Tutung Alpha-3 Drilling Scheduled for Completion This Quarter

Indonesia News. LONDON, Indonesia Today – Drilling at Tutung Alpha-3 appraisal well on Bontang PSC, East Kalimantan is scheduled for completion by Q2 2012, Salamander Energy Plc claimed.

The well is currently being drilled on its Tutung gas condensate discovery. The MB Century Rig 28 Century is expected to complete the drilling during the second quarter of 2012.

Tutung Alpha-3 Drilling Scheduled for Completion This Quarter 

PT Borneo Lumbung Energi & Metal Tbk, Global Bond

Indonesia News. JAKARTA, Indonesia Today - Coking coal producer PT Borneo Lumbung Energi & Metal Tbk (BORN), a company controlled by Samin Tan, is studying to issue global bond worth US$500 million for refinancing debt to Standard Chartered, Investor Daily reported this morning.


Borneo Lumbung Mulls Global Bond $500 Million 

PGN Appoints RINA Group for Lampung FSRU

Indonesia News. GENOA, Indonesia Today - PT PGAS Solution, a subsidiary of state-owned gas transmission company PT Perusahaan Gas Negara Tbk (PGAS), has appointed Italy-based RINA Group to support the commissioning for a new floating LNG FSRU terminal in Lampung, Sumatra.


PGN Appoints RINA Group for Lampung FSRU 

Hambalang Graft Case

Indonesia News. JAKARTA, Indonesia Today – The Corruption Eradication Commission (KPK) files an overseas travel ban to Immigration Directorate General against Mahfud Suroso, director of PT Dutasari Citralaras, related to the Hambalang project graft case.


Overseas Travel Ban Imposed on Dutasari Director in Hambalang Graft Case 

Newcastle Port Coal Shipment

Indonesia News. PERTH, Indonesia Today - Newcastle Port Corporation slashed its coal shipment for the week ended 21 May 2012 by 55% to 1.35 million tons compared to the previous week.

Following the shipment, the port has shipped 6.9 million tons of coal for May 2012, still away from whis month’s target of 10.87 million tons.

Newcastle Port Coal Shipment Drops 55% 

Demokrat Leaders Try Again to Blow Up First Lady’s Presidential Candidacy

Indonesia News. JAKARTA, Indonesia Today – Several leaders of President SBY’s Demokrat Party are again trying to blow up a presidential candidacy of First Lady Ani Yudhoyono in the 2014 election.

“Several leaders personally speak up and stated that Ibu Ani (Yudhoyono) is worth to be nominated as president candidate,” Demokrat head of Communication and Information department Andi Nurpati confirmed to Detik.com today (May 22).

Andi said that First Lady has been repeatedly saying she does not want to run for President in 2014 Election. But, according Andi, all possibilities are still there.

Demokrat Leaders Try Again to Blow Up First Lady’s Presidential Candidacy 

Metrodata Electronics Rights Issue

Indonesia News. JAKARTA, Indonesia Today - Electronics and ICT products retailer PT Metrodata Electronics Tbk (MTDL) announces on prospectus today it plans to issue 1.347 billion new shares through pre-emptive rights scheme.


Metrodata to Raise Rp155 Billion from Rights Issue 

G-Resources Martabe Gold Project

Indonesia News. HONG KONG, Indonesia Today - The Martabe Gold Project, North Sumatera is positively on schedule for first gold production in July 2012, G-Resources Ltd confirms.


Martabe Gold Project on Schedule, G-Resources Says 

PLN Rural Electricity Program

Indonesia News. JAKARTA, Indonesia Today - State-utility PT PLN will spend Rp2.54 trillion of fund allocated from State-Budget (APBN) this year to support rural electricity program, lower than last year,Bisnis Indonesia reported.


PLN to Spend Rp2.54 Trillion for Rural Electricity Program 

Arc Exploration Anglo American

SYDNEY, Indonesia Today - Arc Exploration Limited (ARX), a company controlled by George Tahija's Austindo Group, has entered into an agreement with Anglo American in Indonesia to provide geological evaluation and exploration services.
Arc Exploration Broadens Relationship with Anglo American in Indonesia