Indonesia Mining News

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.

Freeport profit down 32%, to cut capital spending by $1.9bn

As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.

Bumi sees stock plummet in first day of trading after suspension

Halt was triggered by the coal miner’s failure to publish its 2012 audited full-year results.

Grasberg is up and running again

But 2013 output will be 20% less than planned.

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.