May 8, 2015 | Commodities, Politics
President Joko “Jokowi” Widodo is on his five-day domestic working visit to the country’s easternmost resource-rich provinces of Maluku, North Maluku, West Papua, and Papua. The President first stop was in Maluku, where he was asked to pay serious attention on local...
May 8, 2015 | Commodities, Market
Sinarmas Group has reportedly launched an acquisition of Asia Resources Minerals Plc (ARMS), parent of PT Berau Coal Energy (BRAU) Tbk, for around US$150 million, about 10% the price paid by Bakrie Group & Recapital Advisors to Rizal Risjad and his friends six...
May 7, 2015 | Commodities, Market, Politics
Director of mineral and coal at ministry of energy and mineral resources has on April 23, 2015 sent a formal letter to owners of PT Berau Coal, which signs coal contract of coal (PKP2B) with Indonesian government, to immediately divest 51% shares in the Company to...
May 7, 2015 | Commodities, Politics
We have recently talked about I Gusti Nyoman Wiratmaja Puja, the new director general of oil and gas. Other than Mr Puja, President Joko ‘Jokowi’ Widodo has appointed three other director generals and secretary of the ministry of energy & mineral...
May 7, 2015 | Commodities, Market
Tired of depressing news on Indonesian economy? Well, you might have to look deeper into Indonesia’s copper and gold industry. We understand that some were not convinced because gold price was still hovering around US$1200 per ounce. Dr. Copper, however, has...
May 7, 2015 | Commodities, Market
Other than chemical grade alumina (CGA) built by state-owned mining company PT Aneka Tambang (ANTM) Tbk, there are some companies with serious efforts to build bauxite smelters in Indonesia to respond government’s policy, which bans export of mineral ores since...
May 7, 2015 | Commodities, Market
WTI crude oil advanced 2.67% to US$62.01 per barrel in Asian trading, reportedly as US crude supply glut eases. The benchmark July contracts of crude palm oil (CPO), meanwhile, ended higher by more than 1% to RM2183 per ton on Bursa Malaysia Derivatives Wednesday (May...
May 6, 2015 | Commodities, Market
Composite index of Indonesia Stock Exchange (IDX) returned to positive territory within one hour of trading Wednesday (May 6), thanks to the surge of metals-related shares and blue chip stocks. Rally in crude oil has also lifted resources stocks in most part of the...
May 6, 2015 | Commodities, Industries, Market
Out of so many companies announcing plans to build nickel smelter after implementation of mineral ore export ban in January 2014, China Hanking Holdings Limited, a company listed on the stock exchange of Hong Kong, might be considered among serious players. Why? As...
May 5, 2015 | Commodities, Politics
After months of selection process, President Joko ‘Jokowi’ Widodo has finally appointed IGN Wiratmaja Puja as new director general of oil and gas at energy and mineral resources ministry. Wiratmaja Puja, who is acting director general of oil and gas, was...
