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Colin Bennett

Indonesia's ore export ban - the effects and implications - 0 views

  • An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia.
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    "An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia. "
Colin Bennett

Indonesia plans 63 processing plants by 2017 - 0 views

  • Indonesia wants to have 63 processing and refining plants for minerals such as copper, lead, bauxite, iron, nickel and manganese by 2017, a senior government official said.
Colin Bennett

Bringing power to remote Indonesia - 0 views

  • As Indonesia emerges as a leading developing economy, it faces a crucial challenge in its drive to bring a modern lifestyle to all of its citizens: supplying a consistent supply of power to its most isolated parts. In Fakfak, West Papua (Indonesia), MTU Onsite Energy installed six 12V 1600 engines, each capable of producing 634kW at 50Hz, to sustain the community's 2.4MWh peak demand.
Colin Bennett

Freeport Indonesia in talks with SOEs over viability of new copper smelter - 0 views

  • PT Freeport Indonesia is in talks with state-owned power enterprises and other companies over the economic viability of building a new copper smelter, a company spokeswoman said.
Colin Bennett

World copper production - 0 views

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    ICSG 1 Feb 09 - Based on existing facilities and announced project developments, annual mine production capacity in the period 2009-2013 is expected to grow at an average rate of around 4.3% per year (%/yr) to reach 23.1 Mt in 2013, an increase of around 3.6 Mt (19%) from that in 2009. Of the total increase, copper in concentrate capacity is expected to increase by 2.7Mt (4.3%/yr) to reach 17.9 Mt and solvent extraction-electrowinning (SX-EW) production by 820,000t (4.4%/yr) to reach 5.2 Mt. Most of the new mine projects and expansions are located in Brazil, Chile, Congo, Mongolia, Peru, the United States and Zambia, which together account for around 2.6 Mt (73%) of the projected mine capacity increase during this period. Annual smelter capacity is projected to grow by an average of 2.6%/yr to reach 20.2 Mt in 2013, an increase of 2 Mt (11%) from that in 2009. Asia will be the leading contributor to growth (1.8 Mt), with expansions and new projects expected mostly in China, but also in India, Indonesia and Iran. Africa is the second leading contributor owing to developments in Zambia. North American smelting capacity will fall by 12% (250kt) due to closures of plants in Canada. The ICSG tabulations indicate that world refinery capacity will reach 26.6 Mt in 2013, an increase of 3.2 Mt (13%) from that in 2009. About 2.3 Mt of the expansion is expected to come from electrolytic refineries and 820,000t from electrowinning capacity. Electrolytic refinery capacity growth is projected to average 3.1%/yr, exceeding the projected growth in smelter capacity, and electrowinning capacity growth (at the refinery level) is expected to average 4.3%/yr. About one half (1.5 Mt) of the world refinery capacity increase during this period is expected to come from electrolytic refineries in China; about 25% (830,000 t) from electrolytic capacity increases in India, Indonesia and Iran; and about 20% (600,000 t) from electrowinning capacity increases in Congo, Peru and Zambia.
Colin Bennett

Freeport Indonesia resumes shipment; restarts underground mine - 0 views

  • PT Freeport Indonesia has restarted underground mining operations at its Grasberg mine, two months after a tunnel collapse led to suspension of operations.
Colin Bennett

The BRICs and beyond: prospects, challenges and opportunities - 0 views

  • The report concludes that the emerging economies are set to grow much faster than the G7 over the next four decades. Figures for average growth in GDP in purchasing power parity (PPP) terms (which adjusts for price level differences across countries) show Nigeria leading the way over the period from 2012 to 2050, followed by Vietnam, India, Indonesia, Malaysia, China, Saudi Arabia and South Africa. John Hawksworth, PwC Chief Economist and co-author of the report, explains: "The global financial crisis has hit the G7 much harder than the E7 in the short term. And it has also caused downward revisions in the estimates of longer term trend growth in the G7 – particularly those economies in Europe and the US that had previously relied on excessive public and private borrowing to drive growth.” This means that, in PPP terms: The E7 could overtake the G7 before 2020 By 2050 China, the US and India could be by far the largest economies – with a big gap to Brazil in fourth place, ahead of Japan And by the same time, Russia, Mexico and Indonesia could be bigger than Germany or the UK; Turkey could overtake Italy; and Nigeria could rise up the league table, as could Vietnam and South Africa in the longer term. Beyond the largest economies, Malaysia has considerable long-term growth potential, while Poland could continue to outpace its Western European neighbours for some decades to come.
Colin Bennett

YAMAKIN to Establish New Base in Indonesia - 0 views

  • It is the second base in south-eastern Asia following Thailand, and it responds to increasing demand for automobile and electronic materials.
Piotr Ortonowski

Indonesia - Furukawa Electric to increase sales of copper wirerod - 0 views

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    Furukawa Electric said it plans to double sales to around ¥50 billion ($630.7 million) by 2015 though increasing production and sales in Indonesia. Sales are to increase at local plant TMS which manufactures copper and aluminium wirerod and the company hopes to capture the demand in infrastructure to increase its sales of cables. The company also expects increased demand from the automobile sector which will have a positive impact on wire harness production. In addition, Furukawa Electric said it had made an agreement with SUCACO for technical assistance with aluminium overhead ground wires and high performance electric wires.
Colin Bennett

Freeport-McMoRan's second-quarter profit - 0 views

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    NEW YORK, July 22 (Reuters) - Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research, Stock Buzz) said on Tuesday second-quarter profit fell 14 percent as output of the two metals dropped at its massive Grasberg mine in Indonesia.
Colin Bennett

Indonesia's power crisis - 0 views

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    Companies operating in Indonesia have criticised the government over power cuts and Jakarta's attempts to deal with them, including an edict forcing factories to move production to weekends from next week.
Colin Bennett

Freeport to boost Grasberg copper ore output - 0 views

  • Freeport-McMoRan Copper & Gold will increase daily ore output at its Deep Ore Zone Grasberg Mine in Indonesia to 80,000 tonnes per day by the end of 2013. This will be a 60% increase from the 2012 rate of around 50,000 tpd, which will help bring 2013 copper sales to 1.1 billion lb.
Piotr Ortonowski

Japan - Koyo Materica to engage in copper slitting - 0 views

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    Koyo Materica, Japan's leading nonferrous metals distributor, announced plans to enter the copper slitting business this winter, which will supply the Japanese automotive sector. A slitter line has been set up by the company in Indonesia.
James Wright

Japan - Furukawa Electric begins production of aluminium harnesses for cars - 1 views

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    Furukawa Electric Co., Ltd. said that it had recently started mass production of aluminium wire harnesses, which it promised can reduce weight by 40-50% from traditional copper harnesses aiding weight reduction in automobiles. It will supply wire rods from a factory in Indonesia to manufacture and assemble the electric wires in a subsidiary in Vietnam and it will manufacture harnesses used in the door section. The news follows Furukawa's early December announcement of an agreement to acquire the automotive connector business of Mitsubishi Cable Industries, Ltd. Furukawa said that it expected the acquisition to aid the development of new aluminium wire harness technologies and high voltage cables for electric and hybrid vehicles.
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