Indonesia's Ministry of Energy and Mineral Resources has revoked the mining license of the country's only hard coking coal miner Asmin Koalindo Tuhup, with the miner looking to contest the ruling, sources aware of the matter confirmed Monday.
Indonesia's plan to establish a holding company for state-owned miners could create a new giant with Rp 90 trillion ($6.6 billion) in assets, putting the miners in a better position to raise new funding to manage the country's natural resource wealth.
* Indonesia, Australia thermal coal output down from 2013 peaks
* At the same time, North Asian coal demand has risen
* Newcastle coal prices doubled between 2016-2017
* Outlook for 2018 is less firm as output rises, demand stutters
The government is preparing to make a detour from its course to acquire gold and copper miner PT Freeport Indonesia (PTFI), in which it might have to persuade Anglo-American miner Rio Tinto to sell its participating interest in Papua’s Grasberg mine, the world’s largest gold and second-largest copper mine.
The government may be running out of time in its quest to revise 102 mineral and coal contracts by 2017 as dozens of mining firms remain reluctant to comply with prevailing tax and duty laws.
BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce the completion of its jetty at Kuala Cenaku, in Riau province, Indonesia.
Trakindo the Indonesia Caterpillar CAT dealer achieved a 100% WiFi coverage area over the entire BUMA Adaro mining operation areas utilizing SNC MineComms WiFi technology.
BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry.
Indo Mines Limited (ASX: IDO) ('Indo Mines' or the 'Company') refers to the proposed off-market takeover bid from PT Surya Langgeng Utama (the 'Bidder'), a wholly owned subsidiary of PT. Rajawali Corpora, which is known as Rajawali Group ('Rajawali') announced this morning.