Asia Shipping Correspondent
Randolph's Feed
Apr 9, 2014

Indonesia’s Islamic parties surprise with strong showing in election

JAKARTA (Reuters) – Indonesia’s Islamic political parties are poised to grab a larger-than-expected share of the vote in Wednesday’s general election, indicating a loyal following in the world’s most populous Muslim nation despite a spate of corruption scandals.

The country’s five Islamic-based national parties looked to have grabbed a combined 32 percent share of the national vote, performing slightly better than in the last parliamentary election in 2009, according to a quick count by think-tank CSIS.

Mar 27, 2014

Indonesia, Freeport deal allows copper exports to resume

JAKARTA, March 27 (Reuters) – Indonesia has reached a deal
over export taxes with U.S. mining company Freeport-McMoRan
Copper & Gold Inc, allowing nearly $4 billion worth of
annual copper shipments to resume as early as next month.

Freeport and fellow U.S. miner Newmont Mining Corp
have halted copper concentrate shipments since January, refusing
to pay an escalating export tax that they say breaches their
contracts.

Mar 27, 2014

Indonesia, Freeport reach tax deal; copper exports to resume

JAKARTA, March 27 (Reuters) – Indonesia has reached a deal
over export taxes with U.S. mining company Freeport-McMoRan
Copper & Gold Inc, allowing nearly $4 billion worth of
annual copper shipments to resume as early as next month.

Freeport and fellow U.S. miner Newmont Mining Corp
have halted copper concentrate shipments since January, refusing
to pay an escalating export tax that they say breaches their
contracts.

Mar 24, 2014

Insight – Russia’s leading role in the Indonesian mining revolution

JAKARTA (Reuters) – Russia’s two metal giants have emerged as big winners from Indonesia’s new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of opposition from miners and Asian buyers.

In its six-month lobbying campaign last year, United Company Rusal and Norilsk Nickel delivered a blunt message to Indonesian officials: We will only invest billions of dollars in smelters if you ban bauxite and nickel ore exports.

Mar 23, 2014

Russia’s leading role in the Indonesian mining revolution

JAKARTA, March 24 (Reuters) – Russia’s two metal giants have
emerged as big winners from Indonesia’s new mining law, after
leading a drive to get Jakarta to stick to its controversial
mineral ore export ban in the face of opposition from miners and
Asian buyers.

In its six-month lobbying campaign last year, United Company
Rusal and Norilsk Nickel delivered a blunt
message to Indonesian officials: We will only invest billions of
dollars in smelters if you ban bauxite and nickel ore exports.

Mar 12, 2014

Indonesia’s next leader unlikely to ease tough mineral export rules

JAKARTA, March 12 (Reuters) – Indonesia’s next president is
unlikely to make major changes to the country’s controversial
mining rules, after major political parties backed an export ban
that has led miners to halt $6 billion in annual mineral
exports.

The broad political support will disappoint miners, like
Freeport-McMoRan Copper & Gold, Newmont Mining Corp
, that may have been hoping the tough new rules were only
temporary measures imposed by a lame duck administration.

Mar 3, 2014

Indonesian ministry may recommend easing of Freeport tax this week

JAKARTA, March 3 (Reuters) – Indonesia’s mines ministry
could recommend as early as this week that Freeport-McMoRan
Copper & Gold receive a reprieve from a controversial
tax that has halted copper exports for more than two months, a
government official told Reuters.

Freeport and fellow U.S. miner Newmont Mining Corp
have refused to pay an export tax on mineral concentrates
imposed in January, which rises from 25 percent this year to up
to 60 percent by the second half of 2016, saying it breaches
their contracts.

Feb 11, 2014

Despite good data, headwinds await Indonesia’s economic growth

JAKARTA, Feb 12 (Reuters) – Ibris Nickel Pte Ltd has not
made a shipment from its remote mine in Indonesia’s Southeast
Sulawesi for six weeks and is bleeding $12 million a month, one
of hundreds of small miners squeezed by a controversial mineral
export ban imposed last month.

The problems at privately owned Ibris illustrate one of
several headwinds facing Indonesia, Southeast Asia’s biggest
economy, despite a spate of surprisingly strong economic data.

Jan 17, 2014

New copper tax clouds Freeport’s outlook in Indonesia

JAKARTA, Jan 17 (Reuters) – Indonesia’s top copper producer,
Freeport McMoRan Copper & Gold, faces paying billions of
dollars more in taxes if it fails to convince the government to
back down from a new export tax, a dispute sources say may end
in legal arbitration.

Freeport and fellow miner Newmont Mining, which
together account for virtually all copper mining in Indonesia
and are exempt from export taxes under their current contracts,
are expected to meet with finance ministry officials later on
Friday.

Jan 10, 2014

Indonesia braces for impact of mineral export ban

JAKARTA, Jan 10 (Reuters) – Indonesia’s government was
scrambling to pass last-minute regulations to limit the impact
of a controversial ban that could halt billions of dollars worth
of unprocessed mineral ore exports from Sunday.

The Southeast Asian nation is the world’s biggest exporter
of nickel ore, refined tin and thermal coal and home to the
fifth largest copper mine and top gold mine. Mineral shipments
totalled $10.4 billion in 2012, or around 5 percent of
Indonesia’s total exports, according to the World Bank.