[Kabar-indonesia] 15 oil/gas/mining reports: PLN Extra Capacity Delays [+NYT/Friedman; Pertamina]

JoyoNews at aol.com JoyoNews at aol.com
Wed Sep 27 00:49:17 MDT 2006


15 Reports:

- Indonesian power firm to boost
  capacity, eyes gas
- Indonesia's PLN says plan for 
  extra generating capacity by 
  2007 faces delay
- Indonesia/Pertamina Q4-Q1 
  Bontang Return Condensate 
  not awarded
- NYT by Thomas L. Friedman: 
  Petro Authoritarianism: 
  Fill 'Er Up With Dictators 
- Asia Coal - Thermal prices slide 
  to eight-month low
- Asia Crude-Indonesia sells Q4 
  Geragai at plus 1 cent
- Platts: Indonesia offers decant 
  oil and vacuum residue for Oct loading
- Platts: US court lets stand Timor Sea
  'RICO' case against ConocoPhillips
- Indonesia EMP to sell stake in 
  Lapindo for US$1.2 mln
- Indonesia's Antam to re-open its new 
  FeNi III smelter plant in mid October
- Indonesia's Apexindo secures 125 mln 
  usd loan 10-year syndicated loan
- Avocet Expects Total 1H Gold 
  Production to Fall 11%
- Lower oil price unikely to upset 
  biofuels-Oil World
- BT/Malaysia: Maxlane eyes lucrative 
  markets in Middle East, Indonesia
- Petromindo Headlines, Wed., Sept. 27 
  and Tues., Sept. 26, 2006

Indonesian power firm to boost capacity, eyes gas

JAKARTA, September 26 (Reuters) - Indonesian state electricity firm 
PT Perusahaan Listrik Negara (PLN) is seeking more natural gas as 
it plans to raise the capacity of its Jakarta power plants to meet
growing demand, a senior company official said on Tuesday.

PLN, the power monopoly, has the capacity to produce 21,700 
megawatts (MW) of electricity in Indonesia, but ageing plants mean 
actual generation is lower.

PLN plans to increase the capacity of two of its gas-fired plants,
Muara Karang and Tanjung Priok, by 720 MW each.

Muara Karang has a capacity of around 750 MW while Tanjung Priok has a
capacity of 1,000 MW. Both plants receive natural gas supply from BP's
gas field off the West Java coast.

"PLN will increase the capacity of Muara Karang and Tanjung Priok. But
there is no gas supply so far for those projects," PLN president
director Eddie Widiono said in statement to a parliamentary
commission.

Indonesia's annual power demand is estimated to be growing at around
10 percent a year, one of the most robust power markets in Southeast
Asia.

Asia' Pacific's sole OPEC member is trying to phase out expensive
oil-fired power generation and use more cleaner gas. But it faces
limited supplies due to long-term LNG export contracts, which it is
reviewing, and so is seeking faster development of its gas reserves.

-------------------------------------------------------------

Indonesia's PLN says plan for extra generating capacity by 2007 faces delay

JAKARTA, September 26 (XFN-ASIA) - PT Perusahaan Listrik Negara's
(PLN) says its plan to beef up generating capacity at its Muara Karang
and Tanjung Priok power plants could be delayed beyond 2007 because of
lengthy holdups in forging a gas supply contract, the company's
president Eddi Widiono said.

"The re-powering (increasing generation capacity) of Muara Karang and
Tanjung Priok power plants is pending the gas supply contract,"
Widiono told reporters.

PLN had previously indicated it planned to beef up the capacity of
both plants in 2007 in order to prevent possible future electricity
shortages in the greater Jakarta and West Java areas.

But Widiono said PLN has yet to secure a gas supply contract so the
bidding process for the plant expansion cannot yet be done.

He did not indicate when he expected PLN to have forged a gas deal.

The project is being financed by the Japan Bank for International
Cooperation (JBIC) but JBIC requires PLN to have signed a gas supply
contract before it will release the funds for the project.

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Indonesia Q4-Q1 Bontang Return Condensate not awarded

SINGAPORE, September 26 (Reuters) - Indonesia's Pertamina did not
award its tender to sell between 230,000 and 250,000 barrels a month
of Bontang Return Condensate (BRC) for loading from October to March
2007, a source close to the discussions said on Tuesday.

Offers were made at a discount to the grade's official selling price
(OSP), and state oil company Pertamina, by law, cannot sell below the
grade's official selling price (OSP), the source said.

Oil and gas regulator BPMIGAS held a similar tender last month for
some 240,000 barrels per month of BRC for September to February to
European major BP at a premium of 10-15 cents a barrel to the grade's
Indonesia Crude Price (ICP).

It was not yet clear if the new tender meant a doubling of the
condensate output.

BRC's production has been increasing over the past few months in line
with higher gas output, and BPMIGAS offered at least two cargoes
through spot tenders over the past three months.

But the grade is difficult to run and has been fetching lower
differentials over the past few months.

"Nobody wants the grade now," a Singapore-based trader said.

----------------------------------

The New York Times
Wednesday, September 27, 2006

Op-Ed Columnist

Fill 'Er Up With Dictators 

By THOMAS L. FRIEDMAN

Are you having fun yet?

What's a matter? No sense of humor? You didn't enjoy watching Venezuelan 
President Hugo Chávez addressing the U.N. General Assembly and saying of President 
Bush: "The devil came here yesterday, right here. It smells of sulfur still 
today." Many U.N. delegates roared with laughter.

Oh well then, you must have enjoyed watching Iran's President Mahmoud 
Ahmadinejad breezing through New York City, lecturing everyone from the U.N. to the 
Council on Foreign Relations on the evils of American power and how the 
Holocaust was just a myth.

C'mon then, you had to at least have gotten a chuckle out of China's U.N. 
ambassador, Wang Guangya, trying to block a U.N. resolution calling for the 
deployment of peacekeeping troops to Sudan to halt the genocide in Darfur. I'm sure 
it had nothing to do with the fact that the China National Petroleum 
Corporation owns 40 percent of the Sudan consortium that pumps over 300,000 barrels of 
oil a day from Sudanese wells.

No? You're not having fun? Well, you'd better start seeing the humor in all 
this, because what all these stories have in common is today's most infectious 
geopolitical disease: petro-authoritarianism.

Yes, we thought that the fall of the Berlin Wall was going to unleash an 
unstoppable wave of free markets and free people, and it did for about a decade, 
when oil prices were low. But as oil has moved to $60 to $70 a barrel, it has 
fostered a counterwave - a wave of authoritarian leaders who are not only able 
to ensconce themselves in power because of huge oil profits but also to use 
their oil wealth to poison the global system - to get it to look the other way 
at genocide, or ignore an Iranian leader who says from one side of his mouth 
that the Holocaust is a myth and from the other that Iran would never dream of 
developing nuclear weapons, or to indulge a buffoon like Chávez, who uses 
Venezuela's oil riches to try to sway democratic elections in Latin America and 
promote an economic populism that will eventually lead his country into a ditch.

For a lot of reasons - some cyclical, some technical and some having to do 
with the emergence of alternative fuels and conservation - the price of crude 
oil has fallen lately to around $60 a barrel. Yes, in the long run, we want the 
global price of oil to go down. But we don't want the price of gasoline to go 
down in America just when $3 a gallon has started to stimulate large 
investments in alternative energies. That is exactly what OPEC wants - let the price 
fall for a while, kill the alternatives, and then bring it up again.

For now, we still need to make sure, either with a gasoline tax or a tariff 
on imported oil, that we keep the price at the pump at $3 or more - to 
stimulate various alternative energy programs, more conservation and a structural 
shift by car buyers and makers to more fuel-efficient vehicles.

"If Bush were the leader he claims to be, he would impose an import fee right 
now to keep gasoline prices high, and reduce the tax rate on Social Security 
for low-income workers, so they would get an offsetting increase in income," 
argued Philip Verleger Jr., the veteran energy economist.

That is how we can permanently break our oil addiction, and OPEC, and free 
ourselves from having to listen to these petro-authoritarians, who are all so 
smug - not because they are educating their people or building competitive 
modern economies, but because they happen to sit on oil.

According to Bloomberg.com, in 2005 Iran earned $44.6 billion from crude oil 
exports, its main source of income. In the same year, the mullahs spent $25 
billion on subsidies to buy off the population. Bring the price of oil down to 
$30 and guess what happens: All of Iran's income goes to subsidies. That would 
put a terrible strain on Ahmadinejad, who would have to reach out to the world 
for investment. Trust me, at $30 a barrel, the Holocaust isn't a myth anymore.

But right now, Chávez, Ahmadinejad and all their petrolist pals think we are 
weak and will never bite the bullet. They have our number. They know that Mr. 
Bush is a phony - that he always presents himself as this guy ready to make 
the "tough" calls, but in reality he has not asked his party, the Congress, the 
people, or U.S. industry to do one single hard thing to reduce our dependence 
on foreign oil.

Mr. Bush prattles on about spreading democracy and freedom, but history will 
actually remember the Bush years as the moment when petro-authoritarianism - 
not freedom and democracy - spread like a wildfire and he did nothing serious 
to stop it. 

---------------------------------

Asia Coal - Thermal prices slide to eight-month low

SINGAPORE, Sept 26 (Reuters) - Spot Australian thermal coal prices fell for a 
seventh consecutive week as Indonesia ramps up thermal coal exports and 
global demand cools at the end of the northern summer season, analysts said on 
Tuesday.

Thermal coal prices, used for power generation, fell 1.7 percent or 80 cents 
from last week to $45.58 per tonne, the globalCOAL NEWC index showed, based on 
free-on-board (FOB) prices loaded at Australia's Newcastle port.

Prices have slumped from the July peak of $52.76 and are now trading at its 
lowest level since January.

"The most powerful reason behind the falling prices is the surge in 
Indonesian thermal coal exports," said Gerard McCloskey, a coal expert from McCloskey 
Coal.

"We are expecting them to add about 25 million tonnes of thermal coal this 
year, and this additional supply is coming into the market at a time when demand 
is fairly flat."

Along with waning demand as summer comes to an end, thermal prices have come 
under pressure as Australian producers sell surplus coal in the spot market 
after concluding annual term negotiations with Japanese utilities.

But analysts expect thermal coal prices to bounce back in November, ahead of 
winter as chilly weather in Europe and United States leads people to turn up 
electric heaters.

The world's biggest coal export terminal shipped out about 1.049 million 
tonnes over the week, about half as much as the week before due to a two-day 
planned maintenance at the railway network, data from Newcastle Port Corporation 
(NPC) showed.

Queues at the port, which now has 36 ships waiting to load about 3.296 
million tonnes of coal, are expected to swell further in coming weeks as demand from 
major coal-importing countries such as Japan and South Korea picks up.

Australia is the world's second-biggest exporter of thermal coal after 
Indonesia, shipping 108 million tonnes in 2005, largely from Hunter Valley mines 
operated by global giants Rio Tinto <RIO.AX>, Xstrata <XTA.L> and BHP Billiton 
<BHP.AX>.

On Monday, Australia raised its thermal coal export forecast to 185.3 million 
tonnes in fiscal 2006/2007, up about 5.8 percent from a year earlier amid new 
mining and port projects. 

----------------------------------

Asia Crude-Indonesia sells Q4 Geragai at plus 1 cent

SINGAPORE, September 26 (Reuters) - Indonesia's oil and gas regulator
BPMIGAS has awarded a tender to sell 200,000 barrels a month of
Geragai condensate during the fourth quarter of this year to a South
Korean refiner, traders said on Tuesday.

The tender was awarded at a 1-cent premium to the grade's official
selling price (OSP), one trader said.

The deal had yet to be confirmed.

Traders said it was the first time BPMIGAS had offered Geragai through
a quarterly tender.

Its partners in the North Geragai field, China's PetroChina and
Malaysia's Petronas, sell their stake through term contracts and
sometimes on the spot market.

-------------------------------------------------------------------

Platts Commodity News
September 26, 2006

Indonesia offers decant oil and vacuum residue for Oct loading

Indonesia's Pertamina has issued a tender offering 200,000 barrels of
decant oil and 80,000 barrels of vacuum residue for late October
loading, industry sources said Tuesday.

Pertamina is offering a cargo of decant oil with maximum 0.25% sulfur
for loading FOB Balongan October 28-30. Bids need to be based on
Pertamina's price formula for decant oil.

The state-owned company is also offering a cargo of vacuum residue
with maximum 0.35% sulfur for loading FOB Plaju October 20-22 and bids
are sought at a differential to the Pertamina price forumla for vacuum
residue.

The Pertamina price formula for both products is Mean of Platts
Singapore 180 CST high sulfur fuel oil assessments over five days
centered on the bill of loading date.

Decant oil and vacuum residue are typically used as cutter stock to
blend down high viscosity or high sulfur fuel oil. --Calvin Lee,
calvin_lee at platts.com

-------------------------------------------------------------------

Platts Commodity News
September 26, 2006

US court lets stand Timor Sea 'RICO' case against ConocoPhillips

A federal district judge in Washington, D.C., has dismissed the Timor
Sea Designated Authority as a defendant in Oceanic Exploration's $10.5
billion damages lawsuit over the loss of what now includes the Bayu
Undan development in what an area formerly controlled by Indonesia.

But Judge Emmet Sullivan, in a ruling last week, refused to dismiss
Denver-based Oceanic's racketeering, antitrust and "intential
interferrence" claims against ConocoPhillips, which Oceanic alleges
used years of bribery in Indonesia and East Timor to thwart Oceanic's
Portugese-era concession claim.

As a government entity, the TSDA is exempt from Oceanic's claims under
the so-called "act of state" doctrine, Sullivan ruled. He also
dismissed on technical grounds a raft of ConocoPhillips subsidiaries
as defendants.

But Sullivan left standing tiny Oceanic's claim under the Racketeer
Influenced Corrupt Organization (RICO) rules, which alleges persistent
bribery efforts by ConocoPhillips made it "futile" for Oceanic to try
to hang on to its 1974 Timor Sea concession, which was auctioned off
in 1991 after Indonesia invaded and annexed the former Portuguese
enclave of East Timor.

In a securities filing Monday, Oceanic said it expects ConocoPhillips
will continue to deny the allegations and "vigorously defend against
Oceanic's claims."

ConocoPhillips had no comment on the ruling.

---------------------------------------------------------------------

Indonesia EMP to sell stake in Lapindo for US$1.2 mln

JAKARTA, September 26 (Asia Pulse/Antara) - PT Energi Mega Persada
(EMP)(JSX:ENRG) has agreed to sell its stake in Lapindo Brantas, which
was at the center of a mudflow disaster in Sidoarjo, East Java, for
S$2 million (US$1.2 million).

EMP has stake in Lapindo through subsidiaries Kalila Energy Limited
and Pan Asia Enterprise Limited.

The stake will be sold to a subsidiary of the Bakrie Group, Lyte Ltd,
which is to be renamed Bakrie Oil and Gas.

Earlier it was reported Lyte has agreed to take over the
responsibility for the disaster caused by the mudflow which has
inundated a number of villages in the regency of Sidoarjo, forcing
thousands of people to flee that area.

-------------------------------------------------------------------

Indonesia's Antam to re-open its new FeNi III smelter plant in mid October

JAKARTA, September 26 (XFN-ASIA) - State nickel and gold miner PT
Aneka Tambang plans to re-open its new FeNi III smelter plant in mid
October after a temporary shut down, company director Alwin Syah Lubis
said in a letter to the Jakarta Stock Exchange.

The company closed the smelter in July after contractors building the
new facility, reported a fault.

Lubis added that because of the shutdown, the firm is now aiming for
nickel output this year of 13,000-16,000 tons, below its initial
target of 19, 000 tons.

------------------------------------------------------------------

Indonesia's Apexindo secures 125 mln usd loan 10-year syndicated loan

JAKARTA, September 26 (XFN-ASIA) - Rig operator PT Apexindo Pratama
Duta said it has secured a 125 mln usd 10-year syndicated loan which
it will use to build a new jack-up rig. Apexindo said in a statement
that the loan carries an interest rate of LIBOR plus 2.15 pct on the
portion to be amortized.

It added that a fixed interest rate of 10.5 pct will be charged on the
portion of the loan that will be settled at maturity. The statement
did not specify the amounts for each portion. Apexindo is a 53
pct-owned unit of oil and gas firm PT Medco Energi Internasional.

Finance director Agustinus Lomboan said the rig has already secured
three contracts worth 170 mln usd from Total E&P Indonesie, and
Apexindo will have enough cash flow to repay the debt ahead of
schedule.

Syndication is being led by Natexis Banques Populaires as loan agent,
security trustee and book-runner, with Goldman Sachs LLC, PMA
Investment Advisors and Standard Chartered as joint lead arrangers.

------------------------------------------------------

Avocet Expects Total 1H Gold Production to Fall 11%

Edited Press Release

LONDON, September 26 (Dow Jones)--Avocet Mining PLC ("Avocet" or "the
Company"), the Central and South East Asian gold production and
exploration company, Tuesday announced that total gold production is
anticipated to decrease temporarily by approximately 11% to 92,000
ounces for the first half of the year, but is expected to recover to
previous levels next year.

The company said that for the same period average cash costs are
estimated to be US$439/oz, an increase of over 50% on same period last
year.

It expects average realised price to be US$580/oz, an increase of 44%
over the same period last year and gross margin to be 18% compared to
20% for the previous year.

In Malaysia, gold production at the Penjom mine is expected to be
approximately 50,000 ounces for the first half year. This will be a
17% decrease on the same period last year.

As reported on Nov. 16, 2005, Penjom has seen a significant increase
in its reserves by 199,100 ounces.

This has resulted in the design of a much larger pit which has
necessitated substantial waste stripping in the short term. This has
resulted in a temporary increase in the waste-to-ore stripping ratio.

During this period the mine has had to rely on lower grade stockpiles
for gold production which has, in turn, resulted in a lower amount of
gold being produced during the period.

These factors, together with significantly higher consumable prices,
have temporarily pushed unit production costs up to approximately
US$380/oz.

Production next year should be maintained at an annual rate of at
least 100,000 ounces per annum and cash costs will reduce owing to the
reduction of the waste-to-ore stripping ratio as the mine deepens to
access higher grade ore and replaces the smaller contractor-operated
trucks with a new fleet of larger owner-operator trucks.

Additionally, the remaining gold in stockpiles has been re-valued in
line with the Company's gold put option position of US$450/oz. This
has added approximately US$4 million to pre-tax profit.

The company said that exploration continues in and around Penjom with
drilling results being encountered that should continue to add to the
resources and further extend the life of the mine.

These results will be announced shortly.

In Indonesia, unseasonal rainfall at the North Lanut operation has
required the mine to conduct some re-engineering of the waste dumps
and storm water ponds for the dump leach.

The Company has also brought forward the decision to hire articulated
dump trucks for ore and waste haulage. This has coincided with the
cancellation of government-funded fuel subsidies, which has resulted
in significantly increased diesel prices.

These factors have translated into a higher production cost of over
US$320/oz compared to US$191/oz for the previous year. In spite of
these challenges, the mining team has maintained gold production at
the forecast rate of approximately 50,000 ounces per annum.

At Bakan, located close to North Lanut, the company continues to drill
the Durian and Osela deposits.

It said, "This drilling should allow us to bring the recently
announced inferred resource of 533,000 ounces up to the measured and
indicated category so that feasibility work can commence at the start
of next year."

It added, "Our exploration program at South Sulawesi has produced some
significant trenching results which were announced on Aug. 30 and we
expect further ongoing trenching results to be announced later this
year."

Drilling has recommenced at the Idenburg property in West Papua where
the company is exploring for a high-grade gold resource through scout
drilling of areas of known gold mineralisation, including the Sua
area, which was drilled last year.

The company is also in negotiations over a number of additional
prospects in Indonesia.

In Tajikistan, a number of management changes have recently been made
at ZGC in Tajikistan to improve day to day operations at the mine.

These changes, together with changes to operational practices, have
been necessitated in order to efficiently continue planned stripping
of waste from the high wall of the Jilau Pit which has been delayed.

This in turn has had an adverse effect on the increase in gold
production that we had forecast at the beginning of the year. The mine
has continued to operate on the processing of stockpiled material and
lower grade material mined on the periphery of the main orebody at the
Jilau Pit. Production for the first half year was on a similar level
to last year at approximately 18,000 ounces, but production costs have
escalated to over US$700/oz. The new management team is now
implementing a series of changes to improve operational efficiencies
and is undertaking a strategic review of the operation. This will be
completed by mid November.

In China, the Company has spent just over US$1 million on its earn-in
to the Hatu project and is awaiting the drilling results from a recent
programme, which we intend to announce in December.

This should allow a revised resource to be announced by April 2007.
Metallurgical testwork will commence at the Company's laboratory in
Penjom by November 2006.

The Board is aware of market consensus for full year profits and does
not expect, at current gold prices, that these expectations will be
met.

Going forward the Company believes that gold production from its three
mines should increase. Costs should reduce as factors we are
encountering this year, such as the high waste strip at Penjom and the
upgrades due to high rainfall at North Lanut, are completed.

Provided the ongoing strategic review at ZGC is positive the Company
still forecasts a significant increase in gold production in the
medium term.

With the potential to bring a fourth mine into production, at Bakan in
Indonesia, by the end of 2008, the directors of the Company continue
to have a positive outlook for the future.

--------------------------------------------------------

Lower oil price unikely to upset biofuels-Oil World

AMSTERDAM, September 26 (Reuters) - The recent drop in crude oil
prices is a temporary setback for biofuels but will not stop the
sector's rapid expansion worldwide, oilseeds analyst Oil World said on
Tuesday.

"No doubt, their (vegetable oils) profitable use as energy source has
been diminished by the setback in crudemineral oil prices during the
last two months," the Hamburg-based newsletter said in a weekly
report.

"Still, the uptrend of the global biodiesel industry is unbroken,
partly also thanks to generous government support and the obligatory
blending to petroleum diesel."

Oil World estimates the global usage of vegetable oils and fats to
produce biodiesel and electricity at about 13 million tonnes in
Oct'06/Sept'07, up from around 9 million in 2005/06.

"New biodiesel production facilities are currently produced at an
alarming rate," it said, predicting a rise in world biodiesel
production capacities to 20 million tonnes at end-2007, up sharply
from 6.3 million at end-2005.

>From 2007 onward the increasing biodiesel production in Malaysia,
Indonesia, Argentina, Brazil and the United States will raise domestic
consumption and curb the growth in exports of palm and soybean oil,
Oil World said.

---------------------------------------

Business Times (Malaysia)
Wednesday, September 27, 2006

Maxlane eyes lucrative markets in Middle East, Indonesia

By Hamisah Hamid

MAXLANE Sdn Bhd, a power-related equipment manufacturer, is planning to 
spread its wings to lucrative markets abroad.

Managing director Shakir Husein Kalid said the company has plans to expand 
its operations into Indonesia and the Middle East.

Maxlane plans to open a manufacturing facility in Indonesia within the next 
two to three years, while a joint-venture factory may be established in one of 
the Gulf Cooperation Countries (GCC) members in four years' time.

"We allocate 20 per cent of our annual net profit for our expansion programme 
and marketing," Shakir said in an interview with Business Times in Kuala 
Lumpur.

Maxlane, established in 1997, manufactures products under licence as well as 
its own products.

Shakir and his wife had established Shamawar Sdn Bhd in 1994 as a trading 
company that distributes licensed products and Maxlane's products.

He said last year, Maxlane met its turnover target when it registered 150 per 
cent growth in revenue.

"This year, we expect 200 per cent growth in revenue as we are developing our 
own brand," he said.

Maxlane's 6,000 sq ft factory, located at the BPIMB manufacturing complex at 
Sunway Damansara, Selangor, manufactures among others, load break switches, 
neutral earth switches, photo electronic control units, remote cable spikers, 
earthing equipment and street lighting ignitors.

Shakir said the company is prompted by strong demand from Indonesia to have 
its own manufacturing facility there.

"We also want to develop the Middle East market," he said, adding that having 
a production facility in one of the GCC countries with local participation 
would allow Maxlane to get tariff exemption of 30 per cent.

The GCC groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the 
United Arab Emirates.

-----------------------------------------

Petromindo Headlines, 
Wed., Sept. 27 and
Tues., Sept. 26, 2006

Oil/Gas: 

Wednesday, September 26, 2006: 
 
- Govt and Exxon to renegotiate contract on 
  Natuna gas field
- President will soon decide on Lapindo mud
- Total eager to open retail fuel 
  stations in Indonesia
- Apexindo gets loan to finance oil rig
 
Tuesday, September 26, 2006: 
 
- Santos starts drilling Wortel-2 appraisal well
- Medco to plug and abandon Konang-3 well
- Govt studies reduction of Pertamina's margin 
  on subsidized fuel
- Energi Mega sells stake in Lapindo for $2
- METI to extend coal liquefaction technology 
  to Indonesia
 
Mining: 

Wednesday, September 27, 2006: 
 
- Release: Indo Mines: Measured - Indicated resource - 
  JORC compliant: Ironsands - Pig Iron Project, Yogyakarta
- Smelter closed down by force in Bangka Island
 
Tuesday, September 26, 2006: 
 
- Avocet reports update from Indonesian mining activities
- BDI Mining recovers 3.02 carat blue diamond at Cempaka
- Spain to finance coal railway project in S. Sumatra
- METI to extend coal liquefaction technology to Indonesia
 
Power: 

[no Wed. headlines at this time]

Tuesday, September 26, 2006: 

- PLN still unable to get gas supplies for repowering projects
- Legislators blast PLN over 10,000 MW power tender
 
------------------------------------------
Joyo Indonesia News Service
------------------------------------------ 




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