by Yohanes Obor | Aug 25, 2016 | Mining, News, Resources
JAKARTA (Yosefardi) – Arab-based Saudi Aramco mulls to divest 15% interest in Cilacap oil refinery due to funding problem. In the meantime, the Government of Indonesia is seeking commitment from Saudi Aramco for expanding the refinery capacity. Currently Saudi...
by Yohanes Obor | Aug 12, 2016 | Mining, News, Resources
JAKARTA (Yosefardi) – Delta Dunia Makmur (DOID) opts to focus on its mining contractor service business and postpone coal exploration activity of its 2 subsidiaries (Pulau Mutiara Persada and Banyu Biru Sakti) until the recovery of coal prices. The global...
by Yohanes Obor | Aug 9, 2016 | Mining, News, Resources
JAKARTA (Yosefardi) – Coal miner PT Golden Energy Mines Tbk (GEMS), part of Sinarmas Group, acquired PT Era Mitra Selaras and its subsidiaries from Glenfield Capital Inc. at value of US$37 million. The conditional sale and purchase agreement was signed in August...
by Yohanes Obor | Aug 2, 2016 | Mining, News, Resources
JAKARTA (Yosefardi) – Gold producer PT J Resources Asia Pacific Tbk (PSAB) mulls to offer new shares through preemptive rights scheme, to boost its free float to 20% from current 7.5%. The company needs fresh funds of US$400 million, to fund drilling activity in 5...
by Yohanes Obor | Feb 2, 2016 | Mining, News, Resources
SYDNEY (Yosefardi) – Finders Resources Ltd produced 494 tons of copper cathode in the quarter ended December 2015 from Wetar Copper Project, Wetar island. Sales were 280 tons at an average price of US$2.08/lb. Earthworks construction continues to perform in line...
by Yohanes Obor | Feb 2, 2016 | Mining, News, Resources
SYDNEY (Yosefardi) – Western Mining Network (WMN) said further discussions were undertaken with Mining One regarding their requirements to produce a JOCR resource statement for Tamboli. A work schedule has been developed for the project on the basis that the...
