Indonesia Mining News

Giant mine spewing waste for decades turns into battleground

Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.

Nickel price is soaring

Up 75% in a year battery producers stock up on high grade exchange-held metal in anticipation of electric vehicle boom.

Indonesia's Adaro says Australia approves Kestrel coking coal mine deal

Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine.

Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

As follow-up to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste at Grasberg.

Freeport’s Grasberg jujitsu move will pay off

There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.

Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.

India's thermal coal imports rise over 15 pct in Q1 – trader

India's rising coal imports are contributing to higher demand across Asia this year.

Asia coal industry sees blue skies, ignores storm clouds: Russell

While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.

Indonesia grants tin export permits to 12 companies including PT Timah

The country's biggest tin miner PT Timah Tbk received a permit to ship 32,305 tonnes.

Indonesia sees coal output flat in 2019 amid equipment shortage

Amid concerns Indonesia could exhaust existing minable coal reserves of 13 billion tonnes 25 years, the government is considering measures to push miners to carry out exploration work before they can obtain permits to increase output.

Indonesia's Timah Q1 refined tin output down 23 pct

Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement.

Grasberg hardball scores an own goal for Indonesia: Gadfly

The most drawn-out deal in the global mining industry looks set for another round.

Indonesia's Adaro targets 35 pct growth in coking coal output

Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017.

Indonesia expected to drop $19 bln worth of infrastructure projects

These projects will be dropped if they don't meet some requirements by the third quarter of 2019.

Global bauxite production to grow: BMI

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

Indonesia coal miner Bumi posts record profit, sees 10 pct output rise

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

Indonesia's Inalum expects to line up Freeport sale bank financing soon

Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc.

These charts show just why copper price fundamentals are so strong

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

Indonesia revises new domestic coal price cap to mid-March — official

The cap, which was set at $70 per tonne for two years for coal with a calorific value of 6,322 kilocalories, will now apply from March 12, revised from Jan. 1, 2018 previously.

Indonesia to lead nickel production: BMI

The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.

Indonesia hands Freeport, Amman, quota for 2018 copper exports

Freeport McMoRan Inc was issued a quota to export 1,247,866 wet metric tonnes (wmt) of copper concentrate up to Feb 15, 2019.

Freeport, Amman awaiting green light on 2018 Indonesia copper exports

Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its Batu Hijau mine on the island of Sumbawa.

Gold price: 9 straight years of record annual mine production

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

Rio Tinto talks loom as a lifeline for Freeport in Indonesia

When it comes to finally reaching a deal to secure Freeport-McMoRan Inc.’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court.

Freeport profit pops higher; miner makes progress in Indonesia

The world's second-largest copper miner by production also said talks with Indonesia re Grasberg were advancing.