Indonesia

Newmont gets permit to restart Indonesia copper exports this week

Cecilia Jamasmie | September 22, 2014
Newmont gets permit to restart Indonesia copper exports this week

The announcement marks the end of a long-dragged dispute between the Colorado-based miner and Southeast Asian nation.

Newmont, Indonesia make peace: copper exports may resume this week

Cecilia Jamasmie | September 2, 2014
Newmont, Indonesia make peace: copper exports may resume this week

Both sides are closer than ever to ending an eight-month tax dispute over exports of the industrial metal's concentrates.

Newmont abandons mining arbitration case against Indonesia

Cecilia Jamasmie | August 26, 2014
Newmont abandons mining arbitration case against Indonesia

Operations at the miner's Batu Hijau copper and gold mine to resume soon.

Copper price tumbles on dismal China data, Indonesia exports

Frik Els | August 6, 2014
Copper price tumbles on China, Indonesia

Copper price down more than 1% after gauge of China's services economy drops to near 9-year low and restart of Indonesian exports ease supply fears.

Freeport to resume Indonesia copper exports within days

Frik Els | August 4, 2014
Freeport to resume Indonesia copper exports within days

Exports for the year could reach 756,000 tonnes after US company agrees to build smelter and sell a stake in subsidiary to locals.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Freeport, Indonesia make peace: copper exports to resume in August

Cecilia Jamasmie | July 25, 2014
Freeport, Indonesia make peace: copper exports to resume in August

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

Cecilia Jamasmie | July 24, 2014
Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.

Indonesia lifts six-month ban of metal concentrate exports

Cecilia Jamasmie | July 22, 2014
Indonesia lifts six-month ban of metal concentrate exports

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

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 to resume Indonesia copper exports within days

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.

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