Category: Commodities

Short-Term Support for Coal

Indonesia generated US$15.14 billion of revenues from coal export in the first nine months of 2017, jumped by 49.7% from the corresponding period last year. Because average reference price of Indonesian thermal coal, however, increased by around 50% in the same period. That means export volume was limited, which might explain pretty stable price of coal this year.

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Those Continue to Invest: United Malacca

It is not as big as Sime Darby, IOI Corp or KL Kepong, but United Malacca Berhad is one of Malaysian plantation companies continue to expand in Indonesia through acquisition of concessions. With total assets of RM2.15 billion by July 31, 2017, United Malacca is clearly a foreign player to watch in Indonesia’s plantation sector.

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Coal Price and Supply Constraints…

Thermal coal declined further to US$95.35 per ton on Wednesday to respond China’s import data, which pointed to significant decline in September. Overall, however, thermal coal prices in the third quarter ended Sept 30 were stronger than prediction from many analysts. Weather issues might continue to support the commodity in the short term.

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Siat Group + Valdo Investama

Vice President Jusuf Kalla witnessed the signing of an MoU between Indonesian company PT Valdo Investama and Siat Group in Brussels, Belgium this week. The companies plan to develop an integrated plantation-to-biotechnology in Maluku province with US$50 million of investment.

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Those Continue to Invest: Genting Plantations

Genting Plantations Bhd, listed on KLSE, through its subsidiary AsianIndo Holdings Pte Ltd, has completed acquisition of 100% shares in Knowledge One Investment Pte Ltd from Lee Rubber Company (Pte) Ltd for US$94.97 million (RM407.2 million). KOI, through its 85 per cent subsidiary in Indonesia, PT Kharisma Inti Usaha (PT KIU), holds the rights to cultivate oil palm on 14,661 hectares in Tapin Regency, South Kalimantan province, Indonesia.

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Oil & Gas Deficit: Should We Worry?

Indonesia suffered US$5.33 billion of deficit in oil and gas trading for the first eight months of 2017, expanded by 58.2% from the corresponding period last year due to a combination of higher import volume and average prices. Should we worry about the country’s long-term fuel security?

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Bakrie Plantation Sells More Assets: What’s Left?

PT Grahadura Leidong Prima (GLP) and PT Sumbertama Nusapertiwi (SNP), both are subsidiaries of Bakrie Sumatra Plantations (UNSP), have effective October 5th, 2017 no longer holding shares in PT Julang Oca Permana (JOP), a rubber plantation in North Bengkulu. They sold the assets to PT Sukses Generasi Abadi (SGA) for Rp193 billion.

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More Bauxite Export Permits Granted: Implications

Aluminium is one of the best perfoming commodities in the past two years. Last Thursday the commodity recovered 1.7% to US$2,171.5 per ton. That means aluminium has gained more than 50% since early 2016. Indonesia, used to be one of the world’s largest exporters of bauxite ores, might benefit for several reasons.

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Freeport: The Devil is in The Detail (2)

President Joko ‘Jokowi’ Widodo has through energy and mineral resources minister Ignasius Jonan granted the opportunity to purchase 10% shares of PT Freeport Indonesia, one of the world’s largest gold and copper miners, to Papua governments and people. This was the outcome of a meeting between Jonan, Papua governor Lukas Enembe, Puncak Jaya Regent Willem Wandik, and the President’s Special Staff for Papua issues Lenis Kogoya.

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