by Yohanes Obor | Aug 5, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – As the Finance Ministry has issued regulation number 153/PMK.011/2014 regarding customs exit for mineral ores export, Freeport Indonesia could resume export of its mineral ores on Wednesday (August 6). Freeport is allowed to resume mineral...
by Yohanes Obor | Jul 25, 2014 | Mining, News, Resources
VANCOUVER (Yosefardi) – Barisan Gold Corporation intersects 290 Metres of 0.8g/t Gold + 0.5% copper (1.0% copper equivalent) in hole UTD-007 at its upper Tengkereng discovery, located in the Province of Aceh, Indonesia. Assays have been received from the first...
by Yohanes Obor | Jul 25, 2014 | Mining, News, Resources
VANCOUVER (Yosefardi) – Southern Arc Minerals has amended the sale agreement and closed the sale of its interest in the Taliwang project. Pursuant to the terms of the agreement, Southern Arc’s wholly-owned subsidiary Indotan Sumbawa Pte. Ltd. has sold its...
by Yohanes Obor | Jul 25, 2014 | Mining, News, Resources
PHOENIX (Yosefardi) – Freeport-McMoRan Inc. said its unit PT Freeport Indonesia (PT-FI) targets to sell approximate 0.7 billion pounds of copper and 1.25 million ounces of gold for the year 2014. In 2013, it sold 0.9 billion pounds of copper and 1.1 million...
by Yohanes Obor | Jul 18, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – The government of Indonesia mulls to terminate contract of Newmont Mining Corp for Batu Hijau mining and might appoint state miner PT Aneka Tambang Tbk (ANTM) to become operator of the mine. Newmont Mining Corp has appealed the government of...
by Yohanes Obor | Jul 17, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – State miner PT Aneka Tambang Tbk (ANTM) cuts its capital expenditure (capex) by 55% to Rp1.8 trillion for this year from initial plan Rp4 trillion as commodity prices has not recovered yet. For next year, ANTM sets capex of Rp1.2-1.5...
