Indonesia

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Freeport's Indonesian miners end strike, Aussies told to avoid travelling there

Cecilia Jamasmie | May 3, 2013
Freeport's Indonesian miners end strike, Aussies told to avoid travelling there

Workers at Freeport’s Grasberg mine ended strike, but Australian government tell citizen to avoid travelling to the area where the mine is located.

Workers strike at Freeport's Indonesian mine

Kerry Hall | May 2, 2013
Grasberg mine

Labourers at the Grasberg mine expansion say the work stoppage could last for a month.

Being ‘good looking’ will land you a mining job in Indonesia

Cecilia Jamasmie | March 21, 2013
Being ‘good looking’ will grant you a mining job in Indonesia

An Indonesia-based coal miner posted an ad asking for “good looking” single females under 25.

Ten Bumi executives desert the ship

Cecilia Jamasmie | March 8, 2013
Ten Bumi executives desert the sinking ship

The firm is moving forward with the separation plan from the Bakrie Group and London-listed parent Bumi Plc.

Warehouse stocks surging 40% just the start of copper sea change

Frik Els | March 6, 2013
Warehouse stocks surging 40% just the start of copper sea change

Large buyer sees the most metal on offer for the first time in seven years.

Fraser Institute ranks Finland and Sweden top mining destinations

Cecilia Jamasmie | February 28, 2013
Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Rothschild loses Bumi boardroom battle

Frik Els | February 21, 2013
Rothschild loses Bumi boardroom battle

Plans to take control of Indonesian coal assets thwarted.

Fresh blow to Nat Rothschild in Indonesian coal boardroom brawl

Frik Els | February 7, 2013
The great mining CEO purge

Advisory firm tells shareholder to vote against some of his proposals.

Rothschild-Bakrie mess makes London bourse look 'second-rate', fit only for 'speculative mining plays'

Frik Els | January 30, 2013
Nat_Rothschild_2009_YouTube

The saga has tarnished the Rothschild and Bakrie dynasties, but the LSE deserves much of the blame.

Rogue trade: Things just got a whole lot worse for Rothschild-Bakrie venture

Frik Els | January 3, 2013
Things just got a whole lot worse for Rothschild-Bakrie venture

Embattled Bumi Resources swings into $652 million loss after derivative trade goes wrong.

Chinese thermal coal imports jump 30% to record high as Beijing ends domestic price caps

Frik Els | December 21, 2012
CHART: China's totally crazy coal consumption growth

After a 32% decline in steam coal prices since January, things are looking up for 2013.

Bumi spurns Rothschild's proposal in business clash with Bakries

Marc Howe | December 13, 2012
Rothschild loses Bumi boardroom battle

Embattled Indonesian miner Bumi has decided to toss its lot in with the prominent Sumatran business dynasty

NALCO could call off Indonesia project over approval delays

BrightWire News | December 10, 2012

National Aluminium Company could put a halt to its planned aluminium smelter and captive power plant project in Indonesia should it manage to get clearances and coal linkages for a similar project in Odisha.

Investors simply hate Freeport's $20bn oil-gas buy

Frik Els | December 5, 2012
Investors simply hate Freeport's oil and gas buy

Stock closes 16% lower – more than 150 million shares dumped.

Newcrest sells 7.5% stake in Indonesian gold mine to PT Antam

BrightWire News | December 2, 2012

Newcrest Mining announced the sale of its 7.5% stake in Indonesia's Gosowong gold mine to PT Antam for $160 million.

Indonesia’s tin mining brings more problems than wealth: report

Cecilia Jamasmie | November 25, 2012
Indonesia’s tin mining brings more problems than wealth

Tin mining is a profitable but damaging trade that has scarred the Indonesian island of Bangka, a granite outcrop just east of Sumatra, reports English newspaper The Guardian.

Robert Friedland joins Rothschild-Bakrie fight over Indonesia coal mines

Frik Els | November 22, 2012
Nat Rothschild ropes in Robert Friedland to take back Bumi

Nat Rothschild is roping in mining legend Robert Friedland to wrest control of London-listed Bumi from Indonesia's Bakrie dynasty.

Newmont recognized by Carbon Disclosure Project for third consecutive year

Company's Press Release | October 29, 2012
green_energy_coal_rare_earth

Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.

Indonesian businessman warns foreigners of local investment perils

Marc Howe | October 26, 2012
Balinese_mask_Indonesia

A prominent Indonesian businessman has warned foreign miners of the perils of investing in his own country over the next two years due to new laws which curb overseas ownership.

Chinese businesses rush to Indonesia in lead up to mineral export ban

Marc Howe | October 22, 2012
Chinese_money

Chinese investors and suppliers are flocking to Indonesia in the lead up to the archipelago nation's imposition of a ban on mineral exports in 2014.

Bumi bummer: Rothschild dynasty sucked into Indonesian black coal hole

Frik Els | October 21, 2012
Nat_Rothschild_2009_YouTube

‘Nat Rothschild will never raise another dollar from anybody.’

Indonesia threatens 'harsh measures' against miners who dismiss workers

Frik Els | October 8, 2012
northern_sumatra_grand_mosque_indonesia

Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.

Newmont plans job cuts in Indonesia as production lags

BrightWire News | September 28, 2012

Newmont cut its 2012 production target forecast for its Batu Hijau Indonesian mine from 114,000 ounces of gold and 192 million pounds of copper to 71,000 ounces of gold and 170.6 million pounds of copper.

Grasberg ethics slap, royalty hike, state control tussle can't stop Freeport's upward march

Frik Els | September 28, 2012
grasberg_nasa_tear_333

The counter is up 25% since July 25 when news first emerged that Indonesia has "requested" 51% of Grasberg, the world's largest gold and number three copper mine.

Chinese reforms anticipate sustained decline in coal prices

Marc Howe | September 24, 2012
Shanghai-skyline_monochrome

Slated reforms to China's pricing system for the carbon fossil fuel indicate that the country's leading decision-makers anticipate a sustained decline in global spot prices.

Freeport asked to up Indonesian royalties to 10%

Cecilia Jamasmie | September 20, 2012
tax increase

Freeport currently pays 3.5% for mining copper in Indonesia, Southeast Asia’s largest economy, and 1% for gold.

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