Category: ResourceAsia
Korea mulls building six more gas-fired power plants by late 2017
South Korea is considering to build six more gas-fired power plants, with a combined capacity of 5.06 million kW, by the end of 2017, as part of an effort to meet rising [...]
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PHI Group Cooperates With My Son Import Export JSC to Provide Indonesian Coal Supplies to Vietnam
PHI Group, Inc., (OTCQB: PHIL), (PINKSHEETS: PHIL), a company focused on energy and natural resources, announced today that it has signed a business cooperation agreement [...]
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INPEX launches FLNG FEED for the Abadi LNG project, the Masela Block, Indonesia
INPEX CORPORATION (INPEX) is pleased to announce today that its affiliate INPEX Masela, Ltd (INPEX Masela) has awarded contracts for the Front End Engineering and Design [...]
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New turn in Indonesia’s fight to end illegal tin exports
FROM July 1, the bar for tin exporters will be set very much higher. Not only will the minimum tin grade in finished metal be increased, but tough new limits on lead, cadmium [...]
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Pertamina says ConocoPhillips Algeria unit deal still set to roll
State energy firm Pertamina will proceed with its plans to acquire three Algerian oil and gas blocks from ConocoPhillips, a company spokesman says. Bloomberg News quoted Ali [...]
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Pan Orient Energy Corp.: Thailand L53-DC1 New Pool Discovery
Pan Orient Energy Corp. (“Pan Orient” or the “Corporation”) (TSX VENTURE:POE) is pleased to announce that the L53-DC1 appraisal well located in the [...]
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Archipelago Resources on target as production hits record
Archipelago Resources (LON:AR.) scored record gold production in its most recent quarter as it looks to boost capacity at its Toka Tindung mine in Indonesia. The miner [...]
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SouthCot board stands pat on open-pit mining ban
The proposed $5.9 billion Tampakan copper-gold project of foreign-backed Sagittarius Mines, Inc. continues to suffer a setback locally after the Sangguniang Panlalawigan of [...]
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All 13 dead in SW China coal mine blast
All the 13 miners trapped by a coal mine blast in southwest China’s Guizhou Province were confirmed dead, rescuers said Thursday, seven days after the accident. The [...]
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Caterpillar’s China push unearths trouble
When Caterpillar spent $886m last year to purchase a small mining equipment company virtually unknown outside China, it was hoping to jump-start its role in one of the [...]
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Neon receives approval for farmout agreement offshore Vietnam
Australia’s Neon Energy disclosed Tuesday that it has received approvals from state-backed PetroVietnam and the government of Vietnam to farm out two of its offshore [...]
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PTTEP allots 740b baht on expansion
PTT Exploration and Production Plc (PTTEP), Thailand’s sole petroleum explorer, has planned to spend $24.67 billion (around 740 billion baht) to support its investments [...]
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Company behind Montara spill aims to resume drilling
The company behind the worst oil spill in Australia in 25 years says it is aiming to restart production in the next two months. Bangkok-based PTT Exploration and Production [...]
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Bumi moves closer to taking legal action
Bumi intends to take legal action to recover lost funds at its Indonesian subsidiary, Berau Coal, as well as considering other claims resulting from a four-month long [...]
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BHP update fuels writedown speculation
BHP Billiton, the world’s biggest resources company by market value, has fuelled speculation of possible asset writedowns by again highlighting the pressures facing its [...]
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