Indonesia Mining News

Newmont to supply Indonesian smelter with concentrate

PT Newmont Nusa Tenggara, a subsidiary of Newmont Mining Corporation, is ready to supply concentrate for national mineral processing and refining plant (smelter).

Copper soars after Freeport McMoRan declares force majeure on Grasberg mine

Measure seeks to avoid liability on existing orders after production was suspended due to an accident.

China coal import ban 'catastrophic' for small Indonesian miners

Small coal miners are already under financial pressure coming from falling prices and their rather higher costs.

Force majeure at large Chinese copper producer, supply cut by half

China’s third largest copper producer announcement comes only a few weeks after outages at two large copper mines in Indonesia and the US.

CHART: Oversupply pushes thermal coal price to 2009 levels

Indonesia, South Africa and Australia show no signs of slowing down exports despite prices at 3-and-half year lows and heading lower still.

Grasberg outage lifts copper to 2-week high

Between 100–150kt of copper will be off the market.

Falling commodity prices hit Aussie miners the hardest: profits fall 49%

The world's 40 largest miners announced a massive $45 billion in writedowns last year.

Indonesia tells Freeport to halt copper-gold mine for 3 months

The world's No. 2 copper mine has been practically halted from May 14 at estimated cost of about $15 million a day in lost production.

Grasberg could stay shut for two months after Indonesia minister calls for halt

Indonesia orders all production stopped at Freeport mine until an independent investigation – which is expected to take two months – is completed.

New accident jeopardizes Freeport's Indonesian copper supply

Strained relations between the company and labour unions casts doubt on whether the mine will be able to ship to customers.

Freeport reopens pit mining at Grasberg in Indonesia

Underground mining is still suspended while a safety inspection is conducted.

Freeport execs face probe over collapsed tunnel in Indonesia, mine to restart soon

Nine of the 12 witnesses questioned so far are top executives of PT Freeport Indonesia.

Copper peaks to six-week high on supply concerns due to Grasberg suspension

It reached $7,525, its highest level since April 12.

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

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

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

Ten Bumi executives desert the 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

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

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

Plans to take control of Indonesian coal assets thwarted.

Fresh blow to Nat Rothschild in Indonesian coal boardroom brawl

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'

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

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

Barisan Gold extends two of Its exploration licenses

Barisan Gold wishes to inform shareholders that that two of its majority-owned Indonesian subsidiaries, PT Linge Mineral Resources and PT Takengon Mineral Resources, have received extensions to their Exploration Izin Usaha Pertambangan.

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

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