Sumatra Eyes Low Cost Gold Project in Indonesia
Mineweb reported that Sumatra Copper and Gold (ASX:SUM) sees strong potential in its Indonesia-based Tembang gold project.
Articles Tagged "indonesia"
Newcrest Forecasts 400,000 Oz Gold Output from Indonesia Mine
Mining Weekly reported that Newcrest Mining (TSX:NM) expects to produce at least 400,000 oz of gold a year at its Indonesia-based Gosowong mine.
Southern Arc Updates West Lombok Project
Southern Arc Minerals (TSXV:SA,OTCQX:SOACF) announced modifications to its exploration plans at the West Lombok project.
Berkwood Deploys Indonesian Field Team to Begin Work Program on Cimandiri Gold Property
Berkwood Resources Ltd. (CVE:BKR) announced the deployment of a field team to its Cimandiri project in Indonesia to commence exploration.
Indonesia Landslide Slows Access to Freeport Mine
Forbes reported that a landslide in Indonesia has blocked a tunnel linking the Freeport copper-gold mine to a nearby village.
Gold Mining and Exploration in Indonesia
Indonesia’s total estimated gold reserves are approximately equivalent with those of the United States; however, last year Indonesia produced less than half the total of gold compared with the United States. For investors with a more risk tolerant profile, this divergence might suggest a potential for undervalued regional gold opportunities.
Indonesia Gold Mine Ambushes
Indonesian police officers have searched a car at a security check point one day after an Australian employee of U.S. mining giant Freeport was shot to death by unknown assailants in Timika, Papua province, Indonesia. For full story, click here
Indonesia’s Antam has planned $40 mln Gold Project
Indonesian state-owned miner PT Aneka Tambang Tbk declared that it plans to spend $40 million to develop the newly-acquired Cibaliung gold project in West Java. For full story, click here
Gold Price Toes The Currency Line
By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
Gold Miner Avocet Mining’s Shares rose 17 percent
Avocet Mining’s shares surged as much as 17 percent after the gold miner declared gold output was up in the fourth quarter, boosted by operational improvements at its North Lanut mine in Indonesia. For full story, click here
