Tag: indonesia
NSSMC suspends CRC exports to Indonesia
Nippon Steel & Sumitomo Metal Corporation (NSSMC) has suspended cold rolled coil exports to Indonesia after the Indonesian government announced to levy antidumping duty on CRC imports from Japan. According to data released by the South East Asia Iron & Steel Institute, Indonesia’s CRC imports accounted for 30% of the country’s total consumption.
Construction underway at USSU Nickel Project
Construction and development activities are underway at the USSU nickel project in Indonesia. Victory West Moly will be responsible for clearing and commencement of earthworks for the initial mining, stockpile and port areas, port haul road and mine roads. The USSU nickel project covers approximately 1608ha
Russia to build nickel smelter in Indonesia
Russia is set to invest USD 3 billion to build a nickel smelter in Halmahera Island, eastern Indonesia. According to Indonesian Chief Economic Minister Hatta Rajasa, the construction is to commence in the first half of 2011.
Sulawesi nickel project in Indonesia
A local unit of Rio Tinto has been given a mining permit for a nickel project in Indonesia worth USD 2 billion.
Oil and gas find offshore Indonesia
Italy-based Eni has made a new hydrocarbon discovery offshore Indonesia as it aims to boost activity in the region.
Indonesia: LNG terminal
A LNG floating receiving terminal will be constructed in the North Sumatra area of Indonesia to secure natural gas supplies for a power plant.
Indonesia: LNG receiving terminal
Indonesia's state-owned electricity company PLN is assessing bid documents submitted by investors for a contract to build a LNG receiving terminal in Bojonegare, Banten. Seven foreign and local investors are reported to have submitted bid documents for the engineering, procurement, and construction tender.
EU anti-dumping duties
The EU has said that it has imposed anti-dumping duties ranging from 7% to 27.4% on imports of certain stainless steel fasteners and their parts from China, Taiwan, Indonesia, Thailand and Vietnam.
Indonesia: pipeline deal
Indonesian state gas utility company PT Perusahaan Gas Negara PGN, will sign a USD 165 million agreement with Nippon Steel Corp. for a gas pipeline project to construct a 110km subsea pipeline segment that will link gas rich South Sumatra with Indonesia’s main island of Java.
Indonesia: Petronas to invest
Malaysian state gas and oil company Petroliam Nasional Bhd (Petronas) plans to expand its businesses in Indonesia by investing USD 100 million this year.
