Showing posts with label Mining. Show all posts
Showing posts with label Mining. Show all posts

Wednesday, 21 March 2012

INDONESIA HEATS UP

Robert Gates, on a 2010 visit to Indonesia, during which he announced that the US would continue helping to train Kopassus, an elite special forces unit accused of kidnappings and assassinations. Defense Dept. photo by Cherie Cullen

Indonesia is under attack.

1. On 21 March 2012, a bomb hit the outside of the Indonesian embassy in Paris.

The gas cylinder package had originally been inside the building but was removed by an observant member of staff.

(Bomb blast shakes Paris as 'gas cylinder package' explodes outside.)

Indonesia

2. On 19 March 2012, we read that five suspected militants, who had reportedly surveyed targets for attack on Bali, have been shot dead by Indonesian police.

The killings follow the start of a trial of Umar Patek, an Islamist militant believed to have worked for the CIA.

Patek is accused of making the bombs used in the 2002 Bali nightclubs attack, which has been linked to the CIA and elements of the Indonesian military.

Umar Patek was captured in Abbottabad, where the CIA is believed to have had a number of safe houses.

Patek is also accused of mixing chemicals for 13 bombs that hit five churches in Jakarta on Christmas Eve, 2000, killing about 15 people. These church attacks are believed to have links to elements of the Indonesian military.

Police shoot dead five terror suspects in Bali

Indonesia

Why is Indonesia under attack?

1. China and Indonesia have signed deals worth a potential $17 bln

China and Indonesia signed prospective deals worth potentially more than $17 billion on Friday in the fields of mining, hydropower and steel, state media reported, during a visit by Indonesian President Susilo Bambang Yudhoyono to Beijing.

2. INDONESIA has called on Australia to accept that the rise of China is natural and not threatening.

"Indonesia's Minister for Foreign Affairs, Marty Natalegawa, said countries should not react to the rise of China ''through traditional alliances and fault lines'', a veiled reference to the proposed US Marine deployment to the Northern Territory, a decision he criticised four months ago."

Indonesia urges calm over rise of China‎

3. Indonesia's 'Resource Nationalism' is upsetting foreign investors‎

A new law in Indonesia forces foreigners to divest at least 51 percent of their shares to Indonesians over a 10-year period.

Certain powerful Indonesians want a bigger share of the cake.

Indonesia has some of the world's biggest untapped mineral reserves, including tin, nickel, copper and gold.

In 2011 a three-month strike at a giant gold and copper mine owned by US company Freeport-McMoRan, led to a 37 percent pay rise for workers.

Indonesia

4. Indonesia wants oil from Iran.

Indonesia does not want an Iran crisis that will put up the cost of oil even further.

Indonesia Must Buy Iranian Oil Erwin Wirawan

Indonesia

What happens next?

1. Indonesia is considering raising fuel prices or lowering the subsidy to private vehicles.

The government is expected to make a decision by the end of March.

There have been protests.

Some protesters have chanted "Crush SBY, bring down SBY-Boediono regime", referring to President Susilo Bambang Yudhoyono.

Indonesian labour unions are threatening to close ports and toll roads Ahead of the Fuel Hike

Thousands protest against proposed fuel hike in Indonesia

Indonesia

Monday, 13 July 2009

South Africa and Nationalisation of Mines.

The Johannesburg skyline. Taken by de:Benutzer:Zakysant.

Think about nationalised companies.

90% of the world's oil is managed by national oil companies.

Of the 20 biggest oil firms, in terms of reserves of oil and gas, 16 are run by governments.

State-run Saudi Aramco has more than ten times the reserves that Exxon does.

Some politicians in South Africa would like the country's mines to be taken over by the government.

Can South Africa successfully nationalise its mines?

Can Egypt successfully manage the Suez Canal?

Britain's Anthony Eden thought not.

But he was wrong.

The Guardian, 13 July 2009, asks: Will South Africa reclaim its mines?

South Africa's mines provide half of its exports.

South Africa has gold, diamonds, platinum, copper, coal, rhodium and more.

The investment by the mining companies in South Africa is between £100-150bn.

The mining companies would claim to have expertise in engineering, management and marketing.

Some people might think that the South African government lacks the money to buy the mines and lacks the skills to run them efficiently.

The Unions and Julius Malema, the leader of the ANC Youth League, and Castro Ngobese of the Young Communists all want nationalisation.

Susan Shabangu, the minister for minerals, opposes nationalisation.

President Jacob Zuma has said he does not intend to nationalise the mines.

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