The Mineral Industry of Indonesia in 2009
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Highlights on Indonesia's Copper Industry
Deloitte Indonesia Perspectives | Second Edition, February 2021 Highlights on Indonesia's copper industry 1. In 2017 Indonesia was the 11th largest copper mining 5. Other than Grasberg, Indonesia’s copper deposits producer in the world with production capacity include Amman’s Batu Hijau mine and the nearby equivalent to 600 thousand tons per annum. Elang copper-gold deposit in Sumbawa, and PT Merdeka Copper Gold Tbk’s Tujuh Bukit which is 2. However, Indonesia’s copper production has been located in Banyuwangi, East Java. The Elang copper- decreasing gradually since 2016, from 695.900 metric gold resource is in the exploration stage. It has an tons to 400,200 in 2019 (according to the World estimated deposit of 12,945 billion lbs of copper. Bureau of Metal Statistics) Potential annual production could be 300-430 million. 3. The Grasberg minerals district in Papua, which is 6. PT. Freeport Indonesia and Tsingshan Steel have operated by PT Freeport Indonesia, includes open- agreed in principle the development of a new USD1.8 pit and underground mines. It has produced 528 billion smelter in Teluk Weda, Halmahera. A definitive billion ounces of copper, including more than 432 agreement is expected to be signed before March billion ounces of copper from the Grasberg open pit 2021. between 1990 and 2019. 4. Extraction of ore from the Grasberg Block Cave Editoral team in collaboration with underground mine commenced in the second quarter Paulus Miki Kurniawan of 2019, which is the same ore body mined from the Paulus Miki Kurniawan is a Merger and Acquisition surface in the Grasberg open pit. -
Power Sector Vision for the Greater Mekong Subregion
ALTERNATIVES FOR POWER GENERATION IN THE GREATER MEKONG SUBREGION Volume 1: Power Sector Vision for the Greater Mekong Subregion Final 5 April 2016 FINAL Disclaimer This report has been prepared by Intelligent Energy Systems Pty Ltd (IES) and Mekong EConomiCs (MKE) in relation to provision oF serviCes to World Wide Fund For Nature (WWF). This report is supplied in good Faith and reFleCts the knowledge, expertise and experienCe oF IES and MKE. In ConduCting the researCh and analysis For this report IES and MKE have endeavoured to use what it Considers is the best inFormation available at the date oF publiCation. IES and MKE make no representations or warranties as to the acCuracy oF the assumptions or estimates on whiCh the ForeCasts and CalCulations are based. IES and MKE make no representation or warranty that any CalCulation, projeCtion, assumption or estimate Contained in this report should or will be achieved. The relianCe that the ReCipient places upon the CalCulations and projeCtions in this report is a matter For the ReCipient’s own CommerCial judgement and IES acCepts no responsibility whatsoever For any loss oCCasioned by any person acting or reFraining From action as a result oF relianCe on this report. Intelligent Energy Systems IESREF: 5973 ii FINAL Executive Summary Introduction Intelligent Energy Systems Pty Ltd (“IES”) and Mekong EConomiCs (“MKE”) have been retained by World Wild Fund For Nature Greater Mekong Programme OFFiCe (“WWF-GMPO”) to undertake a projeCt Called “ProduCe a Comprehensive report outlining alternatives For power generation in the Greater Mekong Sub-region”. This is to develop sCenarios For the Countries oF the Greater Mekong Sub-region (GMS) that are as Consistent as possible with the WWF’s Global Energy Vision to the Power SeCtors oF all Greater Mekong Subregion Countries. -
ESCAPING POVERTY – OR TAXES? a Danwatch Investigation of Tax Planning Opportunities in IFC-Supported Extractives Projects in Developing Countries
ESCAPING POVERTY – OR TAXES? A DanWatch investigation of tax planning opportunities in IFC-supported extractives projects in developing countries October 2011 Content RESEARCH: DANWATCH OCTOBER 2011 1. Summary & key findings....................................... p. 3 RECOMMENDATIONS: IBIS 2. Research methodology.......................................... p. 4 This is an independent DanWatch study conducted in accordance with Dan- Watch’s ethical guidelines and international principles on the conduct of journal- 3. IFC on tax.............................................................. p. 4 ists. DanWatch is fully responsible for the contents of the study. DanWatch is an independent non-profit research centre and media that investi- 4. IFC extractive-clients’ corporate structures......... p. 5 gates corporations’ impact on humans and the environment globally. The study is commissioned by the Danish development organisation IBIS. Based on DanWatch’s findings IBIS has provided a number of recommendations for 5. IFC extractive-clients’ tax planning...................... p. 7 IFC that are attached to the end of the report. 6. The case of Yanacocha.......................................... p. 8 7. Government efforts against tax planning............. p. 10 8. Transparency on payments to governments........ p. 11 9. Recommendations from IBIS to IFC.................... p. 12 2 1. Summary Key findings The World Bank’s private-sector entity - the In- The report identifies two key aspects of corporate tax An example from an OECD Policy Brief on the tax ternational Finance Corporation (IFC) - seeks planning that IFC extractive-clients can use to erode effects of FDI shows that: a company can reduce its to increase tax payments to the government in the host countries’ tax base: average tax rate on a foreign direct investment from developing countries through supporting their 30 pct. -
