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Banpu Plans To Invest $208 in Coal Mining Exploration in Indonesia and China
Banpu plans to focus on its existing assets during the economic downturn, preparing around USD 208 million of capital for the year 2009 to improve its coal mines in Indonesia and China.
American Coal Mining Plans Invest to Build Coal-Boosting Plant
White Energy Coal North America announced plans Monday to build a processing plant that will boost the heat value of coal mined by the Buckskin Mining Co. in northeastern Wyoming.
Copper Mine Prices Slump, Freeport-McMoRan Copper & Gold Inc. Into Worst This Year
Freeport-McMoRan Copper & Gold Inc., the best-performing stock among North American mining companies in 2007, turned into the worst this year. Analysts say the company may not fare much better in 2009 as copper prices slump.
Mining Sector In Australian Market and Trade
THE Australian sharemarket closed lower yesterday, weighed down by a negative lead from United States markets on Friday and lower prices for base metals.
Simon Ferguson, a private client adviser with ABN Amro Morgans, said investors were anxious about a possible recession in US and its effect on the global economy.
“Investors seem to be worried about [...]
Delays are costing Australian coal-mining companies like Xstrata and BHP Billiton.
Australian coal-mining companies may lose more than 350 million Australian dollars, or $301 million, this year because bottlenecks and storms are delaying ships outside Newcastle, the world’s largest port for coal exports.
Xstrata, the world’s biggest thermal coal exporter, estimates that miners in New South Wales’s Hunter Valley are paying about 1 million dollars a day [...]
Tata Power completes Indonesian acquisition
Tata Power Company Ltd on Wednesday announced the completion of its acquisition of 30 per cent equity stakes in Indonesian thermal coal producers – PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia and related coal trading companies owned by PT Bumi Resources Tbk.
The agreement to purchase the $1.1 billion equity stake was signed on [...]
Astra International Tbk considering expanding to mining and infrastructure sector
The Indonesian mining sector has benefited from a rally in commodity prices while many investors are interested in tapping the infrastructure sector as the government increases infrastructure spending to boost economic growth.
Indonesia’s largest automotive distribution company, PT Astra International Tbk , is considering expanding to other sectors such as mining and infrastructure, its chief said [...]
Nickel emerges like noble metal
Nickel prices over the past few years have shown a huge surge buoyed by the concerns of declining global stocks. Strong global demand growth coupled with low inventories has lead Nickel to 15 to 20 year annual average peaks.
Fuelled by the fast developing infrastructure sector, Nickel is expected to continue its peak run. Like gold [...]
KAL Energy, Inc. Hits Weekly Productivity Record
KAL Energy, Inc is pleased to announce that over 3000m of drilling has been completed of its previously announced $2 million Phase 1 Exploration program on its Thermal Coal Project in East Kalimantan, Indonesia. This program includes extensive drilling, trenching, sampling and mapping of known geological structures, and exploration for unknown structures.
Over the past week [...]
