Apr 16, 2015 | Commodities, Market, Reviews
Shares of Asia Resource Minerals (ARMS) Plc surged by 80% to 27 pence Wednesday (Apr 15), following a manoeuvre from Sinarmas Group to acquire the London-listed parent company of Berau Coal Energy (BRAU). Sinarmas is advised by former business partner of Nathaniel...
Apr 15, 2015 | Commodities, Market
London-listed Asia Resource Minerals Plc, parent company of PT Berau Coal Energy (BRAU) Tbk, is the subject of a possible US$309.81 million bid from Asia Coal Ventures (ACE), a vehicle funded by Sinarmas Group. “The Board of ARMS notes the announcement of a...
Apr 14, 2015 | Commodities, Market, Reviews
Shares of commodities trader Noble Group Ltd collapsed in the past few trading days following fresh accusations on its accounting maneuver. This time, Muddy Waters came up with an allegation regarding various transactions on PT Alhasanie, a coal concession holder in...
Apr 13, 2015 | Commodities, Politics
Discussions surrounding amendment of oil and gas law between the government and House Commission VII (overseeing energy and mining affairs) have geared up with more ‘nationalistic flavours’. On top of an automatic transfer of expired oil and gas blocks to...
Apr 10, 2015 | Commodities, Market
Shares of Bumi Resources Minerals (BRMS), subsidiary of Bumi Resources (BUMI) and holder of indirect 18% shares in PT Newmont Nusa Tenggara (NNT), surged 14.38% with 215 million shares exchanged hands Friday (Apr 10) even though it posted net loss of US$89.3 million...
Apr 10, 2015 | Commodities, Market
KPB Nusantara, the joint marketing office of state plantations, sold four CPO packages (5000 tons) at Rp7791-7931/Kg (VAT 10% included) Thursday (Apr 9), lower than Wednesday to tracking downfall in the futures market and appreciation of rupiah. KPB withdrew two other...
Apr 10, 2015 | Commodities, Market
PT ABM Investama (ABMM) Tbk, coal producer, mining contractor, and power generation company, booked net loss of US$113.7 million last year, against profit of US$4.6 million in 2013 on falling margins. What about Syailendra Capital’s huge investment in the...
Apr 9, 2015 | Commodities, Market, Politics
The government and lawmakers have on Wednesday, April 8, formally kicked off discussions surrounding amendment of oil and gas law. Energy and mineral resources minister Sudirman Said harvested lots of appreciations from lawmakers regarding the government’s views...
Apr 9, 2015 | Commodities, Market
The benchmark June contracts of crude palm oil (CPO) ended substantially lower by RM39 to RM2168 per ton on Bursa Malaysia Derivatives Wednesday (Apr 8). CPO was tracking crude oil, where WTI Crude retreated 2.3% to US$52.74 per barrel in Asian trading. July and...
Apr 8, 2015 | Commodities, Market
Oil and gas giant Shell Plc has agreed to acquire BG Group Plc for around US$70 billion. What that means to Shell’s operations in Indonesia going forward? Despite its centuries of presence in Indonesia, Shell is considered new player in the upstream oil and gas...
