by Yohanes Obor | Aug 6, 2015 | Featured, Mining, News, Resources
PHOENIX (Yosefardi) – Freeport-McMoRan Inc. opted to cut its capital expenditure (capex) and review its mining operation in response to current oil and gas market conditions. Capex for 2016 and 2017 is revised down to $2 billion each from initial plan of $2.9...
by Yohanes Obor | Jul 24, 2015 | Featured, Mining, News, Resources
PHOENIX (Yosefardi) – Freeport-McMoRan Inc. said its Indonesian operation, PT Freeport Indonesia, sold 346,000 ounces of gold in the second quarter of 2015, jumped 156% from 135 ounces in the same period of 2014. While copper sales rose 67.5% to 196 million pounds,...
by Yohanes Obor | Jul 24, 2015 | Featured, Mining, News, Resources
DENVER (Yosefardi) – Newmont Mining Corporation produced 87,000 ounces of attributable gold at Baju Hijau, Indonesia in the second quarter of 2015, compared to 7,000 ounces in the same period of 2014. While attributable copper produced reached 27,000 tons, against...
by Yohanes Obor | Jul 8, 2015 | Mining, News, Resources
VANCOUVER (Yosefardi) – East Asia Minerals Corporation has entered into a Definitive Agreement with PT Arsinali, a corporation based in Indonesia, effective as of July 3, 2015. The Definitive Agreement provides for the sale of 50% the Company’s interests...
by Yohanes Obor | Jun 30, 2015 | Mining, News, Resources
JAKARTA (Yosefardi) – PT Bukaka Teknik Utama Tbk (BUKK), member of Kalla Group, plans to build nickel smelter with capacity of 2760 tons this year with investment cost of Rp400 billion. The project will be funded by bank loan (70%) and internal cash. The company now...
by Yohanes Obor | Jun 22, 2015 | Mining, News, Resources
JAKARTA (Yosefardi) – Government of Indonesia, through energy and mineral resources (ESDM) ministry, opts to extend mining operation contract for PT Freeport Indonesia, instead of being awarded to state companies. Said Didu, special staff of ESDM Ministry, said...
