Nickel touched a near one-year low of $8,700 per ton on the London Metal Exchange (LME) last week.
The Northern Miner recently spoke with Andy Roberts, Wood Mackenzie’s research director of global thermal coal markets, to get an overview of the sector.
With a few measures at hand, mining services firm PT Alfa Energi Investama is bracing itself to cope with the adverse impacts of continuing coal price fluctuations and boost its revenues.
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).