(The Insider Stories) - China’s coal imports rose 14.5% on month in April as cheaper import prices encouraged end-users to raise orders, with shipments from Indonesia and the U.S. gaining the most, wire services report. Traders said most of the deals were signed earlier in the year. High supply levels have weakened regional prices but Read more
(The Insider Stories) - Cement sales in Indonesia jumped 8.6% to 18.1 million tons in April compared with 16.7 million tons in the same month last year, the Indonesian Cement Association (ASI) reported. The increase was faster than a 3.5% rise in March, which was the slowest pace in the last 15 months. Along with auto sales, Read more
(The Insider Stories) - Four workers have been rescued after a tunnel collapsed at PT Freeport Indonesia’s Grasberg mine in Papua province in eastern Indonesia and trapped 37 workers, while two have died, the Freeport-McMoRan Copper & Gold Inc. (FCX) subsidiary says in a statement. Indonesian media report one man was treated at a nearby hospital Read more
Azerbaijan may build $4.8 bln oil refinery, aluminum plant in Indonesia - Jakarta Post | Sector data
(Insider Stories) – Major Indonesian oil supplier Azerbaijan is planning a $4.8 billion refinery on Batam island in Riau province and an aluminum plant in Kalimantan, the South Caucasus nation’s ambassador tells The Jakarta Post. The Post quotes Tamerlan Karayev as saying at an embassy event. State Oil Co. Of Azerbaijan Republic (SOCAR) is in Read more(Insider Stories) - Premier Oil (PMO) announced that the Matang gas discovery on Block A Aceh in Indonesia has flowed gas at 25 million standard cubic feet per day, with initial sampling indicating the gas contained approximately 15% carbon dioxide. The gross resource estimate for the Matang structure remains in line with the pre-drill estimate of between Read more
(Insider Stories) - Asia-based natural resources trading and logistics group Power Capital Global (AIM:PCGB) via joint venture PCG Coal (Indonesia) has entered an offtake agreement with PT Perdana Maju Utama to acquire up to 1m metric tons of thermal coal, the company says on its website. Below is a statement from Power Capital Global. Joint Venture and Read more
(Insider News) South Korean city gas provider SK E&S Co. has signed a deal with a Chevron-led consortium to import 1.5 million metric tons of liquefied natural gas (LNG) a year from offshore East Kalimantan for its LNG power plant in Gwangyang, about 390 kilometers north of Seoul, Yonhap reports. Read more
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