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Business 29 Sep 2011 | 12:00 AM Premium

China firm’s plan to buy Aussie coal mine causes concern

SYDNEY: Western Australia's Premier Colin Barnett has raised concerns about foreign ownership in his resource-rich state after it was revealed a Chinese firm intends to buy a crucial coal mine.

Business 08 Nov 2011 | 12:00 AM Premium

Indonesia GDP up 6.5%

JAKARTA: Indonesia posted steady growth of 6.5% in the third quarter on buoyant domestic spending and private investment, and it showed few signs of slowing despite a weakening global economy.

World 13 Nov 2011 | 12:00 AM Premium

Borneo mines lure Rothschild into the wild

JAKARTA/LONDON (Reuters)- It was supposed to be a union of two legendary business dynasties, one West, one East. Nathaniel Philip Rothshild, the 40-year-old scion of the storied European banking family, forged a deal a year ago with the Bakrie brothers, one of Indonesia's mightiest business families, to create an international coal-mining titan.

World 03 Feb 2012 | 12:00 AM Premium

Coal mines shut as Australia evacuates flooded towns

SYDNEY (Reuters) - Heavy rains shut four coal mines in eastern Australia on Friday as military helicopters evacuated stranded residents from inundated towns, and authorities warned of further flash flooding.

Business 29 Feb 2012 | 12:00 AM Premium

Overcapacity, falling rates hit Maybulk Q4 net profit

KUALA LUMPUR: Malaysian Bulk Carriers Bhd’s (Maybulk) net profit for the fourth quarter ended Dec 31, 2011 slumped 75.6% to RM16.4mil against the previous corresponding quarter.

World 09 Mar 2012 | 12:00 AM Premium

Indonesia stands ground with foreign miners

JAKARTA (Reuters) - Indonesia's government offered a clearer view on Friday of a new regulation that limits foreign ownership in mines to no more than 49 percent, saying the rule applies to existing as well as new contracts.

Business 10 Mar 2012 | 12:00 AM Premium

Aussie miners play down Indonesia law impact

MELBOURNE: Australian miners are playing down the impact of a new law in Indonesia limiting foreign ownership in mines to no more than 49%, even after a senior Indonesian official said the law would apply to all foreign miners.

Business 28 Mar 2012 | 12:00 AM Premium

Bumi seeks to end row with board shake-up

LONDON: Indonesian coal miner Bumi Plc has sought to draw a line under damaging discord between its leading shareholders, announcing a long-awaited board shake-up that brings in a new chairman and leaves a role for co-founder Nat Rothschild.

Business 05 Apr 2012 | 12:00 AM Premium

MSC up despite worries over Indonesia’s tax hike plan

PETALING JAYA: The share price of Malaysia Smelting Corp Bhd (MSC) was not affected by the news that the Indonesian government may increase export tax on coal and base metals this year. The counter closed 3 sen higher to RM4.13 yesterday.

Business 13 Apr 2012 | 12:00 AM Premium

Indonesian Minister wants tax on mining exports

JAKARTA: Indonesia should quickly impose a tax on mining exports, the Industry Minister said yesterday in comments likely to worry miners in the world’s top exporter of thermal coal and refined tin.