TEMPO Interactive, Lumajang:Chinese investors, represented by PT Indo Modern Mining, based in Jember, have almost completed exploring ferruginous sand in an 8.000-hectare area in the Yosowilangun and Kunir sub districts of Lumajang. “The process has been going since July 2008,” Lumajang regency chief in charge of Economy, Nurul Huda told Tempo yesterday.

Erwida Maulia, The Jakarta Post, Jakarta Despite its huge potential in renewable energy sources, Indonesia has so far only utilized a very small part of them, with high costs and uncertainty over feasibility among the main problems facing the nascent industry. Verina J.

Executives in the property sector have called on the government to improve market openness and legal certainty to allow greater foreign investments in the sector. Alastair Hughes, CEO of international property consultancy Jones Lang LaSalle for Asia Pacific, said greater transparency was "the key things *that would benefit* the economy.

Quoting: Balibob ken,.. I think you should come back here and teach these so called journalists a thing or two,.. I know U have tried in the past

ken,.. I think you should come back here and teach these so called journalists a thing or two,.. I know U have tried in the past but this time bring a big stick cheers for the update

Quoting: Balibob I think someone got the biz news very wrong in terms of coal out put and reserves,.. shit our friends at bakrie mined 47 million ton of coal lasy year alone in Indonesia so to have a reseve of 5.4 mill as per the biz news,.. not very viable project is it?? I wish the fucking journalists would get it right Clumsy reporting indeed. Total reserves at Maruwai were not vast though. According to BHP's 2008 annual report, total resource for Maruwai was about 130 million metric tonnes.

I think someone got the biz news very wrong in terms of coal out put and reserves,.. shit our friends at bakrie mined 47 million ton of coal lasy year alone in Indonesia so to have a reseve of 5.4 mill as per the biz news,.. not very viable project is it?? I wish the fucking journalists would get it right

Quoting: kenyeung What about BHP's long-proposed nickel mine on Gag Island off Papua? Answering my own question, BHP abandoned the Gag nickel project last year. BHP Billiton Ends Study Into Integrated Nickel Development In Eastern Indonesia BHP Press Release 13 November 2008 BHP Billiton has decided to end a study into integrated nickel development in eastern Indonesia. The study has not been able to identify a business case which would support an investment in this opportunity.

There are rumours that Chewwy PLC has made a hostile bid for PT. Sosro.

Quoting: biznews Anglo-Australian miner BHP Billiton will pull out of most of its remaining investments in Indonesia, ending its 25-year local presence in mining, transport and in other fields, the company announced on Tuesday. “All Indonesia projects are in the process of being halted,” said Indra Diannanjaya, president director of PT Lahai Coal, one of BHP Billiton’s fully owned subsidiaries in the country. So what is it? Most or everything?

There are also Rumours that Rio Tinto will start slowing down operations in Indonesia

yes, not many people here will get it, but it is a massive vote of no confidence in the system here, coming from the largest mining company in the world.

wow -- that's big news and speaks volumes

The East Java Capital Investment Board (BPM) plans to develop seven industrial sectors on Madura Island when the Suramadu bridge, which will connect it to Surabaya, is opened on June 10, The Jakarta Post reported. "We see good prospects for the seven sectors. Therefore, we hope that both foreign and domestic investors will be interested in investing their capital in Madura. It, of course, will boost economic growth on the island," East Java BPM chairman Hary Soegiri said Thursday in Surabaya.

KUALA LUMPUR, June 9 (Reuters) - Following are the 15 largest listed palm planters, ranked by market value. They are mostly located in Indonesia and Malaysia, the top two producers of the vegetable oil. Total plantation holdings are in hectares and include both cultivated and uncultivated land as well as joint ventures with Indonesian smallholders. Company Mkt Cap* Short&Long Landbank Term Debt# (hectares) ($ mln) ($ mln) 1 Wilmar (WLIL.SI) 20,814.2 4,929.9 500,000 2 Sime Darby (SIME.KL) 11,994.

Anglo-Australian miner BHP Billiton will pull out of most of its remaining investments in Indonesia, ending its 25-year local presence in mining, transport and in other fields, the company announced on Tuesday. Company officials said Indonesian projects were no longer strategic to BHP’s future.

TOURISTS in Bali may find it harder to find a stiff drink after authorities confiscated thousands of bottles of liquor from some of the holiday island's top hotels, restaurants and bars. Customs officials have seized the booze, from high-end establishments in popular tourist areas like Kuta and Nusa Dua, because the bottles allegedly have counterfeit tax labels.