Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]

Thailand and Cambodia plan to set up Joint Development Areas (JDA) covering 26,000 square kilometres of overlapping border areas to facilitate the exploration of natural gas and crude oil, Foreign Minister Noppadon Pattama said yesterday. Mr Noppadon said the Thai and Cambodian foreign ministries will hold talks on the establishment of the JDA to [...]

South Korea’s UBS Hana Asset Management, majority owned by the world’s largest wealth manager, said on Tuesday it will start a 260 billion won fund in December that will invest in a Madagascar nickel mine. South Korea’s government has decided to grant tax breaks to the fund, which will invest more than 70 percent of [...]

Ukraine is planning to become self-dependent in terms of uranium supplies for its operating nuclear power plants by boosting annual production of this metal to 2,500 tonnes between 2007 and 2013, the republic’s Fuel and Energy Ministry told RBC. The target is to reach an output level of 5,900 tonnes of uranium per year in [...]

Newmont Mining Corp., the world’s second-largest gold miner, plans to divest a further 7 percent stake in its Batu Hijau copper-gold mine in Indonesia and offered the shares to the government for about $325 million.
“We’ve made the offer, based on a value of $4.65 billion for the mine,” Newmont spokesman Rubi Purnomo said in Jakarta [...]

Heavy drilling equipment that was used in off-shore oil drilling by Australia’s Woodside Energy off the Lamu Coast was on Friday loaded into a cargo freighter at the Moi Airport, Mombasa.
The aircraft was scheduled to fly out of Mombasa and head to Perth, the head office of oil exploration company, Woodside Energy.
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Senior Energy Ministry officials, led by Minister Piyasvasti Amaranand, will pay a five-day visit to three Middle East countries this week and explore for ways to increase petroleum investment by two Thai government-run oil firms.
Mr. Piyasvasti will visit Oman, Qatar and the United Arab Emirates (UAE) February 8-12 intending to follow-up projects jointly undertaken [...]

Kazakhstan expects to produce 65 mln tonnes of oil and gas condensate in 2007, which is about the same level as in 2006, Energy and Mineral Resources Minister Baktykozha Izmukhambetov said at a Thursday meeting of the Energy Ministry collegiate in which Prime Minister Karim Masimov [...]

Thailand will definitely commit to more coal-fired power plants in the future under plans outlined by electricity policymakers.
Three guidelines have been set for the national power development plan (PDP) from 2011 to 2021 and coal-fired power plants are included in all three, according to a source at the Energy Ministry.
The guidelines were prepared by [...]

Thailand’s Energy Ministry Monday awarded petroleum concession rights to four consortiums, allowing them to explore for petroleum in the Gulf of Thailand as well as in onshore blocks.
Among the winners for offshore blocks in the Gulf of Thailand are Pearl Oil Esarn for Block G2/48, Northern Gulf Oil (Thailand) for Block G3/48, and Occidental Exploration [...]