South China Sea Overview
‹ Countries South China Sea Last Updated: February 7, 2013 (Notes) full report Overview The South China Sea is a critical world trade route and a potential source of hydrocarbons, particularly natural gas, with competing claims of ownership over the sea and its resources. Stretching from Singapore and the Strait of Malacca in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one of the most important trade routes in the world. The sea is rich in resources and holds significant strategic and political importance. The area includes several hundred small islands, rocks, and reefs, with the majority located in the Paracel and Spratly Island chains. Many of these islands are partially submerged land masses unsuitable for habitation and are little more than shipping hazards. For example, the total land area of the Spratly Islands encompasses less than 3 square miles. Several of the countries bordering the sea declare ownership of the islands to claim the surrounding sea and its resources. The Gulf of Thailand borders the South China Sea, and although technically not part of it, disputes surround ownership of that Gulf and its resources as well. Asia's robust economic growth boosts demand for energy in the region. The U.S. Energy Information Administration (EIA) projects total liquid fuels consumption in Asian countries outside the Organization for Economic Cooperation and Development (OECD) to rise at an annual growth rate of 2.6 percent, growing from around 20 percent of world consumption in 2008 to over 30 percent of world consumption by 2035. Similarly, non-OECD Asia natural gas consumption grows by 3.9 percent annually, from 10 percent of world gas consumption in 2008 to 19 percent by 2035. -
Mining and Development in Indonesia: an Overview of the Regulatory Framework and Policies the Mineral Resources Sector Plays a Vital Role in the Indonesian Economy
Mining and Development in Indonesia: An Overview of the Regulatory Framework and Policies Researcher: Bernadetta Devi School/Centre: Centre for Social Responsibility in Mining University/ Sustainable Minerals Institute, Institution: The University of Queensland; Researcher: Dody Prayogo University/ LabSosio, Institution: University of Indonesia Key themes: Governance and Regulation; Community and Environmental Sustainability Key countries: Indonesia Completion: March 2013 Research aims: This desktop research provided a brief on mining legislation and policies in Indonesia, before and after the period of national and regional transition. The project aimed to identify current Indonesian regulatory frameworks/policies and analyse their implications for mining, Corporate Social Responsibility and community development and empowerment. For further information on this action research: Contact person: Bernadetta Devi [email protected] Summary of Action Research Activity Mining and development in Indonesia: an overview of the regulatory framework and policies The mineral resources sector plays a vital role in the Indonesian economy. Mining contributes approximately five percent of the total Indonesian Gross Domestic Product and a much greater share within the regional economies of some resource-rich provinces. The industry has attracted many investors, including ‘newcomers’ from China, India, Russia and South Korea. Indonesian civil society (and specifically local communities) is demanding that mining companies recognise their ‘local rights’, which sometimes leads to conflict between companies and local communities. This project provided an overview of the history of mining legislation and policies in Indonesia and an analysis of the current legislation and its impact within the mining industry. Seven key points were noted and expanded for consideration by policy makers, private enterprise and other stakeholders, to assist mining and development within Indonesia: 1. -
Annual Report and Accounts 2014 Accounts and Report Annual
and Accounts 2014 Annual Report Ophir Energy plc Annual Report and Accounts 2014 Ophir Energy creates value by finding resources and then monetising them at the appropriate time. The Group has an extensive and diverse Read more at portfolio of assets in Africa and Asia and is listed ophir-energy.com on the London Stock Exchange (FTSE 250). Ophir diversifies funding model through acquisition of Salamander Energy During 2014 Ophir agreed to acquire Salamander Energy. This acquisition provides Ophir with an Asian operating platform, with a cash generative production base that is resilient at low oil prices and will part fund the resource finding business. Review of operations page 22 Contents Strategic report 2 Financial statements 95 Overview Independent Auditor’s report 95 Financial and operational highlights in 2014 2 Consolidated income statement and Market overview 4 statement of comprehensive income 98 Business model 6 Consolidated statement of financial position 99 Chairman’s statement 8 Consolidated statement of changes in equity 100 Consolidated statement of cash flows 101 Strategy Notes to the financial statements 102 Chief Executive’s review 10 Statement of Directors’ responsibilities Strategy and key performance indicators 12 in relation to the Company financial statements 132 Principal risks and uncertainties 18 Company statement of financial position 133 Performance Company statement of changes in equity 134 Review of operations 22 Company statement of cash flows 135 Financial review 34 Notes to the financial statements 136 -
