Category: ResourceAsia
Indonesia, Papua New Guinea plan joint exploration
Indonesia and Papua New Guinea are planning joint exploration for potential oil and natural gas reserves in border areas. “The border possesses a huge amount of [...]
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Indonesia energy regulator trims 2014 oil target -media
Indonesia’s energy regulator says the country’s oil production target next year is too optimistic, and wants it scaled back between roughly 4 percent and 8 [...]
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UPDATE 2-Indonesia union urges completion of probes into…
All investigations into a tunnel collapse that killed 28 people at the world’s No.2 copper mine, run by Freeport McMoRan Copper & Gold Inc in Indonesia, must be [...]
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China launches major coal price index
A coal price index offering an alternative gauge for the bulk commodity was launched on Thursday in China, the world’s largest coal producer. The China Taiyuan Coal [...]
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Oil prices decline slightly on weak China data
Oil prices dropped slightly on Thursday on disappointing manufacturing data from China. China’s manufacturing activity in May contracted for the first time since last [...]
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Indonesia’s diesel demand expected to remain weak until end 2013 -trade
Indonesia’s diesel demand is expected to remain weak at least until the end of the year as a slowing economy, contraction in the mining sector and a shift towards [...]
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China’s Jinchuan shuts 200,000 T copper plant on scrap shortage
Jinchuan Group Ltd, China’s third-largest copper producer, has shut a 200,000 tonne-a-year facility due to a raw scrap shortage, which could reduce its refined copper [...]
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Rio Tinto chief warns of more job cuts
Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make $5 billion in savings by the end of 2014, but he was upbeat about demand for [...]
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China says illegal rare earth production, smuggling still rife
Illegal production and smuggling still dog China’s rare earth industry despite a long campaign to clean up the sector, contributing to a supply glut that has depressed [...]
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Mongolia seeks bids to mine part of huge Tavan Tolgoi coal mine
Mongolia’s Erdenes Tavan Tolgoi has launched a tender for a contract to mine the west Tsankhi portion of the giant Tavan Tolgoi coal field, a top executive at the [...]
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UPDATE 1-Brent falls below $100 as China PMI disappoints
Brent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm recovery in the second quarter, denting the outlook for fuel demand [...]
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Indonesia warns multinationals not to be greedy over resources
Indonesia’s president told major investors in his country’s natural resources not to be greedy, comments that suggest he is in no mood to row back on policies [...]
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Analysis: BP’s legal gamble may trim spill bill by billions
BP Plc’s attempt to get a US federal court to pin at least a sizeable amount of the blame for the Deepwater Horizon disaster on other companies may have saved it [...]
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Oil moves rise above $88 per barrel
The price of oil rose Monday as traders returned to commodities after big sell-offs last week. Benchmark crude for May rose 41 cents to $88.42 at midday Bangkok time in [...]
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Oil prices up in Asia on bargain hunting
Oil prices rose in Asian trade Monday as bargain-hunters moved in following a price plunge last week as investors waited for fresh economic data from China, analysts said. [...]
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