Indonesia to impose tax, curbs on raw metal exports

Indonesia will impose a new export tax on metal ores and prohibit the shipment of raw minerals unless miners submit plans to build smelters, in a decision likely to shake up mining in one of the world's major metals exporters. The tax is an...

Indonesia to impose 20% tax on raw metal exports

Indonesia's government will impose an average 20% duty on 14 mineral ore exports including copper, gold and nickel from Sunday, slightly lower than expected but enough to hurt miners in one of the world's major metals exporters. The tax, which...

Xstrata’s Philippine affiliate appeals Tampakan decision

The operator of the $5.9-billion Tampakan project in the southern Philippines said on Wednesday it had appealed a government decision not to grant environmental clearance for now on what could be Southeast Asia's biggest undeveloped copper-gold...

Freeport replaces CEO at Indonesian unit after strike

Freeport-McMoRan Copper & Gold's will appoint a new chief executive at its Indonesian unit, the Arizona-based miner said on Friday, as it looks to turn the page after it made an agreement last month to end a crippling three-month strike. Rozik...

Company Announcement: Update on Penumbra Mine Development and Coal Mining Operations

African focused coal mining investment and production company Continental Coal Limited is pleased to provide an update on the mine development activities and site construction and civil works at the Penumbra Coal Mine and an update on operating...

Coal to dominate as South East Asia energy source by 2030

Coal is expected to dominate over gas as the fuel of choice in southeast Asia by 2030, said research and consultancy firm Wood Mackenzie, owing to strong economic growth driving the need for substantial new power generating capacity. Wood...

Review of openpit mining ban possible, says Philippine governor

The governor of a southern Philippine province that imposed a ban on openpit mining threatening the country's largest mineral prospect said a review of the ban was possible, but there is slim chance it would be overturned. Public consultations on...

Kingsgate eyes Mt Kare gold project in PNG

ASX-listed gold-miner Kingsgate Consolidated on Friday confirmed that it was reviewing the Mount Kare project in Papua New Guinea (PNG) as part of its strategy to diversify its asset base in Southeast Asia and the Pacific Rim. CEO Gavin Thomas...

Olympus Pacific reports higher gold output

ASX- and TSX-listed Olympus Pacific on Friday reported that its Bong Mieu gold processing plant, in Vietnam, had produced 9 310 oz during the September quarter. This was up 13% from the 8 200 oz produced during the second quarter.

Olympus Pacific to raise A$16,65m

ASX- and TSX-listed Olympus Pacific Minerals has undertaken a A$16,65-million raising to fund an exploration programme in Southeast Asia. The gold producer said on Friday that it would place 37-million common shares at A$0,45 a share to raise the...

China's CIC may invest up to $25bn in Indonesia

China Investment Corp (CIC) may invest up to $25-billion in Indonesia, an Indonesia minister said on Tuesday, potentially providing a huge boost to foreign direct investment and improving the country's hopes of an investment-grade rating....

New Philippine governor may defer openpit mining ban

The incoming governor of a southern Philippine province plans to defer a ban on open pit mining for about a month to give miners like Xstrata time to defend their projects, he said on Friday. Arthur Pinggoy, elected last month as governor of...