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Thu, 02 Apr 2009
Newmont loses Indonesian share dispute: minister
Jakarta (ANTARA News) - International arbitrators have ruled in favour of Indonesia in a dispute with US giant Newmont Mining Corporation over the mandatory divestiture of shares, the mining minister said Wednesday.
Wed, 01 Apr 2009
Official Claims New Legislation Is Vindicated As Overseas Firms Line Up for Mining Licenses
The new Law amounts to "You can spend as much money as you want on exploration but once you find something useful a whole list of Agencies want to get their grubby fingers in the till". Not a wildly attractive proposition, perhpas explaining why Indonesia has lost market share of new...
Wed, 01 Apr 2009
Indonesia Government: 'Won' Arbitration Case Against Newmont Unit
Wow. Bakrie must have looked for lawyers outside the AGO.
Wed, 01 Apr 2009
Govt. pours more funds into city’s MRT project
This seems to be going ahead, funded with an almost $1 billion loans from Japan.
Wed, 01 Apr 2009
Govt. pours more funds into city’s MRT project
Jakarta city administration received a $7.7 million grant from the central government to speed up the construction of the city’s first-ever mass rapid transit (MRT) project, The Jakarta Post reported.
Wed, 01 Apr 2009
Jakarta says big plans in store for Kemang
Kemang in South Jakarta will be transformed into a modern city without high-rise buildings, the head of the Jakarta’s spatial planning agency announced, reported The Jakarta Post. Wiriyatmoko said Kemang would be developed where sidewalk cafes, boutiques and homey restaurants lay side by side on...
Wed, 01 Apr 2009
Indonesia Government: 'Won' Arbitration Case Against Newmont Unit
JAKARTA -(Dow Jones)- The Indonesian government said Wednesday that it had " won" an arbitration case against a local unit of Newmont Mining Corp., (NEM) after arbitrators ruled Newmont must divest 17% of the unit within 180 days from Tuesday.
Wed, 01 Apr 2009
Official Claims New Legislation Is Vindicated As Overseas Firms Line Up for Mining Licenses
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months to five companies, including to Anglo-Australian miner Rio Tinto and Canada's Barrick Gold Corporation, a ministry official said Tuesday.
Wed, 01 Apr 2009
CPO Firms Won Big in 2008, but Now Face Tough Odds
With the corporate reporting season now in full swing, the country’s plantation companies have been busy trumpeting their bumper profits last year. But analysts say that joy is likely to be short-lived as the global slump impacts demand for crude palm oil, leading to a significantly reduced...