Asiamet Resources completes CoW amendment negotiations

Asiamet Resources Limited (Asiamet), through its Indonesian operating subsidiary PT Kalimantan Surya Kencana (KSK), has reported that ahead of moving into the project financing and development phase for its BKM copper project in Central Kalimantan, it has successfully concluded long running negotiations with the Government of Indonesia to amend its existing KSK Contract of Work (CoW) to secure long-term mining tenure.

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PT Adaro and EMR acquire Kestrel for $2.25 billion

As part of its coal exit, Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion.

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