State-controlled mining company PT Bukit Asam reported a 14 percent year-on-year (yoy) sales increase during this year’s first quarter amid gradually rising coal prices. The company reported that during the first three months of the year it sold 5.23 million tons of coal compared to 4.57 million tons during the same period last year.
A new app is promising to replace the CB radio, long the only form of communication for truckers. Does the appl deliver on its promise? The makers of TruckChat say their phone app is "like having a free digital CB," but does it live up to that claim?
The local operations of global oil and gas giants Chevron Pacific Indonesia and Japan’s Inpex are laying off workers to cut costs amid a global oil slump. The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) revealed that Chevron had already reduced its number of employees by 750, half of a plan to cut a total 1,500 workers between January and April this year.
The fate of PT Freeport Indonesia’s mandatory divestment process remains unclear as the Indonesian government has said the price offered by the gold and copper mining company is too expensive. Freeport Indonesia is 90.64 percent owned by US-based Freeport McMoran, and 9.36 percent owned by the Indonesian government.
The government will overhaul the management of the oil and gas sector in the country by giving more authority to state-owned company Pertamina and establishing another state enterprise with special duties. The overhaul in the oil and gas business will be part of a proposal to be included in the draft revision to the Oil and Gas Law No. 22/2001.
Kazakhstan is currently negotiating terms of a memorandum of understanding (MoU) with Indonesia for further oil and gas exploration in the former's territory. The signing of the MoU, which was initiated by Indonesia and encompasses oil, gas and other energy sectors, was previously scheduled for an earlier date, but was postponed due to technical difficulties.
On April 14th 2016, a delegation from Indonesia visited Atlas Copco’s Booth in Bauma 2016. One of the biggest expo for Construction and Mining held in Munich, Germany. The visits was part of Indonesian Delegation Agenda to cross - information of Atlas Copco product and infrastructure projects in Indonesia.
The Energy and Mineral Resources Ministry has said that government approval is required for a local group’s plan to buy a controlling stake in the local arm of Newmont Mining Corp. Prominent businessman Arifin Panigoro recently claimed that he had received approval from President Joko “Jokowi” Widodo for an Indonesian consortium to buy a controlling stake in Newmont Nusa Tenggara in a deal that insiders say could reach US$2 billion.
Publicly listed miner PT Petrosea has opted to focus on engineering and project management services to counter the impact of sluggish commodity prices. Petrosea, a subsidiary of PT Indika Energy, reported an income decrease of 40.6 percent in 2015, making US$207 million compared with $348 million in 2014.
In an era where information is power and computational data is vital to plant operators, monitoring and diagnostic systems are supporting the operation of industrial gas turbines worldwide. These systems increase the reliability of turbines powered by natural gas, providing early warning and fault diagnostics. Early fault detection can provide significant benefits, including the avoidance of unscheduled outages and equipment damage. The systems also can monitor and assist in maintaining the turbine performance.
Approximately 580, 000 people from 200 countries attended Bauma, highlighting continued strength in the global mining industry, April 11 – 17.
This attendance figure is an increase of more than nine per cent compared to previous years, with a total of 3423 exhibitors from 58 different countries showcasing their developments, innovations, and products. They presented over a record exhibition space size of 605 000m2, while 63 per cent of exhibitors came from outside of Germany, higher than previous fairs.