Indonesia Mining News

Freeport, Indonesia make headway towards settling copper exports impasse

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

Asia Resource Minerals CEO von Schirnding steps down

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Freeport may have to cut Grasberg output by 40%

The miner would need to lay off about 30,000 employees and dozens of contractors if it is not allowed to ship concentrates from the Indonesia.

With one month to go, Indonesia ban has nickel on knife's edge

With record ore and metal stockpiling in anticipation of supply disruptions, if Indonesia's January 1 ban proves a damp squib, nickel prices could tumble again.

Bumi closer to split with the Bakries, says lacks proof family has cash for it

Miner called shareholders to approve the long-sought separation on December 4.

Indonesian export ban threat breathes new life into nickel price

Nickel price up 5% in October as Indonesia stays firm on 2014 unprocessed mineral and metal export ban.

Fresh threats for Freeport’s Grasberg copper-gold mine in Indonesia

Output may be affected by a ban on unprocessed ore exports that takes effect in 2014.