Mon, 19 Jul 2010
INDONESIA is highly prospective - but it can also be a difficult country to work in, leading some investors to shy away from the country.

There have been problems in some areas with local unrest. Then there was the infamous Bre-X scandal which, although the salting of the prospect was not the work of the Indonesians but the foreign miners, left a bad taste about the country. And then there have been the mining laws - nowhere near as easy to navigate around as some of the better African jurisdictions, for example.

All that said, we’ve been talking to a few analysts lately who detect that investors are warming to Indonesia. And, it must be said, there have been no major problems with the mining laws of permitting of late to upset the applecart. One perhaps might also say that Indonesia is "moving forward".

Start of sidebar. Skip to end of sidebar.

End of sidebar. Return to start of sidebar.

And, of course, if the story is good enough, the investors will take the risk.

In light of all this, Pure Speculation will keep a closer eye on Indonesian plays in the coming months.

Today we heard from Arc Exploration that it has identified a new gold prospect at Bima on Sumbawa, one of the two islands that make up West Nusa Tenggara province (immediately east of Bali). The reconnaissance work identified an epithermal gold target lying in the same belt of volcanic rocks that host Newmont Mining’s giant Batu Hijau and Elang copper-gold deposits in West Sumbawa.

On Friday, Sumatra Copper & Gold moved to take full control of five of its Indonesian gold properties in a deal with the minority interest. Earlier, SUM reported what it called bonanza grades at its Belinau project in South Sumatra province. The highest grade was 1.95m at 81.92 grams/tonne gold and 208g/t silver.

BGF Equities has just put out a note on Sihayo Gold which it says can claim to have one of the best grades among ASX emerging gold producers with open pittable projects. This followed SIH releasing an upgraded resource at its Sihayo-Pungkut in northern Sumatra. The grades at the main deposit have risen by 25 per cent to 10.7 million ounces at 2.9 grams/tonne golod, or 1.01 million contained ounces.

BGF says that, not only do the new figures give the current definitive feasibility study a boost, “but we can also look forward to strong news flow over the coming weeks and months as SIH re-starts exploration drilling”. The study is assessing the plan to produce between 60,000oz and 70,000oz a year with a mine life of eight years.



