The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.
Indonesia Mining News
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.
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.
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'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.
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.
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.
The world's second-largest copper miner by production also said talks with Indonesia re Grasberg were advancing.
Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.
Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.
The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport’s future operations.
MICROMINE, the leading provider of software solutions to the mining industry, is excited to announce two new senior management appointments to its Indonesia office. Sahrul Hidayat will join MICROMINE Indonesia as Regional Manager and Pak Tino Ardhyanto will commence as Director of MICROMINE Indonesia. Both bring with them a wealth of knowledge and experience across the mining, resources, technology and government sectors and will provide great leadership to MICROMINE’s operations across the South East Asian region.
After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.
The fire broke out at Amamapare port facilities, where copper concentrate from giant Grasberg copper mine is processed before being loaded to ship.
The latest violent episode and temporary closure had no impact on production at the world’s second-biggest copper mine.
The Indonesian unit of Freeport-McMoRan Inc has temporarily shut the main supply route to its Papua mine after a shooting incident.
Indonesia's military said on Friday it was prepared to take tough measures against rebels who have threatened to "destroy" mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their struggle for independence.
Armed separatists have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport-McMoRan Inc’s giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights.
Global deficit in nickel supply to drop 53,000 tonnes in 2018 from 98,000 tonnes this year, partly due to recovery in Chinese production growth.
Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.
Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.
New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.
Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.
The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.
The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.