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TAMBANG 21 April 2014 | 05.05
Petrosea Rely on Oil and Gas amid Sluggish Mining Industry
Jakarta - TAMBANG. The sluggish coal market due to lack of price improvement has not caused PT. Petrosea, Tbk., a subsidiary of PT. Indika Energy, lower its business acceleration. The companyís management has been looking for other ways to stabilize its balance sheet. Eddy Junaidi Janu, Director of Petrosea, admitted that his company has currently been working on two major projects outside of coal mining.
TAMBANG 21 April 2014 | 05.04
Out of Taxi Business, Start Anew in Coal Industry
Jakarta - TAMBANG. To focus more on coal business, PT. Centris Multipersada Pratama Tbk., (Centris) will let go of its ownership in some taxi transportation services. The profits gained will be used to fund its involvement in coal shipment services.
TAMBANG 21 April 2014 | 05.03
Minister Furious Over Electricity Price Row
Jakarta - TAMBANG. Being under the same auspices of the Ministry for State Owned Enterprises does not necessarily mean PT. Pertamina (Persero) and PT. PLN (Persero) always complement to each otherís wishes. The two companies have been involved in a row concerning a geothermal project worth Rp. 25 trillion, resulting in its delayed start. Dahlan Iskan, Minister for SOEs, has inevitably become infuriated.
TAMBANG 14 April 2014 | 01.02
CITA to Develop Smelter, Hope on Export Ease
Jakarta - TAMBANG. Since the ban on export of raw minerals came into effect on 12 January 2014, PT. Cita Mineral Investindo Tbk., (CITA) can no longer sell its bauxites. This year, the company will focus on completing the construction of its smelter, while still hope for leniency on the export policy. "This year, we will only focus on finishing the smelter; no capital expenditure to be incurred for production," explained Joshua Lumban Pardede, the companyís Corporate Secretary yesterday (10/4).
TAMBANG 14 April 2014 | 01.00
Tin Exploration Already Costs Fourteen Billion
Jakarta - TAMBANG. PT. Timah, Tbk.ís current exploration activitiesare rewarded with some positive results. Throughout March 2014, an ocean exploration has found an inferred tin resource of 1,070 tons, indicated tin resource of 918 tons and measured tin resource of 3,162 tons. Its land exploration also reaps a primary-inferred tin resource of 328 tons. The costs incurred for exploration thus far has not been in vain.