Category: ResourceAsia
Xstrata unit delays $5.9bn Philippine mine to 2019
Global miner Xstrata Plc’s Philippine unit has delayed by three years, to 2019, a target to start production at the $5.9 billion Tampakan copper-gold mine in the [...]
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Oil majors avoid Philippine bids for China-claimed sea blocks
The Philippines received bids from local companies to explore offshore areas claimed by China in a tender that the world’s biggest oil and gas firms avoided as the [...]
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PLN secures long-term LNG supply from Tangguh plant
State electricity firm PT Perusahaan Listrik Negara (PLN) will receive around 1 million metric tonnes of liquefied natural gas (LNG) per year from British oil and gas giant [...]
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Indonesia mining industry tipped for recovery in 2013
Mining companies see 2013 as a year of recovery after being hit hard by commodity price drops this year, while oil producers predict prices to stabilise. For both industries, [...]
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China to end price cap on coal
The Chinese government will abolish administrative controls on coal prices for power generation, according to a State Council guideline published on December 25. The [...]
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Russia extends reach into Asia with S$30.5b oil link
A day after Russia and India inked a series of agreements, the former superpower extended its reach into a rising Asia by unveiling its largest infrastructure project since [...]
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Indonesian companies ink crude, LNG, LPG agreements worth $6.12 billion
BP signed a heads of agreement Wednesday with Indonesia’s state-owned power utility Perusahaan Listrik Negara to supply 23.96 million mt of LNG over 20 years, starting [...]
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Philex halfway done in cleaning up mine spill
The country’s top gold producer, Philex Mining Corp., said it has cleaned up almost half of the silt which contaminated a creek when heavy rains at its mining site in [...]
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China rare earths producer extends output halt
China’s largest rare earths producer said Tuesday it would suspend output at some plants for another month, extending a halt started in late October to try and stem [...]
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B2Gold Shareholders Overwhelmingly Approve the Merger with CGA
PERTH, Western Australia, December 21, 2012/CNW/ – B2Gold Corp. announced on 20 December that its shareholders have approved the Company’s merger with CGA Mining [...]
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Newcrest and Antam complete transaction
Gold major Newcrest Mining and Indonesian State-owned mining company Antam on Friday in a combined statement announced they have received the necessary regulatory approvals [...]
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Southern Arc Announces Sale of Taliwang Project
Southern Arc Minerals (TSX VENTURE:SA)(OTCQX:SOACF) (“Southern Arc” or “the Company”) today announced that the Company has, subject to certain [...]
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Azerbaijan may build refinery in Indonesia
Indonesia attaches great importance to relations with Azerbaijan. The statement came from chair of the Council of Regional Representatives of Indonesia Irman Gusman. [...]
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Marengo Announces Implementation of Scheme
As announced on 18 December 2012, the Federal Court of Australia approved the restructure of Marengo Mining Limited (TSX:MRN)(ASX:MGO)(POMSoX:MGO) (Marengo) to redomicile to [...]
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‘Foreign firms still needed’ for deep oil & gas search: Indonesia official
Indonesia still needs the involvement of major foreign companies to tap into undiscovered oil and gas reserves in its deep sea waters in a bid to increase the country’s [...]
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