JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp192.72 billion in the first quarter (Q1)…
Oil Stays Below $92, Coal Shares Lost Steam
JAKARTA, Indonesia Today - Coal-related shares retreated in the region this morning, after substantial rebound on Tuesday, as Nymex crude…
CPO Slips, Dragging Down Plantation Shares
JAKARTA, Indonesia Today - Plantation shares slip again in the region this morning to tracking the downfall of crude palm…
Royal Oak Seeking Rp500 Billion Loan
JAKARTA, Indonesia Today - PT Royal Oak Development Asia Tbk (RODA) is now seeking bank loan amounting Rp500 billion for…
Banyu Urip Field Starts Oil Production in May 2014
JAKARTA, Indonesia Today - The Upstream Oil and Gas Regulatory Body (BPMIGAS) is confident that Banyu Urip project in the…
ENRG's Tonga Block Commences Oil Production
JAKARTA, Indonesia Today - Tonga block PSC, controlled by Energi Mega Persada (ENRG), has commenced oil production at capacity of…
Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village
SUMENEP, Indonesia Today - Hundreds of Sumenep residents, East Java force PT Energi Mineral Langgeng (EML) to stop its exploration…
State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert
JAKARTA, Indonesia Today – State Officers are likelihood to welcome international superstar Lady Gaga to perform at Gelora Bung Karno…
First Lady Downplays Ideas to Be 2014 President Candidate
JAKARTA, Indonesia Today – First Lady Ani Yudhoyono plays down the ideas of her presidential candidacy in 2014 Election currently…
Multipolar Expands in Direct Broadcast Satellite Business
JAKARTA, Indonesia Today - PT Multipolar Tbk has acquired 85% shares of PT Tecnoves International as part of its expansion…
Delta Dunia Coal Output Down 2%
JAKARTA, Indonesia Today - PT Bukit Makmur Mandiri Utama (BUMA), mining contractor unit of PT Delta Dunia Makmur Tbk (DOID),…
JAKARTA, Indonesia Today - PT United Tractors Tbk (UNTR)’s coal sales in the first four months of 2012 jumped 37.3%…
Latest News
Sukhoi Victims’ Bodies Returned to Families, Insurance Payment Not Clear YetJAKARTA, Indonesia Today – The remains of all 45 victims of the crash Sukhoi Superjet 100 have been handed over to... People | Wednesday, 23 May 2012 Read more |
Kalbe Farma to Pay Dividend Rp891 BillionJAKARTA, Indonesia Today - Pharmaceutical giant PT Kalbe Farma Tbk (KLBF) will pay dividend of Rp891 billion, or Rp95 per sh... Pharmaceuticals | Wednesday, 23 May 2012 Read more |
Bank Papua Q1 Profit Rp101.79 BillionJAKARTA, Indonesia Today - PT Bank Pembangunan Daerah Papua (Bank Papua) booked profit after tax of Rp101.79 billion in the ... Banking | Wednesday, 23 May 2012 Read more |
Naga Selatan-1 Drilling Reaches 84% Total DepthMELBOURNE, Indonesia Today - Cue Energy Resources Ltd says the drilling in the Naga Selatan-1, East Kalimantan well has reached 84... Energy | Wednesday, 23 May 2012 Read more |
SGX offers MSCI Indonesia Futures from 11 JuneSINGAPORE, Indonesia Today - Singapore Exchange’s (SGX) MSCI Indonesia Index Futures will begin trading from 11 June ... Stocks | Tuesday, 22 May 2012 Read more |
Bank Permata Sets Bond Coupon at 8.5-9.5%JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) has set indicative coupon of between 8.50% to 9.50% for its ... Bonds | Tuesday, 22 May 2012 Read more |
Three Trucks of PTPN II Burnt Down Following Clash with Local PeopleDELI SERDANG, Indonesia Today - Local people have burnt down three unit trucks of State plantation company PT Perkebunan Nusantara ... Dispute | Tuesday, 22 May 2012 Read more |
Multipolar Controls 10.59% Stake in Bank NobuJAKARTA, Indonesia Today - Lippo Group’s service and trading company, PT Multipolar Tbk (MLPL) invests Rp43.73 billion in PT Nationalnobu ... Banking | Tuesday, 22 May 2012 Read more |
