by Hatman Bintang | Jan 18, 2013 | Industries, News
Tarsus will pay initial cash consideration on completion of US$0.5 million for the 51% interest, with estimated total deferred payments of approximately US$2.4 million. Tarsus and PT Event Pro have conditional put and call options at various points in 2016 and 2017 in...
by Hatman Bintang | Jan 16, 2013 | Mining, News, Resources
The HoA aims for three months feasibility study by Daqing on the fields offered by Pertamina. Pertamina expects Daqing to bring investment proposal post the study. The HoA may produce a contract for further development of the oilfield. There will be special President...
by Hatman Bintang | Nov 9, 2012 | Finance, News, Transportation
QUEENSLAND (Indonesia Today) – Coal shipment at Newcastle Port was down 8% to 2.62 million tons for the week ended 10 September 2012 against the previous week. There were 11 vessels off the port waiting to load and 56 vessels with Notified Arrival Time allocated...
by Hatman Bintang | Oct 10, 2012 | Mining, News, Resources
BRISBANE, Indonesia Today – The LOFIN-1 well exploration development on the Seram Non-Bula Block PSC is advancing with flowing wet gas on well testing activity, Lion Energy Ltd claimed. On October 6, 2012 a large acid treatment was pumped to the LOFIN formation...
by Hatman Bintang | Oct 10, 2012 | Mining, News, Resources
BRISBANE, Indonesia Today – Robust Resources Ltd, a company affiliated with Salim Group, claims high grade polymetallic zone intersected at the two holes from the Batu Hitam West prospect, Romang Island, Maluku. Both holes intersected near-surface mineralization...
by Hatman Bintang | May 9, 2012 | Energy, News, Resources
JAKARTA, Indonesia Today – PT Supreme Energy will drill one exploration well on Muaralaboh Geothermal Project, West Sumatera by this month. Supramu Santosa, President Director of Supreme Energy, told Kontan.co.id that the drilling preparation has been completed...
by Hatman Bintang | May 9, 2012 | Mining, News, Resources
SYDNEY (Indonesia Today) – Finders Resources Limited has received a number of additional permits in relation to its Wetar Copper project, Indonesia. The licenses include a further exploration stage forestry permit (pinjam pakai) for the Kali Kuning and Meron...
by Hatman Bintang | May 8, 2012 | Finance, Indonesia Finance, News
JAKARTA (Indonesia Today) – PT Bank Pembangunan Daerah Sumatera Utara (Bank Sumut) recorded 19.6% decrease on its first half 2012 net profit to Rp180.1 billion despite growing revenues. Its net interest income for the period rose 17.6% to Rp681.1 billion ....
by Hatman Bintang | Mar 9, 2012 | Mining, News, Resources
SYDNEY (Indonesia Today) – Kangaroo Resources Limited, controlled by Bayan Resources (BYAN) Tbk, has produced 31,245 tons of coking coal at Mamahak project, East Kalimantan in August 2012, a 50% increase over July. “The monthly production rate represents a...
by Hatman Bintang | Mar 6, 2012 | Mining, News, Resources
BRISBANE, Indonesia Today – AWE Ltd is currently carrying out on the shale gas study on the Central Sumatera Basin and is expected to be completed in the first quarter of 2013. AWE previously has scheduled the study to complete in September but has been delayed...
