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Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010


The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.

Bambang Setiawan, the director general of mineral resources, coal and geothermal mining at the Energy and Mineral Resources Ministry, told Antara the government had increased its investment target from $1.8 billion in 2009 due to the improving global economy.

He said investments this year would come from workholder contracts worth $1.2 billion, coal production contracts worth $860 million, mining concessions from state and regional enterprises   worth $43.53 million, and geothermal concessions worth $382.5 million. To read more The Jakarta Post



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Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...


Wednesday, 06 January 10
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Tuesday, 05 January 10
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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...


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