The World Bank Group in Extractive Industries
Public Disclosure Authorized THE WORLD BANK GROUP IN Public Disclosure Authorized EXTRACTIVE INDUSTRIES Public Disclosure Authorized 2012 ANNUAL REVIEW Public Disclosure Authorized i Table of Contents Abbreviations and Acronyms ............................................................................................................. iii Executive Summary ............................................................................................................................ v I. The World Bank Group in the Extractives Sector .......................................................................... 7 II. WBG – EI Financing in FY2012 ..................................................................................................... 7 IBRD & IDA ............................................................................................................................. 8 IFC .......................................................................................................................................... 8 MIGA ..................................................................................................................................... 10 III. Partnerships and Initiatives....................................................................................................... 11 Extractive Industries Transparency Initiative .......................................................................... 11 Global Gas Flaring Reduction Partnership (GGFR) ............................................................... 12 Petroleum -
Examples of Coupled Human and Environmental Systems from the Extractive Industry and Hydropower Sector Interfaces
Examples of coupled human and environmental systems from the extractive industry and hydropower sector interfaces Marcia C. Castroa,1, Gary R. Kriegerb, Marci Z. Balgeb, Marcel Tannerc,d, Jürg Utzingerc,d, Maxine Whittakere, and Burton H. Singerf,1 aDepartment of Global Health and Population, Harvard T. H. Chan School of Public Health, Boston, MA 02115; bNewFields, Inc., Denver, CO 80202; cSwiss Tropical and Public Health Institute, CH-4002 Basel, Switzerland; dUniversity of Basel, CH-4003 Basel, Switzerland; eCollege of Public Health, Medical and Veterinary Sciences, James Cook University, Townsville, QLD 4811, Australia; and fEmerging Pathogens Institute, University of Florida, Gainesville, FL 32610 Edited by Simon A. Levin, Princeton University, Princeton, NJ, and approved September 16, 2016 (received for review June 19, 2016) Large-scale corporate projects, particularly those in extractive indus- What these and many other projects lacked was a planning tries or hydropower development, have a history from early in the process in which the maximization of profit subject to the constraint twentieth century of creating negative environmental, social, and of minimal harm to the surrounding ecosystem was operational. health impacts on communities proximal to their operations. In many Here, the term “ecosystem” includes physical, biological, and social instances, especially for hydropower projects, the forced resettlement surroundings. For the early twentieth century projects, there was of entire communities was a feature in which local cultures and core essentially no analysis of where externalized costs were going and human rights were severely impacted. These projects triggered an who was bearing them. Modern notions of a priori impact assess- activist opposition that progressively expanded and became influential ment and alignment of corporate and societal interests (6) were not at both the host community level and with multilateral financial factored into project development and essentially did not exist. -
Golden Rules Making the Case for Responsible Mining
GOLDEN RULES Making the case for responsible mining A REPORT BY EARTHWORKS AND OXFAM AMERICA Contents Introduction: The Golden Rules 2 Grasberg Mine, Indonesia 5 Yanacocha Mine, Peru, and Cortez Mine, Nevada 7 BHP Billiton Iron Ore Mines, Australia 9 Hemlo Camp Mines, Canada 10 Mongbwalu Mine, the Democratic Republic of Congo 13 Rosia Montana Mine, Romania 15 Marcopper Mine, the Philippines, and Minahasa Raya and Batu Hijau Mines, Indonesia 17 Porgera Gold Mine, Papua New Guinea 18 Junín Mine, Ecuador 21 Akyem Mine, Ghana 22 Pebble Mine, Alaska 23 Zortman-Landusky Mine, Montana 25 Bogoso/Prestea Mine, Ghana 26 Jerritt Canyon Mine, Nevada 27 Summitville Mine, Colorado 29 Following the rules: An agenda for action 30 Notes 31 Cover: Sadiola Gold Mine, Mali | Brett Eloff/Oxfam America Copyright © EARTHWORKS, Oxfam America, 2007. Reproduction is permitted for educational or noncommercial purposes, provided credit is given to EARTHWORKS and Oxfam America. Around the world, large-scale metals mining takes an enormous toll on the health of the environment and communities. Gold mining, in particular, is one of the dirtiest industries in the world. Massive open-pit mines, some measuring as much as two miles (3.2 kilometers) across, generate staggering quantities of waste—an average of 76 tons for every ounce of gold.1 In the US, metals mining is the leading contributor of toxic emissions to the environment.2 And in countries such as Ghana, Romania, and the Philippines, mining has also been associated with human rights violations, the displacement of people from their homes, and the disruption of traditional livelihoods. -
