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Moving into My Own Beach Apartment

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I have always dreamed of living close to the beach, but I never thought it was possible. Then, life changed really fast for me when I was offered a job in the New England area, I realized that I didn’t have to keep any of my dreams behind closed doors. That is why when I found the Revere Beach apartments for rent, I got pretty excited. I was able to look at some pictures on their website, and I fell in love with it instantly, mainly because of where it is located. (more…)

Raise Martabe Gold Mine Production Target

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Martabe Gold Mine revised gold production target for this year to 280,000 ounces from 250,000 ounces in advance only.
“The revised production target after seeing the results of increased production,” said President of G-Resources Martabe Gold Mine, Peter Albert, in Medan on Wednesday.
Ability to increase production above nameplate capacity design shows the efficiency of operational management success since it started trial production July 24, 2012.
“Management continues to be engaged to develop Martabe become one of Asia’s leading gold mines that contribute positively to the stakeholders in the vicinity,” he said.
He explained that the management can reduce operational cost to 510 U.S. dollars per ounce during the quarter due to mining activities and ore treatment plant that has exceeded production targets.
“The results of over 200,000 ounces of gold and nearly one million ounces of silver that have been produced so far beyond expectations,” he said.
Income earned from the sale of G-Resources gold and silver during the second quarter reached 98.5 million U.S. dollars is very encouraging that company.
Associated with increased production and income, then of course the tax increase.
“Martabe Gold Mine has paid dues remain (dead rent) and the UN Semester II in 2013 to the State Treasury 247,911.52 worth of U.S. dollars to an area of ​​1,639 km2 by the Sixth Generation Contract of Work (” CoW “) which was signed in April 1997,” he said.
Besides taxes, there is a royalty to the state for sale 63106.52 ounces (1,963 kg) of gold and 355,233.08 ounces (11,049 kg) of silver valued at 482,298.10 dollars.
Referring to Law 33 of 2004 on Fiscal Balance between the Central Government and Local Government, the percentage share of exploration and exploitation fees fees (royalties) divided by the details of the center section 20 per cent, 16 per cent of the provincial, regency / city producing 32 percent of the district and parts / other city in the province 32 per cent.

Pertamina Oil Production Add 3,000 bpd of Madura

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A subsidiary of PT Pertamina (Persero), Pertamina Hulu Energi West Madura Offshore (PHE WMO) managed to increase oil production of 3,000 barrels per day (bah) and 10 mmscfd of gas.

General Manager of PHE WMO H Kardono Bambang said, adding that diproduksikannya wells from the platform PHE 54.

“So PHE WMO production today reached 24,200 barrels per day (bpd) production increased 77 percent compared to the current production was first administered PHE WMO WMO Block on May 7, 2011 and which only amounted to 13.725 bph,” Bambang said in Jakarta, Thursday (1 / 8/2013).

Bambang added that the pavilion PHE 54 bridge is one of three new rigs and one platform improvements constructed and installed after the block is managed by PHE WMO WMO.

“With the completion of projects in the pipeline under the sea 16 inch long 21 kilometers connecting 54 PHE, PHE PHE 39 and 38B to Poleng Processing Platform (PPP), the four wells in Pavilion PHE 54 can begin to be produced,” said Bambang.

Bambang said, in the second half of 2013, PHE WMO will drill nine development wells.

“With the addition of the wells are then expected to meet production targets are already in stake in the work plan budget (Work, Plant & Budget / WP & B) WMO 2013. Semester of 14 thousand barrels per day, until the end of the year hopefully up to 20 443 bpd. We still completed nine wells hopefully rise again, “he said.

Analysts: Fear Makes Case IM2 Investors Capital Market.

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JAKARTA – the current capital market investors worried about the telecommunications business pascaputusan court corruption (corruption) cases IM2. Equity analyst Pardomuan Sihombing explains, penalties and regulations that ensnare IM2 yet fully clear.
Pardomuan also assess the regulations are not clear as IM2 case could ensnare anyone who runs a business in the country. In this case the investors in the world’s capital markets.
“It could happen (investors will fear) that the decision was negative, meaning that is associated with the regulation of the telecommunications industry,” said Pardomuan Sihombing, Sunday (07/21/2013).
Pardomuan asserted, the current capital market investors require legal certainty. According to Pardomuan, IM2 case and rules in the telecommunications industry should be clear, so as to ensure the future development of the business.
“Investors who will invest in doubt whether an investment fund to be back or not, when the company suddenly entangled case,” said Pardomuan.
Pardomuan added that the symptoms have not been perceived concerns, the article of the legal process is not over. However, if there is already a binding verdict and declared IM2 guilty, then the impact will be felt.
“We all expect the final result will be better,” said Pardomuan.
Previously reported, the Corruption Court sentenced former Director of IM2, Indar Atmanto kuruangan 4 years with a fine of Rp 200 million, with subsidiary imprisonment of 3 months. Judge also sentenced IM2 pay fines of Rp 1.3 trillion. Judges cooperation-IM2 Indosat network there is an element of corruption.
This ruling a major impact, as almost all sectors of the telecommunications businesses registered as a public company is also running a similar business model. Including PT Indosat Tbk, PT Telkomsel, PT XL Axiata Tbk, PT Smartfren Telecom, PT. Bakrie Telecom Tbk and others.
Communication sector alone contributes to Rp 11.8 trillion in revenues and in 2012. This figure is the biggest revenue for Indonesia in addition to the energy and mineral resources.

Plastics Demand High, LMPI Towards Rp 500?

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Until the end of 2011, the demand for plastics and household products generated by Lasting Makmur Industri Tbk PT (LMPI) jumped sharply. This surge in demand coming from domestic consumers and foreign.

According to one market participant, from domestic demand and household plastic products grew 60%. While from overseas, the consumer accounts for 40% of demand growth by the end of 2011.

“With this soaring demand, LMPI reportedly posted a year-end profit increased approximately 58% compared to year-end 2010 earnings,” said the market participants on Friday (30/3/212).

He said there are indications the market will anticipate this news before the announcement of the financial statements at the beginning of the second quarter of this year, with a target share price LMPI Rp 500 per share.

Yesterday, the stock closed at LMPI green area in the middle market is sluggish at Rp 310 per share, up 60 points (+24%) with the volume of transactions valued at more than USD 5.19 billion.

Ministry of Industry: Industrial Area Outside Java Push Equity

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Secretary of the Directorate General for Development zoning Budhi Setyanto Industry Ministry said construction of an industrial area outside Java is important to encourage the growth of the industrial sector of national equity.
“There is no other way to encourage the spread of the industry outside of Java, in addition to developing industrial areas outside Java,” said Budhi Setyanto in a meeting with the Chamber of Commerce and Industry (Kadin) Indonesia, in Jakarta on Wednesday.
He said so far the industrial area on the island of Java is the largest that as many as 55 pieces, 16 pieces while in Sumatra, Sulawesi two, and Kalimantan only one industrial area.
The director this resulted in inequality between the industrial development in Java and outside Java.
“Whereas in the Greater Jakarta area less competitive, so it is necessary the development of regions outside Java,” he said.
He describes the challenges of developing industrial areas outside Java, are also constrained to limited land and limited carrying capacity as water. While outside Java development challenges that inadequate infrastructure, lack of human resources capability, not all districts / cities have good spatial planning, as well as the lack of interest of private investment outside Java.
“Special stimulate the development of industrial areas outside Java, like it or not the government should intervene directly, because to date none of the private sector who want to build an industrial area outside Java,” he said.