East Asia Resources - Mining, Oil, Gas RSS News Feed by Intellasia.Net

Pertamina EP expects higher output this month

Tue, 07 Feb 2012 07:00:00 +0800

Pertamina EP, the upstream business unit of state-owned oil and gas firm PT Pertamina, expects to produce 126,000 barrels of oil per day (bpd) in February, lower than the government's target of 135,000 bpd.

Red 5 pours first gold at Siana mine in Philippines?

Tue, 07 Feb 2012 07:00:00 +0800

Perth based Red 5 (ASX: RED) has poured first gold at the Siana mine in Surigao del Norte in the Philippines.

Exxon, Palmer in talks on PNG gas deal?

Tue, 07 Feb 2012 07:00:00 +0800

Billionaire mining magnate Clive Palmer is in talks with global giant ExxonMobil over the right to explore his expansive gas deposits in Papua New Guinea, according to The Australian Financial Review.

Inpex net income soars

Tue, 07 Feb 2012 07:00:00 +0800

Inpex said it had generated an increase in net sales of JPY 182.1 billion, up 26.7 percent on the previous year, taking the total for the three quarters to JPY 864 billion.

Malaysia plant threatens China grip on rare earths

Mon, 06 Feb 2012 07:11:00 +0800

China's chokehold on the rare earths vital for everything from iPods to missiles is widely expected to end soon, thanks in large part to a contentious new plant in Malaysia.

Refinery on target for not so rare earth?

Mon, 06 Feb 2012 07:00:00 +0800

Safety concerns and other hiccups have not stopped progress, writes Keith Bradsher.

Toledo Mining has new vision, strategy and potential

Mon, 06 Feb 2012 07:00:00 +0800

Toledo Mining (LON:TMC) chief executive Victor Kolesnikov set out his blueprint for the miner in a 20-page presentation delivered towards the end of last year.

Pertamina discovers oil and gas at Tiung Biru field

Mon, 06 Feb 2012 07:00:00 +0800

Indonesia's state-owned Pertamina said Wednesday it has discovered oil and gas at its Tiung Biru field in the Gundih block in East Java, at a flow rate of 2,546 b/d of oil and 2,750 Mcf/d of gas.

Sagittarius Mines deserves an ECC

Mon, 06 Feb 2012 07:00:00 +0800

One can just imagine the contorted expressions of disbelief, shock and even dismay on the faces of the executives of the Sagittarius Mines Inc. (SMI) when the bad news was delivered.

PetroChina buys stake in Canada shale gas project

Mon, 06 Feb 2012 07:00:00 +0800

State-owned PetroChina said it has agreed to take a 20 percent stake in a Canadian shale gas project owned by Royal Dutch Shell, China's latest acquisition of North American natural resources.

Chinalco Yunnan Copper Resources drills for copper, silver extensions at Xinzhai project in Laos

Sat, 04 Feb 2012 07:00:00 +0800

Chinalco Yunnan Copper Resources (ASX: CYU) is targeting down dip extensions of copper and silver mineralisation at the Xinzhai Project, where diamond drilling has commenced.

China limits ship ban to Vale's mega vessels

Sat, 04 Feb 2012 07:00:00 +0800

China's ban on large ships is limited to Vale's giant iron ore vessels, shipping sources said on Thursday, clearing up confusion in the maritime community as to whether new government regulations could cover other smaller ships.

Oil Search spuds PNG South 1 well

Sat, 04 Feb 2012 07:00:00 +0800

As at 0600 hrs PNG time on 2 February, the well was at a depth of 366 metres and drilling ahead in a 17-1/2' hole.

?Newcrest CEO has eyes on promising PNG gold find

Sat, 04 Feb 2012 07:00:00 +0800

Newcrest Mining Ltd (NCM.AU) Chief Executive Greg Robinson said Thursday that he would buy out equal partner Harmony Gold Mining Co.'s (HAR.JO) 50 percent share in a promising Papua New Guinea project if he could, although he doesn't expect its South African partner wants out of the Wafi-Golpu venture any more than he does.

Newcrest say PNG political unrest not affecting mining

Sat, 04 Feb 2012 07:00:00 +0800

Newcrest Mining, the world's No.3 gold producer, said on Thursday that political unrest in Papua New Guinea was having no impact on its mining operations in the country.

ExxonMobil starts drilling for PNG gas project expansion

Sat, 04 Feb 2012 07:00:00 +0800

ExxonMobil Corp. (XOM) and partners have started exploring for natural gas to support a possible expansion of the $15.7 billion PNG LNG gas export project in Papua New Guinea, partner Oil Search Ltd (OSH.AU) said Thursday.

PHI Group to Acquire One Hundred Million Metric Tonnes of Coal Resources in East Kalimantan, Indonesia

Sat, 04 Feb 2012 07:00:00 +0800

PHI Group, Inc. (otcqb:PHIE) (pinksheets:PHIE), a company focused on energy and natural resources, announced today that it has signed a Letter of Intent to acquire approximately 100 million metric tonnes of coal resources, together with the operation and production license (IUP Operasi Produksi), located in an area of 9,900 hectares in East Kalimantan, Indonesia from PT. MSP, an Indonesian company with headquarters in Kutai Timur, Kalimantan Timur, Indonesia.

