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Churchill Mining to seek over $2 billion from Indonesia

London-listed Churchill Mining will take the Indonesian government to international arbitration and seek more than $2 billion in compensation in a dispute over a huge coal asset.

Burma cancels coal plant after opposition: official

Myanmar cancelled a proposed coal-fired power plant at a Thai-led industrial site Monday citing "environmental problems", an energy official said, in the latest sign of burgeoning reform.

Pan Asia Corporation receives $1m commitment from Kopex for Indonesian thermal coal project

Thermal coal company Pan Asia Corporation (ASX: PZC) has clinched $1 million in funding from Kopex for drilling through to final feasibility study at its flagship TCM coal development project in South Kalimantan, Indonesia.

Xstrata, Highlands push back PNG study to end-2012

Miners Xstrata Copper and Highlands Pacific have delayed the completion of the feasibility study for the Frieda River joint venture copper/gold project, in Papua New Guinea, by 11 months. Xstrata was initially schedule to deliver the study in January 2012, to maintain its 81.82 percent shareholding in the project.

Indochine Mining kicks off drilling near Barrick's Porgera gold mine in PNG

Indochine Mining (ASX: IDC) has commenced the first phase of a drill programme of up to 10,000 metres at its Mt Kare gold/silver project in Papua New Guinea, designed to generate core for metallurgical test work. Mt Kare is potentially a two million ounce gold/silver deposit.

Indonesia underground thermal coal mine to start production April 2012

Kusuma Raya Utama, an Indonesian-Chinese joint venture, is planning to begin production at its second underground thermal coal mine, located in Bengkulu on the Indonesian island of Sumatra, in April 2012, an official with an associate company said...

Taiwan's China Steel in talks to defer ore, coal shipments

19-NOV-2011 Intellasia | Business Week Free newsletter - click here China Steel Corp., Taiwan's largest producer, is in talks with BHP Billiton Ltd, Rio Tinto Group and Vale SA to delay or cut iron ore and coking coal deliveries as lower output red...

Workers at Newmont Indonesia on strike-official

Newmont Mining Corp's Indonesian unit said output was unaffected at its copper and gold mine even though 400 workers had gone on strike in a dispute over working shifts. "It is true that around 400 workers are on strike due to working shifts,&...

Coal miner Bumi says output on track after Q3 jump

Coal miner Bumi Plc, a venture between financier Nat Rothschild and Indonesia's Bakrie family, said it was on track to hit its 2011 output goal after a 35 percent rise in third-quarter production, with prices ahead of expectations. Indonesia-focuse...

BHP Billiton to begin work on Indonesia coal project

BHP Billiton Ltd said Thursday it plans to begin work on the $1.34 billion IndoMet coal project in Indonesia within weeks, a move that would open up a new mining area to help meet Asian demand.

Vietnam's gold firms make huge profits

Local gold prices often higher than the world price by 2 million dong/tael and gold import policy has contributed to helping a number of gold trading firms make huge profits.

Iron ore and copper reflect China's wave of selling

Iron ore fell to its lowest level of the year and copper plunged more than 6 per cent as Chinese investors led a wave of selling across industrial commodities markets amid concerns of a global economic slowdown. The sharp falls came as the eurozone deb...

Thousands strike at US mine in Indonesia

About 9,000 staff at Freeport McMoRan's huge gold and copper mine in eastern Indonesia began a month-long strike Thursday to demand better pay, as hundreds of police watched over them.

China warns of Australia mining boycott over new rules

Chinese business leaders have warned of an investment strike over a decision by Treasurer Wayne Swan to impose a two-stage foreign approval process for resource exploration and mining.

French miner Eramet to invest $450m in Halmahera Nickel project

10-SEP-2011 Intellasia | Jakarta Globe Free newsletter - click here In a move expected to give eastern Indonesia an economic boost, a French mining group plans to invest in a nickel mining project in North Malaku. "Eramet will have spent around $450

Vietnam to limit number of gold traders

Only several specific enterprises and credit institutions designated by the State Bank of Vietnam (SBV) are entitled for gold trading. Earlier on 24 February 20011, the government asserted strong determination to closely monitor gold trading.

Indonesian workers end strike at biggest gold mine

Thousands of workers at one of the world’s biggest gold and copper mines started returning to work Wednesday, ending a nearly two-week strike that brought operations to a standstill. Union chief Sudiro, who goes by only one name, said the decision was made after Freeport-McMoRan’s management agreed to reinstate six fired labor leaders and reopen negotiations about wages and benefits on July 20.

Coal for export may suffer high tariff

A source from Ministry of Finance said that the agency is drafting an export tariff frame on coal, accordingly the expected tariff may be raised to 20 percent instead of current 15 percent. This is seen as one of measures to control and curb export of material coal while the resource is running out.