Indonesian Political, Business & Finance News

Archive: 30 March 2011

3 articles found

RI must boost exploration, says mining association

By Rangga D. Fadillah Indonesia needs spend between US$500 million and $1 billion each year to fund exploration activities, to maintain the current level of mineral resource production, the Indonesian Mining Association announced on Tuesday. Association chairman Martiono Hadianto, who is also the president director of PT Newmont Nusa Tenggara, said in the past decade Indonesia had allocated around $10 million annually to exploration to find new mineral reserves outside existing mining areas.

Australian Investors Interested in Investing in the Indonesian Mining Sector

Australia continues to explore investment in Indonesia. Investors from Australia, intending to invest in the mining sector Indonesia. With a mastery of technology in the fields of mining, the existence of Australian mining companies are expected to support the development of mining in the country of Indonesia. As Australia is the closest neighbors, Indonesia would prefer a relationship with a neighbor because they are easy to control. Some employers Indonesia also has mines in Australia.

Govt to maximize use of new energy

Jakarta (ANTARA News) - The government will maximize the use of new and renewable energy, especially geothermal, hydro-energy and bio-fuels, before deciding to use nuclear energy. Energy and Mineral Resources Ministry`s Director General for Renewable Energy and Energy Conservation Luluk Sumiarso said here on Tuesday that the use of nuclear energy would be the last option. "But the last option does not meant that nuclear is not prepared.