Indonesia's Antam to produce 9pct less ferronickel in 2012 on turnaround

Sat, 04 Feb 2012 07:00:00 +0800

Indonesia's state-owned mining company Aneka Tambang, or Antam, is planning to produce 18,000 mt of ferronickel in 2012, down 8.6 percent from output of 19,690 mt in 2011, due to a planned turnaround this year, the company said Tuesday.

Thai Oil scouting for investment

Sat, 04 Feb 2012 07:00:00 +0800

He said TOP and the PTT group had conducted a joint study on possible investment destinations in Asean, especially Burma, Indonesia, Vietnam and Cambodia. TOP will focus its investment on the refinery business in these countries.

Berkwood provides update on geological mapping and soil sampling results on...

Fri, 03 Feb 2012 07:00:00 +0800

Berkwood Resources Ltd ("Berkwood") is pleased to provide an update on its 100 percent owned Cimandiri Gold Project in West Java, Indonesia and the previously reported geological mapping programme utilising two mapping teams (see news release dated October 27th 2011), as well as an update on the continuing soil sampling programme taking place on the Cimandiri Property.

China says ready to defend its rare earth policies

Fri, 03 Feb 2012 07:00:00 +0800

China's Commerce Ministry said on Wednesday it was prepared to defend its rare earth export policies at the World Trade Organisation, days after the global trade body ruled against its export restrictions on raw materials exports.

Olympus Confirms Mineralisation Widths Of Up To 78 Meters At Bau Central Gold Project

Fri, 03 Feb 2012 07:00:00 +0800

Toronto, January 31, 2012- Olympus Pacific Minerals Inc. Chief Executive Officer, John Seton, is pleased to announce continuing exploration success and substantial progress with feasibility studies for startup mining in the Jugan Sector of the Company's Bau Central property in Sarawak, East Malaysia.

China mega ships ban aimed at helping own shippers

Fri, 03 Feb 2012 07:00:00 +0800

China is shielding its loss-making shipping industry by blocking from its ports giant vessels such as those mining giant Vale SA is building to cut the cost of sending iron ore to its largest market, analysts said on Wednesday.

Intrepid Mines Limited Releases Activities Report and Appendix 5B

Fri, 03 Feb 2012 07:00:00 +0800

Intrepid Mines Limited CA:IAU +1.46 percent (asx:IAU) (the "Company") is pleased to announce the release of its report for the quarter ended 31 December 2011 regarding development and exploration activities, as required under ASX Listing Rules 5.1 and 5.3.

Japan protests to China over undersea gas drilling

Fri, 03 Feb 2012 07:00:00 +0800

Japan has accused China of unilaterally exploring gas deposits in the East China Sea, in violation of an agreement to jointly develop disputed areas.

TNB, Petronas to invest RM2bil in gas plant and LNG terminal

Fri, 03 Feb 2012 07:00:00 +0800

Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas) are investing RM2bil in a 300 MW gas plant and liquefied natural gas (LNG) terminal in Sabah.

Sugih Energy sets capital expenditure at Rp 400b

Fri, 03 Feb 2012 07:00:00 +0800

Publicly listed oil and gas explorer PT Sugih Energy is planning to spend around Rp 400 billion (US$44 million) on capital expenditure this year.

Copper bulls eye $10000 on China demand

Fri, 03 Feb 2012 07:00:00 +0800

The bulls are back. Industrial metals such as copper bore the brunt of last year's financial turmoil, shaking belief in a "supercycle" of rising prices. Now, though, they are enjoying a renewed wave of investor interest.

Lynas shares up after Malaysia approves new plant

Fri, 03 Feb 2012 07:00:00 +0800

Shares in Australian miner Lynas soared Thursday after Malaysia gave the green light for a controversial rare earths plant to be be built despite fears it could produce harmful radioactive waste.

Despite Chinese objections, Vale's ship comes in

Fri, 03 Feb 2012 07:00:00 +0800

A range of steel and shipping industry executives in China were utterly befuddled by the sudden arrival of the mega-ship Berge Everest at the Port of Dalian in late December.

Japanese firms undertake oil exploration study in northern Cambodia

Fri, 03 Feb 2012 07:00:00 +0800

Two Japanese oil firms began seismic acquisition studies in Cambodia on Tuesday to explore for oil and gas reserves in three northern provinces.

Australia's Otto Energy expects to win new licenses in Philippines, East Africa

Fri, 03 Feb 2012 07:00:00 +0800

Australia's Otto Energy said this week it will be acquiring new exploration licenses in the Philippines and onshore in the East Africa Rift Valley over the coming months as it works to expand on the success it and its partners have had with the Galoc field offshore Palawan in the Philippines.

Antam secures $650m loans for ferronickel plant in East Halmahera

Fri, 03 Feb 2012 07:00:00 +0800

State-owned mining firm PT Aneka Tambang Tbk. (ANTM) has secured $650 million in syndicated loans from four banks to build a ferronickel processing plant in East Halmahera, North Maluku, with an annual production capacity of 27,000 tonnes.

Aldridge Minerals Reports Drill Results from its 100 pct owned Kili Teke Project, Papua New Guinea