Copper and gold mining giant Freeport Indonesia has obtained a special mining permit (IUPK), which will be effective for eight months, starting on Feb. 10, while the firm continues to negotiate with the government.
China's thermal total coal import in 2017 is expected to surge by about 30 million mt over that in 2016, on the back increasing power generation, according to Noble Group.
Indonesia's largest thermal coal mining company, PT Bumi Resources, has announced that its planned rights issue will take place from May 26 to June 8. The move is part of the company’s efforts to restructure commercial debt amounting to US$4.2 billion.
A group of people claiming to be employees of gold and copper miner PT Freeport Indonesia has traveled from Papua to Jakarta to rally in front of the Energy and Mineral Resources Ministry, urging the government to immediately resolve its dispute with the company.
PT BUN in partnership with 3D DATA Guidance is the exclusive distributor of Spade Blade™ in Indonesia. An Australian designed high production dozer blade, the innovative new loading design of the Spade Blade™ provides extensive productivity and efficiency benefits to an operation.
Shareholders are pressuring miner Freeport-McMoRan to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday.
State-owned oil and gas giant Pertamina has allocated at least US$5 billion in capital expenditure in 2017 to fund its ambitious refinery development plans.
Several Papuans dance during a demonstration of Freeport workers in front of the Energy and Mineral Resources Ministry in Jakarta on Tuesday.
The iron ore price has dropped to its lowest mark in almost a month after sliding below $US90 a ton overnight. It was the first time iron ore had been below $US90 a tonne since February 10, with the price for 62 per cent fines finishing at $US89.73, a 1.7 per cent fall on the previous trading day. Iron ore is still almost 14 per cent higher this year. The iron ore price reached a 2017 high of $US94.86 a tonne on February 21.