USD67 Million Raised for Mali Gold Project

Confidence about a prospective gold mine in Mali got a significant boost, after the company behind the project raised US$67 million to go toward construction.

As reported by, AIM-listed Hummingbird Resources (LSE:HUM) placed 103,698,254 shares at 22 pence per share and a subcription offer for another 105 million shares at the same price.

The GBP45.8 million will be plowed into construction […]

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List of The World’s Top 10 Gold Producing Mines

Gold output across the globe hit an all-time high in 2015, climbing 1.8 percent to 3,211 tonnes. Much of this growth was led by Mexico, whose output increased double digits (18 percent) from 112 tonnes in 2014 to 133 tonnes last year. Indonesia grew 20 percent, Kazakhstan 29 percent.

This year, global production is expected to level out as project development […]

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Should Indonesia Build Nuclear Power Plant Immediately?

The Minister of Research, Technology and Higher Learning Education, Mohamad Nasir, said Indonesia must immediately build a nuclear power plant to meet the electricity needs of 60,000 megawatt by 2025.

“A nuclear power plant must be given serious consideration,” he argued as reported by Antaranews.

He pointed out that the trend has shifted from oil and coal to new and renewable energy […]

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Indonesia Has Sufficient Number of Nuclear Experts

The Minister of Research, Technology and Higher Education, Mohamad Nasir, said Indonesia has a sufficient number of nuclear experts to develop the technology. Indonesia has several universities which have study programs in nuclear science and engineering, the minister pointed out here on Tuesday.

“The Bandung Institute of Technology has engineering and physics program, and the Gadjah Mada University in Yogyakarta has […]

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Energy Industry Could Cut Emissions by 80% and Enhance Competitiveness

Energy intensive industries can cut CO2 emissions by 80 percent and enhance their competitiveness at the same time, however, to do so a reform to the EU Emissions Trading System (EU ETS) is needed, it was claimed in the new Carbon Market Watch report published on Wednesday.

“Under the EU ETS, energy-intensive industries are allowed to pollute for free and are […]

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World of Mining Industry Welcoming The New Player

The Inova Mineral initiative will support, via grants and equity stakes, new projects involving strategic minerals such as niobium, cobalt, lithium, graphite, rare earths and others considered “carriers of the future”, while the government also stated that it wants to promote the consolidation of production chains.

Brazilian companies will be able to submit business plans addressing a wide range of areas […]

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World Energy Outlook 2016 Benefits

Nearly 100 experts from around the world gathered in April to advise the IEA on how renewable energy can best be used to fight climate change, improve energy security, and reduce local air pollution.

The International Energy Agency hosted nearly 100 experts from around the world, representing governments, industry, academia, financial institutions, and civil groups, on April 29, to advise “on […]

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Indonesia and Russia Keen on Boosting Economic Ties

Before attending the ASEAN-Russia Summit, President Joko Widodo (Jokowi) and his Russian counterpart Vladimir Putin held a bilateral meeting to discuss efforts to expand cooperation in various fields, particularly to increase trade between both nations.

“Our talks with the president of Indonesia have been substantive and constructive,” Putin stated in connection with the bilateral talks held at the Russian presidents residence […]

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Indonesia to Review 35GW Power Program Amid Investor Doubts

Indonesian President Joko Widodo has called for a review of the country’s ambitious program to develop 35 gigawatts of new power stations by 2019, the energy minister said on Friday.

“He emphasised that there should be a thorough review while the deadline is still a long way off, so that we don’t encounter obstacles when we’re already halfway,” Minister Sudirman Said […]

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12 Australian Companies Ready to Invest in Indonesia

The Indonesia Investment Coordinating Board (BKPM) has recorded that 12 Australian companies are interested in investing in Indonesia.

“In terms of the beverage industry, an Australian company has committed to investing US$53 million in Indonesia, and principle permission has also been obtained to invest $10 million in the livestock and cattle farming sector,” Head of BKPM Franky Sibarani stated in a […]

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