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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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Recent News

Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...


Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...


Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...


Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...


Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...


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