Rio Tinto has posted mixed production results, showing year on year increases in iron ore, but quarter on quarter declines. It has also lowered its iron ore guidance for 2017. The miner recorded a 13 per cent increase year on year in its global iron ore production rates, with 84 million tonnes produced, however this figure was four per cent less than it produced in the fourth quarter of 2015.
The State-Owned Enterprises (SOEs) Ministry is in discussions with oil and gas firm PT Medco Energi Internasional concerning its possible acquisition of a controlling stake in the local arm of Newmont Mining Corp.
The ministry’s assistant for mining, strategic industry and media, Fajar Harry Sampurno, said over the weekend that his office had talked with the publicly listed company about the plan.
PT Bruder Utama Nusantara (BUN) is pleased to announce a distributor agreement with DIECI S.r.l. Italy to carry their range of Telescopic Handlers, Self-loading Concrete Mixers and Dumpers in Indonesia.
Dieci is the manufacturer of class leading ranges of Telescopic telehandlers, Mixers and Dumpers for Construction, Industry and Agricultural uses. Dieci produced their first telescopic handler in 1983 (the first in Europe) and have been producing cement Truck mixers since 1962.
Thiess has won two contracts for work in Indonesia and Australia The group was awarded a three year contract extension for its work at the Melak coal mine, in Indonesia.
The contract, worth $180 million, sees the miner continue operations at the East Kalimantan site until December 2019. “The Melak contract extension is a testament to our performance at the mine since 2008; we are pleased to extend our partnership with the Bayan Group,” Wright added. Also recently awarded was a 14 month contract award for underground mining at BHP’s Nickel West’s Leinster 1A orebody.
There are two fundamental reasons training is often a bust. First, training aimed at solving a problem is usually directed toward the outcome of the problem, the SYMPTOM – weight in the case of obesity – not the underlying systemic factors that are coming together (too much food, too little exercise) to produce the obesity – the problem.
Second, if training is focused on imparting information (i.e. primarily talking), it will always fall short of producing the long-term behavioral change required to achieve the desired results. Training fails when we do not have a way for participants to test, practice and transfer what they have heard in the classroom to their roles on the job.
On the outside it seems a contradictory proposition: using data to match the “perfect” shipment to the “perfect” truck allows shippers to cut costs while increasing profits for motor carriers. Yet that is the theory behind “smart capacity” that is driving the technological underpinnings of the “Uber for Freight” movement.
“Rarely is there a perfect match between a shipment and a truck,” Abtin Hamidi, co-founder of Cargo Chief, explained to Fleet Owner. “There’s always a compromise of some sort that can result in deadheading or service failures.”
GOOD start May with bullion above $1290 per ounce.
The Metals & Mining sub-index on the ASX200 rose over 1.8% led by a strong investor interest in gold stocks that saw that area of the market rise by about 5.1%. Interest was less strong in the diversified patch, though miners there were still in positive territory in recording a near 1.3% gain. It was US dollar weakness that fuelled the strong demand for bullion, and gold equities lapped up the attention.
The World Bank projects the Indonesian economy to grow at 5.1 percent this year, 0.2 percent lower than its forecast projection in December, due to weakened external conditions and lower revenue growth, according to a World Bank report released on Tuesday (15/03).
Government spending on infrastructure is driving Indonesia's growth recovery, but more private investments are needed to ensure sustainable growth.
"A more solid recovery depends on strong private sector investment, which requires sustained and comprehensive regulatory reforms to improve the business climate," Rodrigo A. Chaves, World Bank country director for Indonesia, said in the statement.
A miner who received brain damage in a traffic accident after his shift is suing his employers for $2.5 million. The BMA Coal miner, Harold Kerle, worked as a machine operator at the Norwich Park mine when the incident occurred, according to The Morning Bulletin.
In late 2008 Kerle had just completed a night shift and was driving home, allegedly in a state of fatigue, when his car left the road and collided with a bridge. He has since suffered head injuries, structural brain damage, and ‘flashes of memory’. Kerle is now suing BMA and contractor HMP Constructions for $1.25 million, and employment company Axial HR for $1.2 million
Jakarta. The Indonesian government's policy reforms and focus on infrastructure development have started to contribute to the country's economic growth, returning confidence to investors and businesses in recent months, global debt rating assessor Fitch Ratings said in a statement published on Friday (01/04).
According to a survey involving 100 attendees at Fitch Ratings' credit briefing in Jakarta on March 16, over half of the respondents felt that the country's economic cycle had shifted to a recovery.
"When asked about positioning, over half felt that it was the right time to increase investment in Indonesia, versus just over 40 percent who responded that they would stay neutral, and only 3 percent who advocated a decrease," the ratings assessor said.
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