Indonesia

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Cecilia Jamasmie | July 17, 2014
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."

Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

Cecilia Jamasmie | July 11, 2014
Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

The transaction would be worth over $2 billion.

Freeport, Indonesia reach preliminary deal over copper exports

Cecilia Jamasmie | July 7, 2014
Freeport, Indonesia reach preliminary deal over copper exports

Newmont, instead, was called to return to the negotiation table or face the consequences.

Freeport-McMoran mulls selling one of largest copper mines in Chile

Cecilia Jamasmie | July 3, 2014
Freeport-McMoran mulls sale of one of largest copper mines in Chile

Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.

Asia Resource Minerals chairman steps down after investor uprising

Cecilia Jamasmie | June 27, 2014
Asia Resource Minerals chairman steps down after investor uprising

The scandal-struck Indonesian coal miner formerly known as Bumi, did not re-elect Chris Walton at the annual shareholder meeting Friday.

Indonesia ban keeping nickel price on the boil

Frik Els | June 17, 2014
Indonesia ban keeps nickel price on the boil

Philippines and New Caledonia can't supply enough laterite nickel ore to China.

Freeport, Indonesia make headway towards settling copper exports impasse

Cecilia Jamasmie | June 17, 2014
Freeport, Indonesia make headway towards settling copper exports impasse

The parts agreed on basic framework for contract renegotiations for Grasberg mine.

Asia Resource Minerals shows CEO von Schirnding the door

Cecilia Jamasmie | June 12, 2014
Asia Resource Minerals shows CEO von Schirnding the door

The company, until recently known as Bumi, has named independent director Amir Sambodo as Nick von Schirnding’s successor.

Report: Thermal coal price forecasts too pessimistic

Frik Els | June 11, 2014
Report: Thermal coal price forecasts too pessimistic

Macquarie says sub-$65 unlikely because first Indonesian and then Australian producers will drop out of the market around these levels.

Newmont halts all operations in Indonesia, declares force majeure

Cecilia Jamasmie | June 5, 2014
Newmont halts all operations in Indonesia, declares force majeure

The company is putting about 80% of its Batu Hijau mine employees on leave at reduced pay from Friday.

Newmont stops copper output at Indonesia mine

Cecilia Jamasmie | June 3, 2014
Newmont stops copper output at Indonesia mine

The miner said its concentrate storage facilities have reached full capacity and that it is still trying to delay putting its employees on paid leave at reduced compensation

Newmont Mining may halt Indonesia operations

Julienne Bay | May 7, 2014
Newmont Mining may half Indonesia operations

The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.

Resource rich countries lead global conflict and political violence index

Cecilia Jamasmie | May 7, 2014
Resource rich countries lead global conflict and political violence index

Levels of conflict and political violence have risen significantly in 48 countries, most of them considered traditional mining destinations.

Wood Mackenzie says Indonesia export ban points to questions over China’s long-term bauxite supply

Wood Mackenzie | May 1, 2014
shutterstock 333 indonesia map

In light of the Indonesian mineral ore ban that came into force on January 12th 2014, Wood Mackenzie says the aluminium industry – particularly in China – faces a challenge to address a growing shortage of the raw material bauxite, an aluminium ore.

Opposition on track to victory in Indonesian poll

Deutsche Bundesbank | April 3, 2014

Miners are worried about potential twists and turns in policies as well as Indonesia's inability to improve the country’s poor infrastructure and rising labor costs.

BHP bullish on coal demand, but says prices to remain weak

Cecilia Jamasmie | April 2, 2014
BHP bullish on coal demand, but says prices to remain weak

The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.

Copper at 8-month low on disappointing China exports

Cecilia Jamasmie | March 10, 2014
Copper at 8-month low on disappointing China exports

Shanghai copper, in turn, went down beyond its 5% daily limit on Monday, hitting its lowest in more than four years.

Alberta most attractive mining destination in Canada, third worldwide

Cecilia Jamasmie | March 3, 2014
Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Trouble with Indonesian government leads to Newmont downgrade

Ana Komnenic | February 4, 2014
Batu Hiijau mine, Newmont Mining

Analysts warn of increasing government pressure on miners in other jurisdictions as well.

Dr Doom: Be afraid, but not very afraid of emerging market crises

Frik Els | January 31, 2014
Dr Doom: Be afraid, but not very afraid of emerging market crises

While many emerging markets are teetering right now, noted economist Nouriel Roubini says chance of a fully-fledged crisis is low.

Trade minister: All Indonesia ore and concentrate shipments halted

Frik Els | January 24, 2014
Trade minister: All Indonesia ore and concentrate shipments halted

The steep, last minute metal concentrate tax slapped on copper miners has brought exports to a standstill.

Report: China may use influence to soften Indonesia's nickel ore ban

Frik Els | January 20, 2014
Report: China may use influence to soften Indonesia's nickel ore ban

The reaction of the nickel price has been subdued and a new report suggests China may enter the political fray in Indonesia to protect its steel industry.

Nickel price: Indonesia ban not enough to lift oversupplied market

Frik Els | January 14, 2014
Nickel price: Indonesia ban not enough to lift oversupplied market

Top exporter Indonesia's ban on ore shipments largely off-set by record global stockpiles of ore and metal and rising mine output.

Indonesia ban rocks nickel market

Frik Els | January 12, 2014
Indonesia ban rocks nickel market

Against expectations of a last minute climbdown by authorities, Indonesia's nickel, bauxite and tin ore ban went into effect Sunday.

Grasberg lifts copper price to near 3-month high

Frik Els | December 13, 2013
Grasberg lifts copper price to near 3-month high

The spot market for copper is extremely tight with premiums over 3-month contracts touching 18-month highs and Indonesia's export ban adding uncertainty.

Miners warned about Indonesia, Brazil, India and South Africa investments

Cecilia Jamasmie | December 12, 2013
Miners warned about Indonesia, Brazil, India and South Africa investments

Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.

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