News Search/Filter
Transaction Rates
19 Sep 18
Buy
Sell
AED1
3,923.78
3,923.78
AFN1
191.22
191.22
ALL1
132.86
132.86
AMD1
29.75
29.75
ANG1
7,814.78
7,814.78
AOA1
50.43
50.43
ARS1
362.50
362.50
AUD1
10,412.55
10,412.55
AWG1
8,000.41
8,000.41
AZN1
8,465.65
8,465.65
BAM1
8,612.62
8,612.62
BBD1
7,206.38
7,206.38
BDT1
171.79
171.79
BGN1
8,606.69
8,606.69
BHD1
38,220.14
38,220.14
BIF1
8.12
8.12
BMD1
14,412.77
14,412.77
BND1
9,539.47
9,539.47
BOB1
2,086.56
2,086.56
BRL1
3,464.53
3,464.53
BSD1
14,412.77
14,412.77
BTC1
91,283,053
91,283,053
BTN1
198.40
198.40
BWP1
1,321.97
1,321.97
BYN1
6,813.93
6,813.93
BZD1
7,173.18
7,173.18
CAD1
11,109.98
11,109.98
CDF1
8.78
8.78
CHF1
14,954.11
14,954.11
CLF1
616,457.50
616,457.50
CLP1
21.07
21.07
CNH1
2,100.74
2,100.74
CNY1
2,100.31
2,100.31
COP1
4.77
4.77
CRC1
24.94
24.94
CUC1
14,412.77
14,412.77
CUP1
565.20
565.20
CVE1
152.55
152.55
CZK1
661.85
661.85
DJF1
80.72
80.72
DKK1
2,256.03
2,256.03
DOP1
288.44
288.44
DZD1
122.13
122.13
EGP1
804.66
804.66
ERN1
961.03
961.03
ETB1
520.44
520.44
EUR1
16,829.80
16,829.80
FJD1
6,798.31
6,798.31
FKP1
18,977.31
18,977.31
GBP1
18,977.31
18,977.31
GEL1
5,890.00
5,890.00
GGP1
18,977.31
18,977.31
GHS1
3,021.86
3,021.86
GIP1
18,977.31
18,977.31
GMD1
296.25
296.25
GNF1
1.59
1.59
GTQ1
1,882.87
1,882.87
GYD1
68.96
68.96
HKD1
1,837.43
1,837.43
HNL1
600.05
600.05
HRK1
2,265.55
2,265.55
HTG1
207.72
207.72
HUF1
51.96
51.96
IDR1
1.00
1.00
ILS1
4,014.35
4,014.35
IMP1
18,977.31
18,977.31
INR1
197.83
197.83
IQD1
12.09
12.09
IRR1
0.33
0.33
ISK1
131.46
131.46
JEP1
18,977.31
18,977.31
JMD1
106.05
106.05
JOD1
20,313.90
20,313.90
JPY1
128.36
128.36
KES1
142.84
142.84
KGS1
211.52
211.52
KHR1
3.51
3.51
KMF1
34.21
34.21
KPW1
16.01
16.01
KRW1
12.84
12.84
KWD1
47,578.38
47,578.38
KYD1
17,301.62
17,301.62
KZT1
39.27
39.27
LAK1
1.69
1.69
LBP1
9.52
9.52
LKR1
87.17
87.17
LRD1
90.13
90.13
LSL1
968.25
968.25
LYD1
10,411.78
10,411.78
MAD1
1,534.80
1,534.80
MDL1
856.69
856.69
MGA1
4.22
4.22
MKD1
273.36
273.36
MMK1
9.23
9.23
MNT1
5.90
5.90
MOP1
1,784.55
1,784.55
MRO1
40.31
40.31
MRU1
402.59
402.59
MUR1
419.58
419.58
MVR1
935.89
935.89
MWK1
19.81
19.81
MXN1
766.51
766.51
MYR1
3,479.24
3,479.24
MZN1
237.59
237.59
NAD1
968.25
968.25
NGN1
39.75
39.75
NIO1
449.51
449.51
NOK1
1,767.47
1,767.47
NPR1
124.00
124.00
NZD1
9,493.62
9,493.62
OMR1
37,430.33
37,430.33
PAB1
14,412.77
14,412.77
PEN1
4,360.47
4,360.47
PGK1
4,337.72
4,337.72
PHP1
266.56
266.56
PKR1
116.88
116.88
PLN1
3,924.82
3,924.82
PYG1
2.46
2.46
QAR1
3,958.44
3,958.44
RON1
3,623.13
3,623.13
RSD1
142.27
142.27
RUB1
213.93
213.93
RWF1
16.47
16.47
SAR1
3,843.04
3,843.04
SBD1
1,826.92
1,826.92
SCR1
1,059.40
1,059.40
SDG1
800.99
800.99
SEK1
1,618.75
1,618.75
SGD1
10,520.60
10,520.60
SHP1
18,977.31
18,977.31
SLL1
1.71
1.71
SOS1
24.93
24.93
SRD1
1,932.52
1,932.52
SSP1
110.64
110.64
STD1
0.68
0.68
STN1
696.26
696.26
SVC1
1,647.71
1,647.71
SYP1
27.98
27.98
SZL1
967.73
967.73
THB1
442.65
442.65
TJS1
1,529.79
1,529.79
TMT1
4,106.22
4,106.22
TND1
5,187.43
5,187.43
TOP1
6,237.84
6,237.84
TRY1
2,252.29
2,252.29
TTD1
2,139.16
2,139.16
TWD1
468.97
468.97
TZS1
6.31
6.31
UAH1
512.08
512.08
UGX1
3.77
3.77
USD1
14,412.77
14,412.77
UYU1
434.44
434.44
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.83
132.83
WST1
5,567.93
5,567.93
XAF1
25.65
25.65
XAG1
204,300.46
204,300.46
XAU1
17,289,799.16
17,289,799.16
XCD1
5,333.02
5,333.02
XDR1
20,209.56
20,209.56
XOF1
25.65
25.65
XPD1
14,605,570.10
14,605,570.10
XPF1
141.03
141.03
XPT1
11,746,354.18
11,746,354.18
YER1
57.58
57.58
ZAR1
968.98
968.98
ZMW1
1,325.82
1,325.82
ZWL1
44.71
44.71
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services