Apr 29, 2015 | Commodities, Politics
The government has missed its own target to immediately make decision about the giant offshore oil and gas Mahakam Block in East Kalimantan after the contract with Total (France) and Japan (Inpex) expires in 2017. State-owned oil and gas company Pertamina, slated to...
Apr 28, 2015 | Commodities, Market
Australian resource analyst Jason Stevenson posted an article titled ‘Why Nickel is Your Best Bet for Resource Gains This Year’ on Monday (Apr 27) arguing on falling stockpiles of nickel in China and unlikely change in Indonesia’s mineral ore export...
Apr 28, 2015 | Commodities, Market
The benchmark July contracts of crude palm oil (CPO) crashed further by more than 2% to RM2109 per ton Monday (Apr 27) on Bursa Malaysia Derivatives even when plantation companies reported weak output in the first quarter of 2015. We all know that growing conditions...
Apr 26, 2015 | Commodities, Market
In contrast to crude oil, which gained significantly in the past few weeks, crude palm oil (CPO) remained weak. The benchmark July contracts of CPO, for example, ended lower to RM2154 per ton on Bursa Malaysia Derivatives Friday (Apr 24), while average spot month...
Apr 26, 2015 | Commodities, Reviews
How many homes have been served with gas pipeline in Indonesia? Less than 200,000 households! Most households have to use liquefied petroleum gas (LPG), which is 33% more expensive than gas delivered through pipeline, and increasingly cost the State of higher...
Apr 24, 2015 | Commodities, Market
Shares of Asia Resource Minerals Plc (ARMS) retreated 6.34% to 33.25 pence in London Thursday (Apr 23) as the board of ARMS released the results of an open offer (rights issue) proposed by Nathaniel Rothschild’s NR Holdings, one of the shareholders. ARMS board...
Apr 23, 2015 | Commodities, Reviews
Domestic consumption of liquefied petroleum gas (LPG) has grown significantly in the past decade to 6.2 million tons last year triggered by government’s kerosene-to-gas conversion program. This year, LPG consumption is expected to grow further by 11.3% to 6.97...
Apr 22, 2015 | Commodities, Market, Reviews
Shares of Indika Energy (INDY) collapsed almost 10% to its new low Tuesday (Apr 21). At the closing price, INDY had market cap of US$140 million only, around 20% of its total equity and less than 10% of its total assets (US$2.29 billion), while total offshore debts...
Apr 22, 2015 | Commodities, Market
Whitehaven Coal Ltd, a growing coal producer, predicts metallurgical coal prices are unlikely to improve until 2016 due to weak demand. Thermal coal prices would also still be under pressure for the balance of this calendar year due to falling import of China. ...
Apr 21, 2015 | Commodities, Market
The board of Asia Resource Minerals Plc informed shareholders about a possible cash offer to be made by a special purpose vehicle jointly owned and controlled by NR Holdings and SUEK Plc to acquire the entire issued and to be issued ordinary shares of ARMS not already...
