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Joint mining industry committee demands clarity on ore export ban | Regulation data
(Insider Stories) — A joint committee mining industry committee has been formed in order to demand clarity from the government on its plan to ban raw mineral exports from next year and mandate ore be refined locally as chaos continues in the mining industry, The Jakarta Globe reports. It quotes Indonesia Coal Mining Association chairman Bob Kamandanu Full Article
Italy’s Eni still committed in Indonesia, to invest $400 mln - The Jakarta Post | Company data
(The Insider Stories) — Italian oil and gas company Eni SpA’s (ENI) plans to invest US$400 million in the next four years for exploration in Indonesia have could assure the Indonesian government that the company is here to stay despite difficulties that have prompted competitors to leave the country, with ENI Indonesia managing director Carlo Russo saying Eni will Full Article
Indonesia indicates fuel price hike not on agenda at energy subsidy meeting this weekend | Insider news
(The Insider Stories) — Indonesia will announce a fuel subsidy adjustment this weekend at a coordinating meeting led by the President but indications are that a fuel price hike isn’t on the agenda. “In the meeting with the president we will explore more deeply our options,” Finance Minister Agus Martowardojo said after a meeting with Full Article
Foreign giants bid on $2.1 billion power grid | The Jakarta Post
(The Insider Stories) — At least five multinational investors will take part in a tender recently opened by state-owned electricity company Perusahaan Listrik Negara to construct an undersea power grid connecting South Sumatra and West Java provinces. PLN construction director Nasri Sebayang said recently that the five companies include Siemens AG (SIE) from Germany, Hitachi Ltd. (6501) and Full Article
Kyushu Electric moves closer to maiden geothermal project in Indonesia | Company data
(The Insider Stories) – Kyushu Electric Power Co. (9508) is inching closer towards its first geothermal power sales in Indonesia after its consortium signed a 30-year deal with Indonesian state electricity company Perusahaan Listrik Negara, as part of its efforts to diversify its portfolio ahead of increasing competition in Japan. PLN will be the off-taker Full Article
Indonesia’s average crude oil price declines in March | The Jakarta Post
(The Insider Stories) — Indonesia’s average crude oil price declined to US$107.42 per barrel as of March this year, down by 7% from $114.86 per barrel in February. The Energy and Mineral Resources Ministry announced on Tuesday that the price of Sumatra Light Crude (SLC), produced at the Minas field in Riau, Sumatra, had also Full Article
Koba Tin Contract of Work expired End-March, awaits Indonesian decision
(The Insider Stories) — The contract of work for PT Koba Tin, 75% owned by Kuala Lumpur-listed Malaysia Smelting Corporation (SMELT), has expired on March 31, the parent company said in a statement dated April 2. MSC said that the Indonesian government is still evaluating its request to extend the contract. In the meantime Koba Full Article
Holcim Annual General Meeting of Shareholders 2013 | Press Release
(The Insider Stories) — Today, shareholders’ approved a substantial dividend increase and the 2012 performance report of leading cement producer PT Holcim Indonesia Tbk. At the annual general meeting of shareholders the company presented its 2012 annual report and accounts, together with a sustainable development review. Eamon Ginley, President Director of Holcim Indonesia said, “I Full Article
Indonesia Eximbank targets solid loan growth despite weak global economy | Insider company data
(Insider Stories)-Indonesia Eximbank targets solid loan growth despite weakness in many big export markets as it offers more types of loans and local exporters push into new export destinations. Loan growth is seen at 37% this year after loans rose 31.71% last year to 27.05 trillion rupiah ($2.8 billion) despite a turbulent global economy, the bank Full Article
UAE’s Mubadala Petroleum is operator of West Sebuku PSC
(Insider Stories)-UAE-based Mubadala Petroleum along with Japan’s top oil and gas explorer, Inpex Corporation, has been awarded the Production Sharing Contract (PSC) for the West Sebuku block located near Indonesia’s Makassar strait, reflecting increasing interest from Middle Eastern nations to invest in Indonesia. Mudabala said in a statement over the weekend that the PSC was Full Article
Star Energy’s Notes Oversubscribed 11 Times | INSIDER EXCLUSIVE
(The Insider Stories) — Indonesia power producer PT Star Energy through it’s subsidiary Star Energy Geothermal (Wayang Windu) Ltd has priced a US$350mn 7-year Senior Secured Notes offering at 6.125%. Star Energy’s Chief Financial Officer Hendra S. Tan told The Insider Stories the notes garnered a 11 times oversubscribed orderbook. “Even in the tight competition Full Article
Energy ministry fund may aid geothermal developments Bisnis Indonesia
(Insider Stories)-A fund to support geothermal investment planned by the Energy & Mineral Resources and Finance ministries may help speed development of Indonesia’s geothermal sector. “We will identify and create a list of geothermal project areas that are facing difficulties so that we can understand the difficulties they are facing and seek solutions,” energy ministry Full Article
20% Ketapang PSC purchase moves PGAS into upstream business | INSIDER NEWS
(Insider Stories)-State gas transmission and distribution company PT Perusahaan Gas Negara (PGAS) will keep looking for upstream projects following its purchase of a 20% participant stake in the Ketapang PSC block in East Java from Sierra Oil Services Ltd. “It’s the first time for us to go into an upstream oil and gas project. We Full Article
Belarus interested in Indonesia heavy machinery sector -Trade ministry | INSIDER NEWS
(Insider Stories)-The tiny Eastern European nation of Belarus is interested in investing in the heavy machinery industry in Indonesia, Trade Minister Mohamad S. Hidayat said Tuesday. Hidayat said following a meeting with Belorussian counterpart Dmitry Katerinich that Belarus had asked for help to find local partners and strategic locations and that the trade department had Full Article
ABM unit seals $225 mln contracting deal for South Sumatera coal mine | INSIDER COMPANY
(Insider Stories)-A contracting arm of coal miner PT ABM Investama Tbk sealed a $225 million deal at a coal mine in Musi Banyuasin South Sumatera province, it said in a statement Tuesday. Under the five-year contract with coal Miner PT Realita Jaya Mandiri, PT Cipta Kridatama will provide overburden removal and heavy equipment leasing, it Full Article
