Indonesia to Start on World’s Biggest Geothermal Plant

Courtesy of Reuters | Posted on The Business Spectator Indonesia will begin construction next month of its long-delayed $1.6-billion Sarulla project, the world’s biggest geothermal power plant, the country’s chief economic minister said on Wednesday. Southeast Asia’s largest economy, home to the world’s largest geothermal resources, is racing to meet power demand growth of more…

Details

Upper Tengkereng Drilling at All-Time High

Barisan Gold’s activities at the Upper Tengkereng porphyry prospect of the Barisan Copper-Gold Project in northern Sumatra are at an all-time high with two deep drill rigs operating 24 hours per day. The company has received final assay results for a hole completed earlier this year and advice from two holes that are still active.…

Details

West Lombok Discussions Continue

Courtesy of ASIA Miner News Southern Arc Minerals continues to advance discussions with a number of companies for a potential farm-in, partnership or outright sale of the West Lombok Gold, Silver and Copper Project. Since releasing the West Lombok resource estimate in July 2013 showing an inferred resource of 1.49 million ounces of gold, 1.82…

Details
Concrete

7 Infrastructure Projects to Begin

Courtesy of IndonesiaInvestments.com 7 Infrastructure Projects to Begin Before New Administration Takes Over Jakarta. At least seven infrastructure projects are expected to start construction before the current administration leaves its post a mere three months from now, according to Chairul Tanjung, the Coordinating Minister for the Economy. A majority of these projects are located outside…

Details
Production line of cars manufactured in Indonesia

Car Exports in 2014 Rising Steadily

Indonesian Automotive Industry: Car Exports in 2014 Rising Steadily Indonesian car exports may reach 310,000 vehicles in 2014, a 12.72 percentage point growth from last year (275,000 vehicles). Exports of completely built up (CBU) units are expected to number 200,000 while completely knocked down (CKD) units are estimated to reach 110,000 2 units by the…

Details
Chart with arrow upwards

Government Targets GDP Growth of 5.8% in 2015

Courtesy of IndonesiaInvestments.com The Indonesian government is optimistic that the country’s economic growth will accelerate to 5.8 percent (year-on-year) in 2015 from an expected growth pace of 5.5 percent in 2014. The key to next year’s improved gross domestic product (GDP) growth of Indonesia is the higher forecast for global economic growth. In 2015, the…

Details