R/€ = 14.67 Change: -0.03
R/$ = 11.96 Change: 0.01
Au 1314.38 $/oz Change: -0.19
Pt 945.50 $/oz Change: -6.51


Indonesian President wants to wrap up talks over purchase of Freeport unit by end-April

By: Reuters     5th March 2018 Indonesia's President Joko Widodo has instructed his administration to complete negotiations over the purchase of a majority stake in Freeport-McMoRan's local unit by the end of April, a Cabinet Minister said on Monday. "According to the President, it should be wrapped up before the end of April,... 

Major quake cuts communications, halts oil and gas operations in Papua New Guinea

By: Reuters     26th February 2018 At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and gas operations. The tremor hit in the rugged, heavily forested Southern... 

Freeport, Amman awaiting green light on 2018 Indonesia copper exports

By: Reuters     15th February 2018 The Indonesian unit of Freeport-McMoRan and fellow copper miner Amman Mineral Nusa Tenggara (AMNT) are waiting for last-minute mining ministry approvals to their applications to extend copper concentrate exports, company officials said. Freeport's export permit for Grasberg, the world's... 

Coal buyers spooked by Indonesia's new shipping rules – association

By: Reuters     8th February 2018 Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday. Jakarta issued rules in October requiring coal and palm oil... 

Rio Tinto talks loom as a lifeline for Freeport in Indonesia

By: Bloomberg     26th January 2018 When it comes to finally reaching a deal to secure Freeport-McMoRan’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court. Over an almost two-hour conference call Thursday, CEO Richard Adkerson made it clear that the company’s efforts to get a... 

Successfully delivering results 15 years after commissioning

     25th January 2018 For 25 years, Immersive Technologies has been working with mining companies across the globe to achieve Real Results in operator safety and productivity – these partnerships have for many years driven quantifiable operational improvement. Successfully achieving these results means consistently... 

Virtual Reality Training, WorksiteVR Quest: A Leap Forward in Personnel Induction at Rio Tinto’s Oyu Tolgoi Mine.

     25th January 2018 Immersive Technologies developed a series of WorksiteVR Quest virtual reality scenarios designed to facilitate a blended learning model in conjunction with eLearning and practical activities. Mine site inductions are necessary however often dry, boring, and... 

Indonesia lays groundwork for transfer of Grasberg mine to local control

By: Reuters     12th January 2018 Indonesian regional and central government officials on Friday signed an agreement with state holding company PT Inalum that lays the foundation for the transfer of Freeport-McMoRan's giant Grasberg copper mine to local control. Indonesia and Papua have long pushed for greater control over... 

Indonesia hopes to finalise Freeport contract talks by June

By: Reuters     11th January 2018 Indonesia hopes to finalise contract talks with Freeport McMoRan over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday. Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to... 

Rio Tinto not expected to relinquish interest in Freeport Indonesia until 2022 – govt official

By: Reuters     15th December 2017 Rio Tinto is not expected until 2022 to relinquish its interest in the giant Grasberg copper mine in Indonesia operated by the local unit of Freeport McMoRan, a government official said on Friday. "In 2022 it will automatically convert to a shareholding," the official said, referring to Rio's... 

Rio is said to hold talks with Indonesia on Grasberg mine exit

By: Bloomberg     20th October 2017 Rio Tinto Group has held talks with Indonesian groups, including State-owned PT Indonesia Asahan Aluminium, about a possible exit from its interest in the giant Grasberg copper and gold operation, according to people with knowledge of the matter. Executives at Rio held meetings in recent weeks,... 

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

Weir Minerals expands its unique service network to be even closer to customers around world

     7th September 2017 With changing market conditions and improvement expected over the next two years, Weir Minerals is positioning itself even closer to its customers. The company has announced its ambitious growth plans, building upon its leading 130 service centres strategically positioned across the globe.... 

Jakarta bound for Mining 2017 Indonesia

     5th September 2017 RCT is joining channel partner Linindo Pacific International (LPI) in Jakarta for Mining Indonesia, from September 13 – 16. The 18th International Mining and Minerals Recovery Exhibition is Asia’s largest mining equipment exhibition; providing a professional platform for the industry to do... 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Indonesia allows exports from Freeport mine in stop-gap deal

By: Bloomberg     4th April 2017 Indonesia has issued a temporary mining license to Freeport-McMoRan Inc.’s local unit that will allow the company to resume concentrate exports from the world’s second-largest copper mine at Grasberg after a gap of about 12 weeks. The permit is valid for eight months from the time that the... 

Indonesia’s biggest coal miner sees first profit since 2011

By: Bloomberg     9th February 2017 PT Bumi Resources will post its first annual profit in five years as a rally in fuel prices help Asia’s biggest exporter of thermal coal push through a debt restructuring. The company, controlled by the family of Indonesian politician Aburizal Bakrie, had net income of $101.6-million last year,... 

Freeport seeks guarantees from Indonesia amid mining shake-up

By: Reuters     20th January 2017 The Indonesian unit of Freeport-McMoran is seeking fiscal and legal guarantees from the government over mining rules issued last week, a spokesman for the copper mining giant said late on Thursday. The Southeast Asian nation has been pushing miners to build smelters to process ore locally, with... 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

Copper supply from top world mine threatened as export ban looms

By: Bloomberg     14th December 2016 Exports from the world’s second-largest copper mine, in Indonesia, are under threat as a government ban on overseas concentrate shipments is scheduled to come into force from the middle of January. While ministers are rushing to revise the regulations so miners that have committed to build... 

