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Business 5 years ago
Golden opportunity: Antam eyes Papua mine amid dwindling reserves
Antam’s takeover of the Wabu Block is expected to further consolidate the company’s gold business, which contributes over 60 percent of its annual revenue, thereby making gold Antam’s best-selling product. The miner also produces nickel, bauxite, silver and coal.
Business 7 years ago
Foreign exchange reserves up to US$124.5 billion in March
Foreign exchange reserves strengthened in March to US$124.5 billion, up from $123.3 billion in the previous month, on the back of improved foreign exchange earnings from the oil and gas sector, Bank Indonesia (BI) reported on Monday.
Business 7 years ago
Foreign exchange reserves stable at US$120.1 billion in January
Indonesia welcomed 2019 with stable foreign exchange reserves, Bank Indonesia (BI) announced on Thursday, while economists said more favorable external conditions would pave the way for the country to build up reserves this year.
Business 7 years ago
Oil, gas reserves found in 2018 higher than target: Official
The government claimed on Monday that it had managed to find more oil and gas reserves in 2018, expanding the reserve-replacement ratio to 105 percent as of December last year, 5 percent higher than the target of 100 percent.
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