JAKARTA, May 27 (Reuters) - Indonesian state-owned miner, PT Aneka Tambang Tbk (ANTM.JK), expects to complete its coal mine acquisitions this year and sees a jump of more than a third in gold output in 2010, a senior Antam executive said on Wednesday.
Antam’s coal consumption is due to increase significantly with the completion of [...]
SYDNEY – Under a plan to supply China with Australian coal, Waratah Coal Pty Ltd. said it has won the financial backing of Metallurgical Corporation of China Ltd., or MCC, for its planned US$5.15 billion thermal coal project in Queensland state.
The plan has several hoops to jump through before the first cargo leaves port, but [...]
JAKARTA, May 13 (Reuters) - Indonesia’s energy ministry said on Wednesday it has asked energy firm PT Medco Energi Internasional (MEDC.JK: Quote, Profile, Research) to resolve a price dispute and build a $800 million geothermal power plant in North Sumatra province.
“We want this project to be built quickly because it is very important for [...]
Energy Development Corporation (EDC) has expanded into the Indonesian geothermal energy market. The company has placed a representative branch in Indonesia to recognize potential projects there. EDC identified four locations in Indonesia for possible preliminary geothermal exploration activities. EDC’s entry into Indonesian opens a window to a market with an unexplored potential of 20,000 megawatts [...]
JAKARTA, March 16 (Reuters) - Canadian mining firm Kalimantan Gold Corp. is in talks with an Indian power plant on equity participation and a supply deal in a coal project in Indonesia’s East Kalimantan, a company official said on Monday.
Kalimantan Gold (KLG.V), a junior mining firm listed on Canada’s TSX Venture Exchange and the [...]
VIENNA, Jan 13 (KUNA) — The price of OPEC basket of 12 crudes on Monday lost USD 1.67 to settle at USD 40.24 per barrel compared with USD 41.94 on Friday.
The annual average of the basket price for 2008 stands at USD 94.45 per barrel, according to the daily bulletin issued by the global [...]
By Bambang Djanuarto
Jan. 12 (Bloomberg) — Sasol Ltd., the world’s biggest producer of motor fuels from coal, may invest $10 billion in an Indonesian plant, said a government official in Jakarta.
Sasol will sign an accord with the Ministry of Energy to study the possibility of a coal-to-oil plant in Indonesia, said Bukin Daulay, head of [...]
JAKARTA, Jan. 12 (Xinhua) — Indonesian President Susilo Bambang Yudhoyono announced subsidized-oil prices cuts on Monday to boost purchasing power.
The move was Indonesia’s latest effort to cushion the deepening fallout of the global recession, following the fall of global oil price up to over 40 U.S. dollars per barrel after reaching [...]
by Adrian Addison
MORONG, Philippines (AFP) – The Bataan nuclear power plant stands as a monument to the greed and corruption of the years the Philippines spent under strongman president Ferdinand Marcos.
It was originally meant to cost around 500 million dollars, but the final price tag of 2.3 billion dollars was only paid off in [...]
JAKARTA: Bumi Resources, the biggest exporter of power-station coal in Asia, will buy a controlling stake in Pendopo Energi Batubara, according to its third acquisition announcement in a week.
Bumi will pay 1.3 trillion rupiah, or $119 million, for an 84 percent interest in the coal mining company and plans to complete the purchase in two [...]
