Nov 25, 2014 | Commodities
Shares of mining companies, including coal producers, gained in the region Monday on expectations of stronger demand following interest rate cut in China. But, the rally might be short-lived as those listed in US ended lower, while BHP Billiton retreated on profit...
Nov 24, 2014 | Commodities
Bisnis Indonesia newspaper reported this morning that ministry of energy and mineral resources might terminate the billion dollar coking coal project of PT IndoMet Coal, a joint venture between mining giants BHP Billiton (Australia) and Adaro Energy (Indonesia), in...
Nov 23, 2014 | Commodities
Acting director general of oil and gas Naryanto Wagimin revealed this week that the government will hand over the giant Mahakam Block to state-owned oil and gas company Pertamina after the block’s contract expired in 2017. Pertamina, however, is expected to keep...
Nov 22, 2014 | Commodities
Minister of energy and mineral resources Sudirman Said has decided to extend contracts of four oil and gas producing blocks: Pase, Gebang, Kampar, and Offshore North West Java (ONWJ). Two of them are related/controlled by Bakrie Group, whose owner is leader of...
Nov 21, 2014 | Commodities
In the past few months, we have witnessed mergers and acquisitions of oil and gas assets in Indonesia. This morning, ASX-listed Cue Energy informed shareholders that it has executed a farm-in agreement in relation to Mahato production sharing contract (PSC) in Central...
Nov 21, 2014 | Commodities
SGX-listed Interra Resources Ltd, controlled by Edwin Soeryadjaya, has just revised down the post-tax NPVs of the West Benakat KSO associated with 2P reserve. Will it lead to another revision of acquisition price of Benakat Barat Petroleum—currently controlled...
Nov 20, 2014 | Commodities
On Wednesday, KPB Nusantara—the joint marketing office of state plantations, sold all six CPO packages auctioned off that day at Rp8390 (FOB West Kalimantan), Rp8585, and Rp8720 (FOB Belawan and Medan) per Kg (VAT 10%) respectively.Overall, net price received by...
Nov 19, 2014 | Commodities
In a bid to achieve self sufficiency of sugar, ministry of agriculture is now working with ministry of state-owned enterprises to revive existing sugar refineries and build 10 new factories worth Rp42.5 trillion. Gamar Nasir, director general for plantation at...
Nov 19, 2014 | Commodities
Palm oil producer PT Sawit Sumbermas Sarana (SSMS) Tbk has kicked off acquisition of shares in PT Sawit Multi Utama (SMU) and PT Tanjung Sawit Abadi (TSA) from PT Citra Borneo Indah for a combined consideration of US$129 million. That much? Well, this question is...
Nov 18, 2014 | Commodities
Coal producer Golden Energy Mines (GEMS), controlled by Sinarmas Group and India’s GMR Infrastructure, booked net profit of Rp80 billion in nine months of 2014, crashed 53% from the same period of 2014. Still, GEMS is among those in positive territory, thanks to...
