Jan 28, 2015 | Commodities
PT Indo Tambangraya Megah (ITMG) Tbk is one of the largest coal producers in Indonesia with output around 30 million tons per annum. With strong balance sheet and huge cash in hands (US$350 million as at September 30, 2014) plus net profit of US$169 million in nine...
Jan 27, 2015 | Commodities
The benchmark April 2015 contracts of crude palm oil (CPO) collapsed more than 2% to RM2175 per ton on the Bursa Malaysia Derivatives Monday (Jan 26) due to broad market sentiment against commodities and the downfall of soybean oil. May contracts of CPO also dropped...
Jan 26, 2015 | Commodities
Shares of Peabody Energy Ltd, the world’s largest coal producer in the private sector, collapsed 6.4% Friday (Jan 23) in New York, while Arch Coal lost 8.6% following bearish coal note issued by Standard & Poor’s. CHINA DYNAMICS On Saturday (Jan 24), AP reported...
Jan 26, 2015 | Commodities
Palm oil prices collapsed to its new low at US$621.5/ton in Rotterdam Friday (Jan 23). This is the lowest price since July 2009. Other than weak crude oil and soybean oil, market players need to continue watching the entrance of new players. PRICES: Palm oil prices...
Jan 22, 2015 | Commodities
China Shenhua Energy, one of the world’s largest coal producers, has just released its full year of 2014 statistics. The company’s commercial coal production declined 3.6% to 306.6 million tons, including deeper corrections last month. Coal sales volume...
Jan 21, 2015 | Commodities
Crude palm oil (CPO) has just touched its new low at US$648 per ton in Rotterdam on Monday (January 19), the lowest since late July 2009. Depreciation of rupiah and Malaysian Ringgit, however, helped CPO producers in Indonesia and Malaysia in the past few months....
Jan 21, 2015 | Commodities
Volatility remains in the energy market as Nymex crude oil dropped 5.26% to US$46.13 per barrel in New York few hours ago. Shares of coal producers were dragged down accordingly, led by Arch Coal and Peabody Energy, which fell 7.32% and 2.13% respectively. Spot coal...
Jan 20, 2015 | Commodities
Sona Petroleum and Salamander Energy Plc have on Monday (January 19) terminated the sales and purchase agreement (SPA) for the US$281.2 million acquisition of 40% interest in the B8/38 oil and gas block in Thailand. How about farm-outs in Indonesian oil and gas...
Jan 19, 2015 | Commodities
G-Resources Ltd, controlling owner of Martabe gold mine in North Sumatra, poured 275,515 ounces of gold and 2.2 million ounces of silver last year, despite significant correction in the fourth quarter. Finders Resources Ltd, owner of Wetar Copper project in Maluku,...
Jan 18, 2015 | Commodities
Kepodang Gas Field in Muriah Block, offshore Central-East Java, is expected to supply natural gas for Tambak Lorok gas-fired power plant in Central Java after state-owned company PT Perusahaan Gas Negara (PGAS) Tbk injected significant fund into the long-delayed...