IDX Gains 1.19% on Regional and Wall Street ReboundsJAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) gained 1.19% to 3,986.90 this morning following the re... Stocks | Tuesday, 22 May 2012 Read more |
Fitch Affirms Bank Riau Kepri at 'A(idn)'JAKARTA, Indonesia Today - Fitch Ratings has affirmed PT Bank Pembangunan Daerah Riau Kepri's (Bank Riau Kepri) National Long-Term Rating at... Banking | Monday, 21 May 2012 Read more |
Fitch Upgrades BPD Maluku to 'A(idn)'JAKARTA, Indonesia Today - Fitch Ratings has today upgraded PT Bank Pembangunan Daerah Maluku's (Bank Maluku) National Long-Term Rating and se... Banking | Monday, 21 May 2012 Read more |
Astra Sedaya Financing Likely to Go Up to $200 MillionJAKARTA, Indonesia Today - The US$120 million three-year term loan for Astra Sedaya Finance is oversubscribed and may be increased to... Banking | Monday, 21 May 2012 Read more |
Templeton's Investment in Indonesia Declines to 5% in AprilFLORIDA, Indonesia Today - Templeton Global Income Fund invested 5% of its total net assets in Indonesia as of April 30... Stocks | Monday, 21 May 2012 Read more |
Pratt & Whitney Canada Signs 5-Year Service Agreement with Pacific Royale AirwaysMINNESOTA, Indonesia Today - Pratt & Whitney Canada SEA (P&WC SEA), located in Singapore, has signed a five-year Maintenance, Repair an... Transportation | Monday, 21 May 2012 Read more |
Nomura Research Establishes Representative Office in JakartaTOKYO, Indonesia Today - Nomura Research Institute Ltd. (NRI), a leading provider of consulting services and system solutions, today announces th... Internet | Monday, 21 May 2012 Read more |
Omedia Again Extends Megapower AcquisitionKUALA LUMPUR, Indonesia Today - Oriented Media Group Berhad (Omedia) extends its proposed acquisition of 85% equity interest in PT Me... Energy | Monday, 21 May 2012 Read more |
Interra's Goldpetrol Commences Drilling in MyanmarSINGAPORE, Indonesia Today - Interra Resources Limited, a company controlled by Indonesian tycoon Edwin Soeryadjaya, announces today that its jointly co... Energy | Monday, 21 May 2012 Read more |
JSW Steel Production Grows 10% in AprilSINGAPORE, Indonesia Today - JSW Steel Limited reported monthly crude steel production of 7.15 lacs tons for April 2012, with a ... Steel | Monday, 21 May 2012 Read more |
Tunas Ridean to Acquire Izusu DistributorJAKARTA, Indonesia Today - Car distributor and dealer PT Tunas Ridean Tbk (TURI) and its unit PT Tunas Mobilindo Parama pl... Automotive | Monday, 21 May 2012 Read more |
Surya Toto to Build Sanitary Factory This YearJAKARTA, Indonesia Today - Sanitary and plumbing company PT Surya Toto Indonesia Tbk (TOTO) intends to build new sanitary factory in... Stocks | Monday, 21 May 2012 Read more |
Zebra NUsantara to Acquire CNG DistributorJAKARTA, Indonesia Today - Transportation company PT Zebra Nusantara Tbk (ZBRA) plans to acquire a company, distributor of compressed natural gas... Transportation | Monday, 21 May 2012 Read more |
Mother of Hidayat Nur Wahid Passes AwayJAKARTA, Indonesia Today – Siti Rahayu, mother of Hidayat Nur Wahid, Jakarta governor candidate from the Prosperous Justice Party (PKS), ha... People | Monday, 21 May 2012 Read more |
Bank Riau Kepri Books Rp64 Billion Profit in Q1JAKARTA, Indonesia Today - Regional development bank PT Bank Riau Kepri reported profit after tax of Rp63.89 billion in the fi... Banking | Monday, 21 May 2012 Read more |
Bank Sulselbar Books Rp68 Billion Profit in Q1JAKARTA, Indonesia Today - Regional development bank PT Bank Sulawesi Selatan dan Barat (Sulselbar), formerly PT Bank Sulsel, posted consolidated pr... Banking | Monday, 21 May 2012 Read more |
Resources
ASX-listed Victory West Moly Limited has entered into a binding agreement with Oceantide Investments Pty Ltd for the right to acquire within the next two months Oceantide's rights to a DSO nickel project in South Sulawesi, Indonesia.
