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  • QASA Market Updates • Updates • Mining
     

    Indonesia’s coal production during January-November 2011 is exported to China amount 92,15 million tons


    To boost the utilization of natural gas for domestic purposes, the government has prepared nine gas infrastructure projects


    PT Pertamina (Persero) targets to export 5 million liters of lubricant to China in 3-4 years

    Ferrostaal AG plans to build a petrochemical plant in Tangguh, West Papua


    Lubricant sales predicted to rise due to growing domestic demand


    Investment in the oil and gas sector is projected to reach US$18.3 billion next year


    Executive Agency for Upstream Business of Oil and Gas is optimistic to achieve the drilling target of 895 wells


    Nigeria and an Indonesian consortium signed a $960 million investment deal


    PT Pertamina, PT Chevron Pacific Indonesia and PT Medco Energi Internasional Tbk are ready to implement the enhanced oil recovery program


    South Korea is interested in making investment in the renewable energy sector in Indonesia


    Aneka Tambang plans to almost double its investment next year to finance various projects


    Chinese business group Ning Xia Hengshun Group is considering building a $7 billion nickel smelter in Indonesia


    Norway-based oil and gas company Hoegh LNG is eyeing a project worth of US$200 million


    The company projects its sales volume to reach 3,5 million tons by year-end and its average coal price to reach 59,8 USD per ton

    The Indonesian Coal Mining Association (APBI) projects that the national coal production will increase by 7%-10% next year to 370 million tons


    The utilization as of September 2011 reached 74% of the 290 tera British unit target


    The Company has been aggressively acquiring coal mines


    PT Pertamina (Persero), Petronas of Malaysia and PTT Public Company Limited of Thailand are considering a partnership to develop renewable energy, including biomass


    PT International Nickel Indonesia Tbk is ready to invest US$2 billion to increase production


    East Kalimantan and National Aluminum Company Limited signing memorandum of understanding on an aluminum smelting technical collaboration

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