Indonesia's Savviest Claim Gold As Their Next Big Investment
REVIEW By Alberto Migliucci CEO & Founder of PETRA COMMODITIES Indonesia’s savviest claim gold as their next big investment he yellow metal has clearly turned legendary hedge fund manager Stanley gold producer Newmont. The Batu Hijau the corner, becoming flat-out Druckenmiller of Duquesne Capital just mine is located in the southwest region of the bullish following the extensive made a huge bet on gold, going $300 million island of Sumbawa, West Nusa Tenggara and painful correction from long on the yellow stuff. He also took big Province, Indonesia. TAugust 2011 to year-end 2015. Year-to- new positions in Freeport-McMoRan, the “The transaction will directly provide date, the US dollar gold price has increased U.S. miner that operates Grasberg, the a strategic added value to MedcoEnergi circa 26 percent to US$1334 / oz. Petra world’s largest gold mine on the western in view of the world-scale operation of Commodities anticipated back in December half of Papua. Currently, Indonesia produces PTNNT. The acquisition will strengthen last year Forbes Indonesia “GOLDEN around four percent of global gold production MedcoEnergi’s position as an energy and OPPORTUNITY” by Alberto Migliucci (Indonesia is a top 10 gold producer), half natural resources top-tier enterprise in (http://forbesindonesia.com/berita-916- of which originates from the giant Grasberg Indonesia and emphasizes our commitment golden-opportunity.html) that gold would mine which is believed to contain the world’s to contribute to the national development,” turn making the decision of several savvy largest gold reserves (67.4 million ounces). Medco’s President Director and founder investors taking big positions in the precious Indonesia has seen a re-emergence in Hilmi Panigoro said in a statement. -
TROUBLED WATERS How Mine Waste Dumping Is Poisoning Our Oceans, Rivers, and Lakes
TROUBLED WATERS HOW MINE WASTE DUMPING IS POISONING OUR OCEANS, RIVERS, AND LAKES Earthworks and MiningWatch Canada, February 2012 TABLE OF CONTENTS EXECUTIVE SUMMARY .......................................................................................................1 TABLE 1. WATER BODIES IMPERILED BY CURRENT OR PROPOSED TAILINGS DUMPING ................................. 2 TABLE 2. MINING CORPORATIONS THAT DUMP TAILINGS INTO NATURAL WATER BODIES .......................... 4 TAILINGS DUMPING 101....................................................................................................5 OCEAN DUMPING ....................................................................................................................................... 7 RIVER DUMPING........................................................................................................................................... 8 TABLE 3. TAILINGS AND WASTE ROCK DUMPED BY EXISTING MINES EVERY YEAR ......................................... 8 LAKE DUMPING ......................................................................................................................................... 10 CAN WASTES DUMPED IN BODIES OF WATER BE CLEANED UP? ................................................................ 10 CASE STUDIES: BODIES OF WATER MOST THREATENED BY DUMPING .................................11 LOWER SLATE LAKE, FRYING PAN LAKE ALASKA, USA .................................................................................. 12 NORWEGIAN FJORDS ............................................................................................................................... -
Trends in Southeast Asia
ISSN 0219-3213 2015 #14 Trends in Southeast Asia INDONESIA-CHINA ENERGY AND MINERAL TIES BROADEN ZHAO HONG AND MAXENSIUS TRI SAMBODO TRS14/15s ISBN 978-981-4695-19-0 ISEAS Publishing 9 7 8 9 8 1 4 6 9 5 1 9 0 INSTITUTE OF SOUTHEAST ASIAN STUDIES Trends in Southeast Asia 15-01996 01 Trends_2015-14.indd 1 6/7/15 11:41 am The Institute of Southeast Asian Studies (ISEAS) was established in 1968. It is an autonomous regional research centre for scholars and specialists concerned with modern Southeast Asia. The Institute’s research is structured under Regional Economic Studies (RES), Regional Social and Cultural Studies (RSCS) and Regional Strategic and Political Studies (RSPS), and through country-based programmes. It also houses the ASEAN Studies Centre (ASC), Singapore’s APEC Study Centre, as well as the Nalanda-Sriwijaya Centre (NSC) and its Archaeology Unit. 15-01996 01 Trends_2015-14.indd 2 6/7/15 11:41 am 2015 # 14 Trends in Southeast Asia INDONESIA-CHINA ENERGY AND MINERAL TIES BROADEN ZHAO HONG AND MAXENSIUS TRI SAMBODO ISEAS Publishing INSTITUTE OF SOUTHEAST ASIAN STUDIES 15-01996 01 Trends_2015-14.indd 3 6/7/15 11:41 am Published by: ISEAS Publishing Institute of Southeast Asian Studies 30 Heng Mui Keng Terrace Pasir Panjang, Singapore 119614 [email protected] http://bookshop.iseas.edu.sg © 2015 Institute of Southeast Asian Studies, Singapore All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission.