Articles related to Indonesia
 
Chris Powell - GATA
China gold firms pursue $1.5 billion Indonesia mine
Shandong Gold Group, one of the biggest Chinese miners of the metal, is among firms considering bids for EMR Capital's Indonesian gold and silver mine, people with knowledge of the matter said. China Gold International Resources Corp. is also exploring a possible bid for the Martabe mine in North Sumatra province, according to the people, who asked not to be identified because the details are private. EMR Capital, a resources-focused private equity firm, is weighing options including a sale of t
Wednesday, September 13, 2017
Chris Powell - GATA
China sees new world order with its own oil benchmark backed by gold
By Damon Evans Nikkei Asian Review, Tokyo Friday, September 1, 2017 https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... DENPASAR, Indonesia -- China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in re
Tuesday, September 5, 2017
Chris Powell - GATA
Freeport makes compromise to end years of wrangling over Indonesian mining rights
JAKARTA, Indonesia -- Indonesia has reached a deal to let Freeport-McMoRan Inc. keep operating its giant Grasberg copper mine, after the U.S. company agreed to sell a majority stake to the government following years of wrangling. Freeport said today it had made a "major concession and compromise" in agreeing to sell a 51 percent stake and to build a second smelter in Indonesia. The company said the deal would be structured in a way that Freeport would retain control over the operations and gover
Wednesday, August 30, 2017
Mish - Global Economic Analysis
India Bans Gold Exports “Without a Valid Reason”
In addition to its crackdown on cash, India stepped up its attack on gold. The aim is to cut down on gold imports. India does that in a roundabout way, by cracking down on exports. Bloomberg reports India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes. India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade. The Directorate General of Foreign Trade issued a notice li
Wednesday, August 16, 2017
24hgold
announces expected non-cash impairment

Tuesday, August 15, 2017
Mark O'Byrne - gold.ie
Great Disaster Looms as Technology Disrupts White Collar Workers
– Every era, every century, every generation has its massive technological disruption – Taxi drivers being “disrupted” by technology of Uber – History shows how “middle men” frequently made redundant – Skill set of many professionals today can be replicated by machines and technology – Technology may make lawyers, accountants, architects and doctors redundant – We risk “cannabalising ourselves” with internet and emerging technologies Jean-Luc Picard “assimilated” by the Borg in Star Trek Looking
Thursday, August 10, 2017
Alasdair Macleod - Finance and Eco.
Follow the money
Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete financial collapse, before the Fed saved the system once again.Systemic collapse continued to be on the cards, with European banks at risk of bankruptcy. We still talk about this today. More walls of worry to climb.The global economy has not imploded, as the bears have consistently warned. Systemic and other dangers still exist. The bears now point to excessive v
Thursday, August 3, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 7
This Insight is the tenth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the second chapter of Section II.View the Entire Research Piece as a PDF here.Stagnation, Stagflation, and the Rise of 'Darth' Volcker“When I look at the past
Wednesday, August 2, 2017
Nathan Lewis - New World Economics
Devaluations of the 1930s Don't Justify Today's Funny Money Excess
Without question, the Great Depression was a time when the political consensus moved from a Classical “hard money” approach towards a Mercantilist “soft money” approach — leading, ultimately, to today’s “print until the pain goes away” reaction. Actually, this trend had started in the later 19th century, and was not fully expressed until the 1970s – an evolution stretching over a hundred years or more. But, the experience of the Great Depression period of the 1930s st
Wednesday, July 19, 2017
Alasdair Macleod - Finance and Eco.
Safety in banking
There was a time when banks acted as custodians of their customers’ money. Indeed, keeping a person’s money and using it as if it belonged to you without their agreement is fraud in common law. A banking license legally exempts banks from charges of criminality in pursuing the normal course of fractional reserve banking business, by making it clear that you, the customer, agree to being a creditor of the bank instead of the bank acting as custodian for your money.Modern banking has its roots in
Friday, June 2, 2017
Michael Pento - Delta Global Advisors
China’s Belt And Road To Nowhere
Moody’s Investors Service downgraded China’s credit rating recently to A1 from Aa3. The rational being that it expects the financial strength of the economy to erode, as GDP growth slows and debt levels continue to pile up. What is Beijing’s response to the slowing economy and intractable debt accumulation that was just underscored by Moody’s: issue a mountain of new debt in order to pave over 60 countries around the globe? China’s One Belt One Road (OBOR) Initiative seeks to answer the age-old
Wednesday, May 31, 2017
Graham Mehl
Ransomware Part Two Spreads
Governments and companies around the world began to gain the upper hand against the first wave of the unrivaled global cyberattack this morning. More than 200,000 computers in at least 150 countries have so far been infected, according to Europol, the European Union’s law enforcement agency. The U.K.’s National Cyber Security Centre said new cases of so-called ransomware are possible “at a significant scale.” “For now, it does not look like the number of infected computers is increasing,” said
Tuesday, May 16, 2017
Mark O'Byrne - gold.ie
Gold Coins, Bars In Demand – +9 In Q1, 2017
Gold Coins and Bars Demand Rises 9% In Q1, 2017 – Global gold demand in Q1 2017 was 1,034.5t – Total demand -18% from record high levels in Q1, 2016 – Demand for coins and bars up 9% yoy to 290 t – UK demand for coins, bars at highest since Q2 2013 – ETF inflows fell by 2/3, account for overall -18% fall in demand – European uncertainty brings gold investors to market – Innovation continues to drive gold demand in China – Peak Gold: Mine production likely to drop Global gold demand driven by cl
Monday, May 8, 2017
James Howard Kunstler
The Sound of One Wing Flapping
And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin Diesel video library. France appears resigned to Hollandaise Lite in the refreshing form of boy wonder Macron. It’s been weeks since The New York Times complained about the Russians stealing Hillary’s turn as leader of the free world. We’re
Monday, May 1, 2017
Mac Slavo - ShtfPlan
This Trend is Truly Unstoppable: “Current Shortages Dwarf Anything The World Has Ever Seen”
This article is a paid advertorial from Wealth Research Group. Severe Supply Deficit in This Strategic Metal Could Yield Investors a Fortune! According to the UN, 2007 marked the year where the majority of Earth’s population lived in urban areas, rather than rural ones.  Over the next decade, the world is expected to add a billion people.  By 2030, this planet will have a population of 8.5 billion, with 59% living in urbanized areas. Technology and innovation will certainly be at the forefron
Monday, May 1, 2017
Alasdair Macleod - Finance and Eco.
America’s financial war strategy
AbstractAmerica’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its final phase. China’s exit plan appears to be to tie the pricing of energy and then other major commodities to gold, returning to th
Thursday, April 20, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Rebounds Above $1250
USAGOLD/Peter A. Grant/04-03-17 Gold has rebounded to trade back above the $1250 level, helped by ongoing concerns about the underlying health of the U.S. economy and the resulting risk aversion. Political uncertainty, both in the U.S. and Europe, along with rising geopolitical tensions are contributing factors as well. We made note of this in this morning’s Snapshot, but a Zerohedge article has a nice chart from Bloomberg that shows the total return performance of major global financial assets
Tuesday, April 4, 2017
Phoenix Capital - Gains Pains & Capital
France Suffers Week Of Terror As Poll Shows Majority Of French No Longer Feel Secure
Via Disobedient Media France has been rocked by a series of terror attacks occurring just days apart as a new poll shows that increasing numbers of French citizens no longer feel safe anywhere in their own country. The attacks come after France's Foreign Minister Jean-Marc Ayrault claimed there was "no connection" between Islam and terrorism while on a state visit to Indonesia. On March 16th, 2017 an envelope bomb sent to the offices of the International Monetary Fund (IMF) in Paris exploded aft
Tuesday, March 21, 2017
Mac Slavo - ShtfPlan
Real or Fake: Obama’s Brother Just Tweeted An Image Of The Former President’s Kenyan Birth Certificate
The brother of former President Barack Obama, a vocal supporter of President Trump, has tweeted an image purportedly showing the President’s original Kenyan birth certificate. Malik Obama, who supported his brother in 2008 but backed Trump in the 2016 election, sent out a series of Tweets suggesting his disdain for his brother, while also including a scanned image of a birth certificate bearing the President’s name, the names of his parents, and his self-admitted birth date on a document from th
Saturday, March 11, 2017
Chris Powell - GATA
Showdown in Indonesia brings world's biggest gold mine to standstill
JAKARTA, Indonesia -- The American mining company Freeport-McMoRan has brought the world's biggest gold mine, in the Indonesian province of West Papua, to a standstill. The corporation is butting heads with the Indonesian government over protectionist mining regulations. And now that Freeport has started to dismiss tens of thousands of workers, the local economy is poised to take a huge hit. In Mimika Regency, the West Papua province containing the Grasberg gold mine, 91 percent of the Gross Dom
Wednesday, March 1, 2017
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