Nov 12, 2014 | Commodities, Market
Thailand’s Electricity Generating Public Company Ltd (EGCO) has completed the acquisition of 20% indirect ownership in Star Energy Geothermal (SEG) Pte Ltd from Star Energy Group Holdings Pte Ltd for US$215 million, valuing SEG at US$1.075 billion. SEG owns Wayang...
Nov 12, 2014 | Commodities
Reference price of Indonesian coal for November 2014 is set at US$65.7 per ton (FOB vessel for CV 6322 Kcal/Kg), the lowest level since July 2009. That means the commodity collapsed almost 16% from the same month of 2013. For 11 months of 2014, the average reference...
Nov 10, 2014 | Commodities
COKING COAL PRICE: Wesfarmers, one of Australia’s coking coal producers, has concluded price negotiations for the October-December 2014 with majority of its customers. The weighted average FOB price for the quarter would be 1% lower than the previous quarter but 25%...
Nov 6, 2014 | Commodities
Government agencies believe domestic consumption of biodiesel would miss the target. Financial report of Eterindo Wahanatama (ETWA), one of biodiesel producers, might be a confirmation to such prediction. Biodiesel producer Eterindo Wahanatama (ETWA) booked total...
Nov 3, 2014 | Commodities
The benchmark January 2015 contracts of crude palm oil (CPO) rallied to its highest position in two months Friday (Oct 31). Combined with weak rupiah, KPB Nusantara, the joint marketing office of state plantations, sold most CPO packages auctioned off that day at new...
Nov 3, 2014 | Commodities
Harum Energy (HRUM) booked net profit of US$1.1 million in the third quarter of 2014, crashed 92.3% from the corresponding period of 2013 due to falling sales volume and prices of coal. How about Bayan Resources and Indika Energy? Harum Energy reported 47% drop in...
Oct 31, 2014 | Commodities
Adaro Energy (ADRO), second largest coal group in Indonesia, booked net profit of US$52.57 million in the third quarter of 2014, declined by 22.7% from the corresponding period of 2013 on lower sales and squeezed margins. Unlike the first half, Adaro’s sales revenue...
Oct 30, 2014 | Commodities
The benchmark January 2014 contracts of crude palm oil (CPO) advanced more by 2% Wednesday (Oct 29) to settle at RM2263 per ton. That means the commodity has gained 16% from its bottom few weeks ago. Combined with weak rupiah, the commodity hiked to Rp8665/Kg (VAT 10%...
Oct 30, 2014 | Commodities
The troubled coking coal producer Borneo Lumbung Energi (BORN), controlled by Samin Tan, booked net loss of US$170 million in the first half of 2014, expanded 53% from the corresponding period of 2013 on falling volume and prices of coking coal. Also this report:...
Oct 29, 2014 | Commodities
Toba Bara Sejahtera (TOBA) booked net profit of US$17.04 million in the first nine months of 2014, jumped by 95% from the corresponding period of 2013. Unlike other coal producers, TOBA reported strong sales revenue growth of 31% to US$390 million in the period. TOBA,...
