Kalimantan Gold Corporation Limited plans to raise a minimum of $400,000 and up to $1,000,000 from a non-brokered private placement financing from the sale of up to 10,000,000 common shares at a price of $0.10 per share. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.

PT. Timah has a mine in South Kalimantan which produces up to 1.4 million tonnes of coal a year, but the firm has been looking for new mines because of depleting reserves.
For expand mining exploration, coal mine sector, PT. Timah Tbk., make plan to acquire three company coal mine with total reserves of 50 million […]

Environmental groups urged the government Tuesday to stop issuing concessions for mining companies at protected forests, to avoid further forest conversions.
The groups said the government’s commitment to participate in global efforts to minimize the effects of climate change, including reducing CO2 emission through reforestation, was dubious because at the same time it continued to give […]

PT Hanson Energy, an affiliate of Hanson International, operating in coal mining, is eyeing a number of coal mining concessions in East Kalimantan.
Hanson Energy President Harun Setiawan Boedi said his company is carrying out final studies of a 2,000 hectare concession with a deposit of 20 million tons of high grade coal in that province.
The […]

China Nickel Resources Holdings Co Ltd plans to invest $450 million to develop a steel factory in Indonesia’s East Kalimantan province, a senior Indonesia government official said late on Thursday.
The steel factory will have the capacity of 1 million tonnes of billet and slab — semi-finished materials used in the production of hot-rolled-coils, which in […]

Malaysian oil, gas and petrochemical company I&W Petroleum & Synergy Sdn Bhd will take part in an oil exploration activity in East Kalimantan, an executive said here on Wednesday.
The Malaysian firm will carry out the exploration activities together with its Indonesian partner PT Sapta Rajasa Kapital (SRK) on an area of 10,000 hectares, SRK President […]

Indonesian coal producer PT Bumi Resources Tbk’s coal sales rose 23 percent in January-June and it is on track to meet this year’s sales target despite heavy rains in its mining areas, a company official said on Wednesday.
Bumi , the largest coal producer in Southeast Asia’s biggest economy, sold 28.4 million tonnes of coal in […]

eoPetro Resources Company announced that its 12% owned Indonesian subsidiary Continental-GeoPetro Ltd has awarded a second, turn-key, integrated drilling services contract to drill wells planned for 2007 on the 900,000 acre Bengara-II Production Sharing Contract, onshore East Kalimantan, Indonesia. Indonesian drilling contractor PT Indo Sichuan Petroleum was awarded the contract and will deploy a land […]

GeoPetro Resources Company (”GeoPetro” or the “Company”) today announced that its 12% owned Indonesian subsidiary
Continental-GeoPetro (Bengara-II) Ltd. (”CGB2″) has awarded a second, turn-key, integrated drilling services contract to drill wells planned for 2007 on the 900,000 acre Bengara-II Production Sharing Contract, onshore East Kalimantan, Indonesia. Indonesian drilling contractor PT Indo Sichuan Petroleum was awarded the […]

The thermal coal prices of Australian spot of reference mark rebounded of a two months bottom and went up above $53 per ton, thanks to an Asian request full and a tightening with the provisioning indonésiens due to the recent floods.
The thermal coal, used for the production of electricity, rose $1.07 one week more earlier […]