10:35 pm January 25, 2015 | No Comment
Freeport Indonesia, the local unit of US mining giant Freeport-McMoRan, has secured an extension for its export permit, following its show of commitment to building a smelter in-country by signing a land lease in East Java last week.
3:48 pm January 23, 2015 | No Comment
Australian miner Arrium on Friday said it was shutting one of its iron ore operations with 580 jobs set to be lost, as plunging commodity prices continue to hurt higher-cost producers.
3:38 pm January 23, 2015 | No Comment
The chief economist of the International Energy Agency said on Friday there would be no “significant” changes to Saudi oil policy following the death of King Abdullah.
3:32 pm January 23, 2015 | No Comment
Indonesia’s liquefied natural gas exports may drop by a quarter this year as domestic demand rises and the country allows several contracts with overseas buyers to expire.
10:29 am January 23, 2015 | No Comment
Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.
3:02 pm January 22, 2015 | No Comment
Freeport-McMoRan Inc. (FCX) said it plans to invest about $17 billion to build a copper smelter and develop its gold and copper mines in Indonesia.
9:10 pm January 21, 2015 | No Comment
Palm oil stockpiles in Indonesia, the world’s largest supplier, probably expanded to a four-month high in December after a rally in prices curbed demand and exports tumbled the most since April.
9:05 pm January 21, 2015 | No Comment
Rice prices in Thailand and Vietnam fell this week under rising supply pressure, with the Thai government planning a major tender next week and Vietnam set to harvest its main crop from late February, traders said on Wednesday.
10:09 pm January 20, 2015 | 4 Comments
Freeport Indonesia, the local unit of US mining giant Freeport-McMoRan, is on the brink of losing its permit to export copper concentrate from its Indonesian mine in West Papua, Indonesia’s energy and mining minister said on Tuesday, unless it can prove progress in building the requested new copper smelter this week.
10:27 am January 20, 2015 | 1 Comment
Crude palm oil production in Indonesia, the world’s biggest grower, is expected to rise to 32.5 million metric tons in 2015, a senior official from a leading industry association said on Monday.
9:42 am January 20, 2015 | No Comment
Oil producers reluctant to curb output even as prices tumble to five-and-a-half year lows don’t need to guess what the future holds. They can ask a miner.
9:32 pm January 16, 2015 | No Comment
Sales of Indonesia’s herbal products are expected to surge 33 percent this year on the back of growing demand.
4:19 pm January 16, 2015 | No Comment
Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West’s energy watchdog said on Friday.