Hong Kong building king hits a wall

Article Abstract:

Hong Kong-based construction magnate Gordon Wu built his Shajiao C power plant on time but failed to earn the $400 million extra profit due to his consortium's failure to meet his Mar. 31, 1995 deadline. Wu was expected to receive the profit on power sold before the official June 30 deadline. He relied on the amount to compensate for the low price of electricity sold by the plans. The Shajiao C plant was built using new construction techniques.

Electric services, Fossil Fuel Electric Power Generation, Coal Thermal Electric Power, China, Design and construction, Buildings and facilities, Coal-fired power plants, Coal fired power plants, Wu, Gordon

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Government changes tack on mining-contract policy; decision to drop proposed changes means foreign investors can proceed with projects

Article Abstract:

The Indonesian government is dropping proposed mining investment policy changes sponsored by Energy Minister I.B. Sujana that could have greatly discouraged investment in government-backed mining companies. The proposed changes would have forced foreign investors to give 10% of the equity in noncoal mining projects and to sell 51% of their equity in coal projects within ten years.

Administration of General Economic Programs, Regulation of Dom Invest by Foreign, Foreign investments, Indonesia, Coal industry, Foreign investment laws, Mining law, Sujana, I.B.

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Marcopper leak won't alter policy on mining licenses

Article Abstract:

Philippine officials announced that the government has no plans of changing its current mining policy despite a recent accident which resulted in serious environmental damage to the island of Marinduque. They stated that existing laws and regulations will remain in place but they stressed that more attention will be given to each potential licensee's environmental track record.

Administration of Conservation Programs, All Other Miscellaneous Nonmetallic Mineral Product Manufacturing, Misc. Nonmetallic Mineral Products, Misc Nonmetallic Mineral Products, Minerals Programs, Glass products, Philippines, Ceramics, Natural resource policy, Mineral deposits, Building stone

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