by Yohanes Obor | Oct 7, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Cue Energy Resources Limited had on October 5, 2013 spudded the Naga Utara-2 well, located in the onshore portion of the Kutei Basin on the island of Kalimantan (Borneo). The well is operated by SPC Mahakam Hilir Pte Ltd, a subsidiary of...
by Yohanes Obor | Oct 7, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Arc Exploration Limited has commenced drilling on the Trenggalek project in East Java with its joint venture partner, Anglo American, who are fully funding the program. The Trenggalek project lies in the prospective Southern Mountains...
by Yohanes Obor | Oct 3, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – Coal producer PT Indika Energy Tbk (INDY) and China Railway Group Limited (CREC) had in October 3, 2013 signed principal agreement for developing coal mine and infrastructure in Papua and Central Kalimantan. Both parties will cooporate in...
by Yohanes Obor | Oct 3, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – After acquiring coal infrastructure company PT Astrindo Mahakarya Indonesia, PT Benakat Petroleum Energy Tbk (BIPI) changes its core business to logistic and infrastructure for energy, from oil and gas exploration. Its name also changes...
by Editor | Sep 25, 2013 | Mining, News, Resources
HONG KONG (Yosefardi) – G-Resources Ltd, controlling owner of Martabe gold mine in North Sumatra, booked net profit of US$29.28 million in the financial year ended June 30, 2013 against net loss of US$19.24 million in the previous financial year. G-Resources...
by Yohanes Obor | Sep 24, 2013 | Mining, News, Resources
SINGAPORE (Yosefardi) – Geo Energy Resources Limited, through its subsidiary PT Mitra Nasional Pratama (MNP), had on 24 September 2013 entered into a mining services contract with PT Parisma Jaya Abadi (PJA). On the same day, the Company’s subsidiary, Geo Coal...