Gas – CBM Asia achieved a significant milestone this week after it signed a Memorandum of Understanding with PT Navigat for up to 5 Mmscfd of coal-bed methane.
Articles Tagged "indonesia"
Nickel – Bloomberg reported that yesterday, Citigroup Inc. (NYSE:C) raised its 2014 nickel price forecast from $16,375 to $17,000 per metric ton (MT) due to its belief that "the Indonesian export ban is essentially being mispriced."
Coal – Reuters reported that many coal mine investments over the past 10 years were driven by Chinese demand for the fuel. As a result, the country's plan to address pollution is now threatening major coal projects in locations such as Australia, Indonesia and Mozambique.
Nickel – Nickel prices are very likely to see a boost if Indonesia goes through with a proposed ban on unprocessed ore exports on January 1, 2014. However, as yet it is unclear if the country will actually do so.
Nickel – Mineweb reported that according to analysts at UBS AG (NYSE:UBS), Indonesia's ban on the export of nickel ore has a "low likelihood" of happening. The firm believes that a "phased ban that doesn't put near the same pinch on nickel supply" is more likely.
Nickel – The Financial Times reported that Indonesia's chamber of commerce has warned that if a planned ban on the export of raw minerals goes froward, the country's mining industry will collapse. Many believe the government will ultimately change its mind about the ban.
Nickel – Reuters reported that Indonesia's potential nickel export ban could push prices for the metal up by over 20 percent, according to analysts. It would not, however, be good for nickel pig iron.
Tin – Indonesia, supplier of more than one-third of the world's tin, has begun to institute new rules to control the tin trade.
Nickel – MetalBulletin reported that David Wilson, director of metals research and strategy at Citigroup Inc. (NYSE:C), believes that, contrary to what many believe, Indonesia is indeed likely to impose restrictions on ore exports.
Coal – Reuters reported that although Indonesia is the world's top exporter of thermal coal, every year over $5 billion worth of the fuel is mined illegally and as a result goes untaxed.