DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d75190/indonesia_mining_r) has announced the addition of the "Indonesia Mining Report Q2 2011" report to their offering.
The Indonesia Mining Report provides industry professionals and strategists with independent forecasts and competitive intelligence on Indonesia's mining industry.
Indonesia has a wide range of key minerals. It is the world's second largest producer of tin and nickel and the fourth largest copper producer. The country also produces significant quantities of gold, bauxite, phosphates and iron sand and has the potential for alluvial diamond production. The mining industry accounted for an estimated 10.9% of Indonesia's GDP in 2010, with minerals and related products contributing about a fifth of the country's total exports.
Indonesia's mining industry looks set to grow by 10.9% in real terms in 2011 to reach US$85bn, which will bea slight slowdown from growth of 13.1% in 2010. This is because while BMI expects coal production to do well in 2011, as reflected in the report's forecast for an 11.0% increase in output to 340 million tonnes (mnt) this year, the positive effects will be somewhat diminished by a 7.1% decline in copper mine production. Growth in 2011 will also be capped by 2.3% and 2.1% increases in mined tin and nickel production respectively.
Continuing from 2010, the report expects foreign investment in the Indonesian mining industry to increase on the back of continued efforts by the government to improve the country's regulatory framework. Recent changes include officially allowing underground mining in protected forests, revised laws to increase the value of the country's natural resource exports, decentralising mining concessions to local governments and clamping down on illegal mining.
Indonesia's mining sector is dominated by Bumi Resources, which owns the country's largest and fourth largest coal miners, Kaltim Prima Coal (KPC) and Arutmin. State-owned PT Timah is the world's largest integrated tin mining company. It is the tin-rich Bangka region's biggest operator, followed by PT Koba Tin. Timah has a 25% share in Koba Tin, while the remaining stake is held by the Malaysian Smelting Corporation. PT Freeport Indonesia and PT Newmont Nusa Tenggara are the only copper mining players in Indonesia, carrying out mining activities at Grasberg and Batu Hijau mines. Freeport and Newmont are also engaged in the production of gold and silver.
Companies Mentioned:
- PT Timah (Persero) Tbk
- PT Antam
- Bumi Resources
- Newmont Mining
For more information visit http://www.researchandmarkets.com/research/d75190/indonesia_mining_r