• Asiamet Resources completes CoW amendment negotiations

    Asiamet Resources Limited (Asiamet), through its Indonesian operating subsidiary PT Kalimantan Surya Kencana (KSK), has reported that ahead of moving into the project financing and development phase for its BKM copper project in Central Kalimantan, it has successfully concluded long running negotiations with the Government of Indonesia to amend its existing KSK Contract of Work (CoW) to secure long-term mining tenure.

  • Gulf secures A$15 million to advance Kupang Smelting Hub Facility

    Gulf Manganese Corporation has secured approximately A$15 million equivalent funding led by Indonesian-based diversified investment group PT Jayatama Tekno Sejahtera (PT JTS).

  • PT Adaro and EMR acquire Kestrel for $2.25 billion

    As part of its coal exit, Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion.

  • PT Freeport Indonesia’s woes deepen

    PT Freeport Indonesia (PTFI), the subsidiary of the US mining giant Freeport McMoRan Copper & Gold (FCX), which operates large copper and gold mines in Papua, battles a string of ecological damage accusations, rogue armed gangs and a push for a takeover by a state-based aluminium smelter operator.

  • Nusantara hits 2Moz at Awak Mas

    Nusantara has increased the Mineral Resource estimate at its keystone Awak Mas Gold Project by 12% to more than 1.9 Moz of gold.

  • Thiess secures its position in South Kalimantan

    Thiess has been awarded three contract extensions at the Bayan Resources owned Wahana coal mine, and the Arutmin Satui and Senakin coal mines in South Kalimantan, Indonesia.

  • Indonesia’s coal companies expected to boost production in 2018

    Indonesia’s major coal mining producers listed on the Indonesian Stock Exchange, are expected to ramp up production volumes in 2018 amid rising global demand and stronger coal price.

  • Turnaround at Way Linggo continues

    THE restructured Kingsrose Mining is continuing a turnaround at the Way Linggo Gold-Silver Project in Sumatra, with production increasing and strong progress made on several potential growth options. Increasing production at Way Linggo open pit mine is driving the turnaround with the operation consistently producing high-grade, low-cost gold and silver.

  • Sumatra exploration alliance with Merdeka

    SUMATRA Copper & Gold has formed an exploration alliance with Indonesia gold producer Merdeka Copper Gold covering the Tembang Gold-Silver Project in South Sumatra. The strategic alliance will see Merdeka fund ongoing exploration with the aim of extending mine life and increasing production.

  • Arc begins Jerambah scout drilling

    MAPPING and sampling work by Arc Exploration at Jerambah prospect of the Trenggalek project in East Java has identified two drill targets. The encouraging results have prompted the company to undertake scout drilling at the prospect.

  • Ausenco for BKM study process work

    ASIAMET Resources has appointed international engineering, construction and project management company Ausenco Limited as primary process engineering consultant for a feasibility study into the Beruang Kanan Main (BKM) Copper Project in Central Kalimantan. The study continues to ramp up and Asiamet says the Ausenco appointment complements the world-class team working on the project.

  • Over flow impacts Wetar production

    PRODUCTION at Finders Resources’ Wetar Copper Project has been impacted by an interruption to the 25,000 tonnes/annum copper cathode SX-EW plant. An overflow of organic and aqueous solution into the electrowinning (EW) circuit affected production in late September and early October.

  • Alliance seeks more Tembang resources

    AN exploration alliance between Sumatra Copper & Gold and Merdeka Copper Gold aims to extend mine life and increase production at the Tembang Gold-Silver Project. The alliance will see Indonesian gold producer Merdeka fund ongoing exploration at Sumatra’s asset.

  • BKM study nears completion

    ASIAMET Resources aims to complete a feasibility study for its Beruang Kanan Main (BKM) Copper Project in Kalimantan early next year with a development decision expected shortly after. The study will incorporate the recently upgraded resource estimate which showed a measured and indicated resource of 711.3 million pounds of copper at a 0.2% copper cut-off.

  • Nusantara at work on Awak Mas DFS

    NUSANTARA Resources expects the first stage of a definitive feasibility study (DFS) into the proposed development of its Awak Mas Gold Project to be completed by the end of the year. The second stage is targeted for delivery in the second quarter of 2018.

  • Testwork continues at Wonogiri

    COLLERINA Cobalt is undertaking metallurgical studies to determine the feasibility of production of a copper-gold concentrate via a gravity plus flotation process flowsheet at the Wonogiri Gold-Copper Project in central Java. The testwork is being carried out on the Randu Kuning gold-copper porphyry deposit.

  • Open pit production resumes at Tembang

    NORMAL open pit ore production has resumed at the Berenai open pit of Sumatra Copper & Gold’s Tembang Gold-Silver Project following the removal of additional unscheduled waste material from the pit. The thick mud proved difficult to remove, particularly during the wettest period of the year.

  • Wetar production continues to improve

    THE Wetar Copper Project on Wetar Island in eastern Indonesia continues to perform strongly for Finders Resources. During May, the SX-EW plant exceeded the company’s annual production target of 28,000 tonnes of copper cathode.

  • Footprint expanded in BK district

    MAPPING and channel sampling of outcropping massive sulphide mineralisation have shown the potential for a standalone polymetallic deposit at Asiamet Resources BKZ prospect in Central Kalimantan. BKZ is 800 metres north of the company’s BKM Copper Project, where bankable feasibility studies are well advanced.

  • Geo Energy coal agreement amended

    Geo Energy Resources has amended its long-term Life of Mine coal purchase agreement with ECTP to supply more 4200 GAR thermal coal for the lifespan of Geo Energy’s Sungai Danau Jaya (SDJ) mine.

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