Indonesia Mining News

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

Freeport, Indonesia work out Grasberg deal

US copper giant to be given temporary exemption under new mining rules to resume copper exports from Grasberg mine.

Freeport may resume copper exports from Indonesia in ‘a day or two’ — authorities

Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.

Report: Freeport can ride out Grasberg storm

Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.

Freeport shares plunge on Grasberg troubles

World's largest listed copper miner said Indonesian export ban will force it to slash spending and operate its giant Grasberg operations at 40% capacity.

Nickel prices plummet as Indonesia eases export ban

Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.

Indonesia: Rigorous coal-lending guidelines in banking sector’s best interest

A sustainable financial-sector roadmap for Indonesia must aggressively incorporate rigorous environmental and social standards into the credit-risk framework.

The world's hardest working gold mines

Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.

Nickel price rally 'on shaky ground'

Partial lifting of Indonesia ore ban could make up any potential Philippines export losses.

Foreign miners pull up stakes in Indonesia

Newmont Mining’s exit after more than 30 years illustrates mining companies’ growing difficulties there.

More Grasberg uncertainty for Freeport

No early talks on Indonesia licence extension, export permit expiring next week still being negotiated.

Newmont selling Indonesian unit for $1.3 billion

With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.

Cautiously optimistic about nickel price

Nickel's jumped back above $9,000 and the outlook is for steady price increases through 2019 despite possible lifting of Indonesian export ban – report.

Freeport axes oil and gas workforce as it posts sixth straight loss

The company, which is the US biggest miner by market value, is cutting 25% of its workforce to reduce debt.

Newmont Mining investigating bribery allegations

The gold and copper miner didn’t specified where the alleged misconduct took place.

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

Indonesian group to buy control of Newmont unit for $2 billion

Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.

Indonesia could deplete coal reserves by 2033 – PwC

Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.

Indonesia to ease mineral export ban from 2017

The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.

Indonesia sends team of experts as worker still trapped at Newcrest mine

The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.

Indonesia, Freeport fail to reach deal over copper export permit

The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.

Freeport Indonesia boss steps down

Maroef Sjamsuddin's decision comes less than a month after the chairman of the U.S. mining giant stepped down.

Miners, commodities traders brace for La Niña

The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.