Victory West could acquire 100% of Oceantide's equity capital or 100% of Oceantides rights to the project in South Sulawesi, nearby Rio Tinto's Lasamphala and Inco's Soroako nickel projects.
Oceantide has secured the right to acquire 70% equity interest in a nickel exploration IUP concession held by PT Primara Utama Lestari through making certain payments in a combination of cash and scrip and sole funding of the project to production.
The IUP concession area covers approximately 1,608 hectares, and is located in Malili East Luwu in South Sulawesi. In consideration for the rights to acquire Oceantide's right in relation to the Luwu nickel project, Victory West has loaned Oceantide US$100,000 on commercial terms.
DSO laterite nickel ore market is a well-established international market, with the bulk of material predominantly exported from Indonesia, the Philippines, and New Caledonia to Japan, Europe, and China. The lower grade material is commonly used as feedstock for blast furnaces to produce nickel pig iron for stainless steel producers. The higher grade ore is mainly used for smelting to ferronickel or matte.
- Titan Re-tender Flight Services for Natuna's Rig Operation
- Bumi Resources Prepares $1.25 Billion for Funding Expansion
- Ashburton Proceeds with Diamond Drilling at Obi Island, Maluku
- Augur Confirms Gold Mineralisation in Lipi West Zone, Java
- KOPEX to Co-Fund TCM Coal Project in Kalimantan
» Sarana Menara gains 29.5%
» Bayan Resources H1 Profit Rp991.27 Billion
» Anglo Eastern Builds Two New CPO Mills in Indonesia
» SBY Supports Renegotiation of Natural Resources Contracts
» WOM Finance H1 Profit Slashed 99%
» Peabody, ArcelorMittal Obtain Majority Interest in Macarthur Coal
» Fast Food Indonesia Q1 Profit Inches Up 2.4%
» Further Drilling Commenced at TCM Project, Kalimantan
» Rahmat - Indonesia Power Mediation Failed
» Sorik Geothermal Exploration Postponed to Second Half
» Tjiwi Kimia Reports Flat Profit in Q1
» Motorcycles Sales Grow 15.5% in 5 Months
» BTN Sets 20% Dividend Payout Ratio for 2011
» IDX Closes Morning Up 0.44%
» Boral Indonesia Revenues Grow 3%
Latest News
- Prisma Resources Deploys NetSuite Cloud Solution for Business Efficiency
- Augur Confirms Excellent Metallurgical Results from Wonogiri
- Padang Resources Secures Drill Core and Data on Paser Project
- 235 Miners Have Clean & Clear Mining Licenses
- Madhucon Gets Forest Clearance License in Dawas Mine
- Moody's: Proposed Indonesia Export Tax is Credit Negative for Antam
- Kalimantan Gold Closes Private Placement
Most Read
Most Read
- Ibrahim Risjad Passes Away
- 8.5 Richter Scale Earthquake Hit Aceh
- Jusuf Merukh Passes Away
- Astrid Ellena Named Miss Indonesia 2011
- Rio Tinto Boosts Ownership in Ivanhoe Mines
- SBI Holdings Acquires 25% BNI Securities
- Telkom's 2010 Dividend Payout Ratio Set for 55%
- Lion Air & Berjaya Vacation Club Join Forces in B-Air
- 26 Miners Have Non Clean & Clear Mining Licenses in Lahat
- Standard Chartered Bank Turns to Profit in H1
- CIMB & Maybank May Commence Merger Negotiations with RHB Capital
- Indorama to Control 82% Polyprima Karyareksa
- BUMI Cancels Divestment of Gallo Oil
- CKRA Audit Gets Disclaimer
- Marubeni Acquires YTL Shares in PT Jawa Power for US$224 Million