Macmahon Holdings, which is a takeover target of leading contractor Cimic, has unveiled an agreement for what it calls a “potentially transformational transaction” that also raises doubt about its suitor’s acquisition plans.
Macmahon has locked in an agreement that would see it become the mine services contractor for PT Amman Mineral Nusa Tenggara (AMNT) at the Batu Hijau copper-gold mine in Indonesia.
Indonesian government declared coal benchmark price rose in May, government data showed.
The government’s policy flip-flop in the mining sector, which has led to a prolonged dispute with gold and copper miner PT Freeport Indonesia, will likely damage the country’s investment climate, in the long run, should there be no good will to accommodate the interests of all stakeholders, experts and analysts have suggested.
Indonesia is targeting to produce four million tons of nickel by 2020. This volume will allow Indonesia to become a world supplier to contribute 10 percent to the 40 million tons global demand per year.
Indonesia expects current efforts to strengthen its processing sector, especially for nickel, will bear fruit by 2020, at which point it expects to produce at least 4 million tons of downstream nickel products annually, about 10 percent of total global demand.
Recently, the Ministry of Energy and Mineral Resources (Ministry) issued regulation number 9/2017 on Procedures for Divestments and Mechanisms to Determine the Divested Share Price for Business Active in the Minerals and Coal Sector (New Regulation).
The DigitalGPSLock System has been launched by SatNetCom, an ALL-IN-ONE near-real-time alarm based lock/unlock/tamper and GPS tracking system.
Following increasing demand in recent years, coal is projected to overtake natural gas by 2030 to become the largest source of power in Southeast Asia.
Some power plants in China are now using liquid or chemical coal. Several Chinese companies want to invest in coal processing industry Indonesian Ambassador for China and Mongolia, Soegeng Rahardjo, said said in Beijing on Wednesday, May 5, 2017.