublesome because several mining companies have delayed construction pending the judicial review of the 2009 Mining Law by the Constitutional Court of Indonesia. Meanwhile, Indonesia’s Association of Bauxite and Iron…
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