Posts Tagged ‘Indonesia’

ASX Company News: Cougar Energy Enters Indonesian Coal Joint Venture

Tuesday, November 29th, 2011

Cougar Energy Ltd (CXY) is pleased to advise that it has signed a Memorandum of Understanding (MOU) with Indonesian mining company PT Medco Energi Mining Internasional (MedcoEnergi) to assess and identify coal deposits in Indonesia suitable for application of Underground Coal Gasification (UCG) technology, and to undertake the preparation of a preliminary study for their commercial development. The MOU also provides for the potential formation of a joint venture for development of these projects.

This MOU aligns Cougar Energy with a commercial partner of substance in Indonesia. MedcoEnergi, based in Jakarta, is a subsidiary of PT Medco Energi Internasional Tbk, a publicly listed company with a range of energy interests including domestic and international oil and gas operations, power generation and the development of downstream industries. MedcoEnergi shares with Cougar Energy the goal of bringing the UCG industry into the mainstream of energy supply in Indonesia.

Both MedcoEnergi and Cougar Energy see an immediate need for the provision of cheap and clean sources of power in Indonesia using local coal resources, which would potentially supplement MedcoEnergi affiliate’s current power generation capacity of around 200MW. The companies have already identified target coal resources and plan to progress the MOU goals rapidly.   This MOU is a significant addition to Cougar Energy’s announced plans for expansion and growth of its UCG businesses in Asia, which are focussed on the People’s Republic of China, Mongolia and Indonesia.

www.cougarenergy.com.au

http://www.traderdealer.com.au/fundamentals/cxy

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ASX Company News: Panax Geothermal To Develop Indonesian Geothermal Power Plants

Tuesday, August 17th, 2010

Panax Geothermal Ltd (PAX) is pleased to announce that it has completed a “Binding Terms Sheet Agreement” with PT Bakrie Power (“Bakrie”) regarding a Joint Venture for the exploration, development and generation of power from geothermal resources across the Republic of Indonesia. The new agreement replaces the previous “Memorandum of Understanding” between Panax and Bakrie as announced in June 2010.

The Joint Venture includes:

  • Geothermal project areas that have already been awarded to Bakrie;
  • Geothermal areas that Bakrie has already tendered for in Indonesia;
  • Additional geothermal areas that Panax and Bakrie will jointly identify as suitable for geothermal development.

The Joint Venture will initially focus on:

  • The development of existing geothermal resources of the Sokoria Project located on the Island of Flores, for the development of a 30 MW geothermal power plant; and
  • The direct supply of approximately 25 MW of base-load geothermal power from existing geothermal resources to PT Dairi Prima’s planned underground zinc/lead mine in northern Sumatra.

Panax and Bakrie have also completed a “Binding Terms Sheet Agreement” with PT Dairi Prima Minerals (“PTDPM”) for the supply of up to 25 MW of geothermal power for PTDPM’s Dairi Prima mine in northern Sumatra.

www.panaxgeothermal.com.au

http://www.traderdealer.com.au/Fundamentals/pax

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MOKO.Mobi Enters Indonesian Market

Tuesday, March 16th, 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has signed an agreement with PT Innotech Wireless Solutions, a leading mobile specialist service provider to all the major Indonesian mobile carriers. Innotech has been appointed as the exclusive agent for MOKO.mobi in Indonesia and will be responsible co-coordinating the launch of the service on the carrier’s portals with zero rated-data, premium MMS, and WAP billing. Indonesia is a large mobile market with over 180 million mobile customers. This contract means MOKO will significantly increase its presence in the South East Asian market, building on the exiting launches in Malaysia and Philippines.

“We are very excited to have Innotech partner with us in developing the Indonesian market. Innotech’s carrier relationships and technical understanding will enable MOKO.mobi to become the leading mobile Chat & Share service in the region”, said Ian Rodwell, MOKO.mobi’s CEO. “MOKO.mobi is one of the best mobile chat and community services we have come across and clearly demonstrates a unique commercial proposition for the carriers that is currently not being met, especially in the area of premium MMS” said Innotech Director Mr Stefanus Surjadi.

Established in 2005, PY Innotech Wireless Solutions is a technology developer and service provider specialising in Messaging, Tracking, Mobile Advertising, Loyalty Programs for corporate customers and mobile network operators in the Indonesian market.  MOKO.mobi is a global platform that enables people to Chat & Share Anywhere! People from around the world use MOKO.mobi on their mobile phone or PC to meet new people, chat in real-time with likeminded people, upload unlimited photos & video, share links, and sample & recommend music from the many MOKO.mobi

www.moko.mobi.

http://corporate.moko.mobi

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First Shipment of Copper Cathode from Indonesia

Tuesday, March 10th, 2009

Finders Resources Ltd. (FND) is pleased to announce the maiden shipment of 61 tonnes of copper cathode from the Wetar Copper Project on March 6th 2009. 

This shipment represents the first production of high quality cathode copper using heap leach and SX‐EW technology within Indonesia. Significantly, the Wetar Copper Project is in full accord with the push for increased levels of in country processing required by the new Indonesian mining law. 

The five tonne per day cathode demonstration plant has operated continuously since February 15 and for the past two weeks has been exceeding design capacity by 16%. 

Chris Farmer, Finders’ Indonesian based Managing Director, commented: “Progress at the demonstration plant strongly vindicates our faith in the technical robustness of the Wetar copper project.  As the first producer of value added copper metal in Indonesia, both the project and programs in place which assist local community development, are strongly supported locally.  The cash flow from production from the demonstration plant will provide a solid operating base for the company as we proceed towards developing the expanded 20,000 tpa copper mining and processing facility at Wetar.” 

http://www.findersresources.com/ 

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Leighton Secures $1.87 Billion Worth of Projects in Asia

Friday, February 13th, 2009

A wholly owned subsidiary of Leighton (LEI), Thiess was awarded a US$1.52 billion contract  extension for the operation of the Senakin and Satui Coal Mines in South Kalimantan, Indonesia.  Thiess Managing Director David Saxelby said, “The renewal of the contract is testament to Thiess’ performance and commitment to Indonesia. The additional work provides a tremendous boost to our base workload for the future.”

Thiess will continue its existing scope of work which includes mine planning, overburden removal, coal mining and transportation, plus operation of the coal processing plants and barge loading ports.  Thiess Indonesia President Director Roy Olsen commented that operations on both sites would be ramped up over the coming months to increase production to 12 MT of coal and 120 million cubic meters of overburden per annum.

In addition to this Leighton Asia has secured an A$350 million, six year mining contract for the Ukhaakhudag coal mine project in Mongolia.  Leighton Asia is currently working on site at Ukhaakhudag undertaking the initial mine development works and has established a mining team at the site that will commence the mining contract in March 2009. The contract works includes the removal of overburden and mining of the coal, plus provision of mining planning and engineering services. 

Hamish Tyrwhitt, managing director of Leighton Asia said, “This contract contributes significantly towards Leighton’s objective of becoming a global mining contractor.” 

http://www.leighton.com.au/


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