Indonesian Mining Association


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Investors Increasingly Confident

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Jakarta, Kompas – In 2010, realized investments in minerals and coal amounted to 3.186 billion US dollars. This means the government’s target was surpassed.

This was effected through implementation of Law (UU) Number 4 of 2009 concerning minerals and coal, and global mining commodity market conditions.

Data from the Energy and Mineral Resources (ESDM) Ministry reveal that minerals and coal realized investments up to mid December 2010 totaled 3.186 billion US dollars.

This figure did not include investment from mining authorizations or from mining operation permits issued by regional governments. ”This investment figure equaled 150 percent of the government’s target of 2.119 billion US dollars,” ESDM Minister Darwin Zahedy Saleh said in a presentation.

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NTB Still Stands a Chance to Own NNT Remaining Stake

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MATARAM - The three local administrations (Pemda) in West Nusa Tenggara (NTB) and their investor partners still have chance to own the 7% stake in PT Newmont Nusa Tenggara (NNT) divested under the 2010 period.

"The local administrations still stand a chance to own the share since any purchasing transaction has yet to be carried out," said Chief of NTB Mining and Energy Agency Eko Bambang Sutedja in Mataram, as printed by Antara on Tuesday (1/4).

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Pukuafu Files another Charge against NIL and NTMC over Newmont

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JAKARTA The dispute between PT Pukuafu Indah and Newmont Indonesia Limited (NIL) and Nusa Tenggara Mining Corporation (NTMC) over the 31% divested share in PT Newmont Nusa Tenggara (NNT) yet to be finished.

After winning two cases at the South Jakarta District Court in November of 2010, PT Pukuafu filed still another claim against the two companies.

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Trimex To Invest US$ 1 Billion

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By Abdul Muslim

JAKARTA – An Indian minerals producer, Trimex Industries, is mulling investing US$1 billion or equivalent to Rp.9 trillion in Indonesia. This company will build smelters in Papua and Kalimantan.

Industry Minister MS Hidayat said Trimex was experienced in the added value mining industry. “They are currently looking into investing US$1 billion,” Hidayat said after meeting with Singaporean Industry and Trade Minister Lim Hang Kiang in Jakarta, on Tuesday (4/1).

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