The sun sets over the horizon, yet the interstate remains alit with the glow from the headlights of commercial trucks.
Deep into the witching hour, rest stops remain devoid of the telltale sign of a day on the road's end: the row of trucks lined up along the exit. The rest stops are as empty as the cabs of these vehicles.
Due to funding constraints, the government has decided to forego the chance to increase its stake in PT Freeport Indonesia and will likely allow state-owned enterprises (SOEs) to buy the shares to be divested by the gold and copper mining giant.
Four years of falling gold prices, reduced capital expenditures and declining output from existing mines has a silver lining, no pun intended.
According to GFMS and the CEOs of some major gold companies, supply of the precious metal has peaked, offering a ray of hope for gold bulls.
As 2016 seeks to gain traction, the Indonesian mining industry finds itself in the crosswinds of a global downturn in commodity prices, combined with domestic regulatory challenges that dampen investment sentiment among both local and international mining investors.
House of Representatives Commission VII overseeing the energy sector has described a share value that PT Freeport Indonesia offered to the Indonesian government as unrealistic.
Freeport Indonesia must explain the basis of valuation for the offering price of US$1.7 billion (Rp 23.69 trillion) for 10.64 percent of its shares to the government, said Commission XI member Ramson Siagian.
PT Bruder Utama Nusantara is pleased to announce that we are the exclusive importer and distributor for
HARTL Bucket Crushers & Screeners.
HARTL Crushers™ are a market leader in the production of Bucket Crushers with production capacities ranging from 20t to 100t/hr.
HARTL Bucket Crushers are suited for any model excavator from 10T to 35T.
Gold was the shinning light amongst global market turmoil on Thursday, January 7th.
Gold jumped above $US 1100, jumping as high as $1109.90 an ounce on safe haven buying. Given the drop in the Australian dollar to 70.1c, the local spot gold price is $A1580.30/oz this morning.