The ‘weird’ commodity that’s hurting bears as prices double

By: Bloomberg     7th December 2016 Iron-ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group, which acknowledged that the commodity’s recent surge was unexpected and had torpedoed an earlier forecast for a slump this quarter. “It’s just surprised me,” Wayne... 

Indonesia probably won’t allow nickel-ore exports, Minister says

By: Bloomberg     12th October 2016 Indonesia will probably drop a controversial plan to allow exports of low-grade nickel ore and bauxite amid opposition from local smelters and fears that it could upset Chinese investors who’ve poured billions of dollars into the country to build processing plants. 

Glencore sees nickel price rising on global supply shortage

By: Bloomberg     21st September 2016 Glencore, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. “We believe we’ve seen the bottom, both in terms of the actual spot prices... 

Coal woes don’t deter German bet on first Polish mine since ’70s

By: Bloomberg     5th July 2016 A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis... 

Gulf Manganese appoints former BHP exec to its board

By: Creamer Media Reporter      18th February 2016 ASX-listed Gulf Manganese has appointed Andrew Wilson to its board as a nonexecutive director with immediate effect. Wilson served as president director of BHP Billiton Indonesia between 2000 and 2007 and was also a director of the Indonesian Mining Association. He was based in Jakarta, had... 

Indonesia allows Freeport to resume copper exports for another six months

By: Reuters     10th February 2016 Indonesia on Wednesday granted Freeport-McMoRan a new six-month export permit for shipments from one of the world's largest copper mines, ending a near two-week stoppage due to a dispute over payment for a new metal smelter. The deal is a relief for both sides as a lengthy halt in exports would... 

Freeport asks Indonesia to cut or postpone $530m smelter bond – mining minister

By: Reuters     2nd February 2016 Freeport McMoRan Inc has asked Indonesia to reduce a $530-million smelter bond the local unit of the US copper mining giant must set aside before receiving an extension of its export permit, Indonesia's mining minister said on Tuesday. Freeport's 6-month copper concentrate export permit expired... 

Innovation needed to reduce blasting costs

     20th November 2015 Blasting and mining companies should collaborate to find ways of performing blasts efficiently, says commercial explosives supplier AEL Indonesia technical manager Carlos Paz, noting that blasting projects should also be approached more innovatively to drive cost reductions. He adds that... 

Local documentary receives international acclaim

By: David Oliveira     18th September 2015 South African documentary The Bliss of Ignorance, which investigates the social and health impacts of coal mining and coal-fired power generation in Mpumalanga, won two awards at film festivals held in Jakarta, Indonesia, in June. The film was awarded the Outstanding Excellence for a Documentary... 

Freeport says blockade lifted at Indonesia copper mine

By: Reuters     3rd October 2014 A two-day blockade preventing access to the giant Grasberg openpit copper mine operated by the Indonesian unit of Freeport-McMoRan has ended after a meeting with workers on safety, the company said in a statement late on Thursday. The government expects mining activities at the openpit, which... 

PT Antam to boost 2014 gold sales 45%

By: Mariaan Webb     6th March 2014 Diversified mining and metals company PT Antam has told shareholders that it would focus on increasing its gold output during 2014. The Jakarta-based miner sold 301 928 oz of gold during 2013, a 34% increase on the 2012 sales volumes, but said on Thursday that it was targeting a further 45%... 

India and Indonesia to revive coal joint working group

By: Ajoy K Das     23rd October 2013 India and Indonesia were likely to revive a joint working group on coal to resolve issues surrounding Indian investments in Indonesia’s mining industry. The decision to revive the joint task force followed Indian Prime Minister Manmohan Singh’s visit to Jakarta, where both sides agreed that out... 

Company Announcement: AIMEX 2013 offers unique opportunities for miners to see latest cost-saving efficiencies

By: Creamer Media Reporter      28th June 2013 With mining companies looking at ways of increasing efficiency and reducing operating costs, Australia’s largest mining exhibition, Asia-Pacific’s International Mining Exhibition – AIMEX, will offer a unique opportunity to see the latest innovations, products and services to achieve these aims 

Company Announcement: AIMEX builds further industry engagement with industry theme days

By: Creamer Media Reporter      4th June 2013 AIMEX 2013 will maintain its deep engagement across the entire mining industry with the return of its very popular industry “theme days”, covering the key issues of women in mining, mine site safety and new ways to increase industry productivity 

Company Announcement: CSA Global MD, nominated for Ernst & Young Award

By: Creamer Media Reporter      24th May 2013 CSA Global is proud to announce the nomination of Jeff Elliott – Managing Director of CSA Global, for the 2013 Ernst & Young Entrepreneur of the Year Awards 

Company Announcement: DuPont featuring new mining industry offerings at AIMEX 2013

By: Creamer Media Reporter      21st May 2013 DuPont will focus on an expanded range of product and service offerings for the mining industry on Stand B1008 at AIMEX – Asia-Pacific’s International Mining Exhibition, to be held at the Sydney Showground, Sydney Olympic Park from August 20-23, 2013 

Company Announcement: Asia-Pacific’s premier mining exhibition returns to Sydney in August

By: Creamer Media Reporter      16th May 2013 The most important mining exhibition in Australia, Asia-Pacific’s International Mining Exhibition – AIMEX, is returning to Sydney in late August, showcasing the latest mining equipment, products and services 

Company Announcement: Agreement for Supply of High Grade Manganese and Acquisition of Process Plant

     7th January 2013 Kupang Resources Limited is pleased to announce that the Kupang Joint Venture has entered into a letter of intent with the Manganese Society of Kupang in relation to the supply of high grade manganese ore to its Kupang project in West Timor, Indonesia  

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