Jan 20, 2014 | Commodities
Samin Tan’s Borneo Lumbung Energi & Metal (BORN) is bracing both market and operational pressures. Coking coal market continues to provide negative sentiment, which raises question surrounding BORN’s mounts of debts, especially the US$1 billion...
Jan 20, 2014 | Commodities
China Coal Energy Co Ltd, one of the largest coal producers in the world, sold 160.96 million tons of coal last year, grew 7.6% from 2012. The company’s import, meanwhile, dropped substantially by 64.1% to 2.4 million tons only. In this report, we take a look at...
Jan 16, 2014 | Commodities
The benchmark price of Indonesian coal inched up 2% in January 2014, but still 6.5% below January 2013. Coal producers with huge loans in their book are increasingly nervous about debt service if the commodity stays there for another year. They have repeatedly asked...
Jan 15, 2014 | Commodities
Despite weak price, more players actually enter Indonesian coal industry. Other than independent coal producers, major business groups, whose energy consumption grows alongside expansion of their core business, continued to enter the sector to secure their own coal...
Jan 8, 2014 | Commodities, Industries, News Group
Six years ago, then SGX-listed Dayen Environmental agreed to acquire ATPK Resources from Hopaco Properties Ltd. Goi Seng Hui, then director of Dayen, controlled 9.62% shares of ATPK Resources before the proposed acquisition. Dayen was also granted rights to mine up to...
Jan 7, 2014 | Commodities, Industries, News Group
Shares of coal producers started the year mostly in red. Adaro Energy, the second largest coal producer, already lost 18.3% in the first four trading days of 2014, while Indo Tambangraya Megah and Resources Alam down 10% each. They start the year with significantly...
Jan 6, 2014 | Commodities, Industries, News Group
The government of Indonesia insisted to implement export ban on mineral ores by January 12, 2014 pursuant to Law No 4/2009. Companies (miners), which have yet to do processing and refining, will not be allowed to export mineral ores, while those having processing and...
Jan 6, 2014 | Commodities, Industries, News Group
Oil and gas contributed to 17% of Indonesia’s export revenues in 11 months of 2013, but accounted for 24% of the country’s import. As a result, Indonesia suffered oil and gas deficit of US$11.84 billion in the period, surged by 144% from the corresponding...
Jan 3, 2014 | Commodities, Market
Indonesia may suffer US$8.3 billion of non oil and gas deficit with China in 11 months of 2013, but with India, Indonesia enjoyed trade surplus of US$8.37 billion. Indonesia’s non oil and gas export revenues from India even surpassed United States in November...
Oct 26, 2012 | Commodities, Industries, News Group
PT Multi Sinar Kencana was established in March 2006 to engage in timber industry/wood working machinery business. Two years later, the company changed its main business to coal mining. How many companies like that in the country? They cut down the trees and then dig...
