Oct 29, 2014 | Commodities
Market players are now focusing their attention to third quarter results of plantation companies and movement of CPO prices in global market. On Tuesday, the benchmark January 2015 contracts of CPO jumped by more than 2% to RM2212 per ton. CPO prices in Rotterdam...
Oct 29, 2014 | Commodities, Industries
Kulim Sdn Bhd is known in Indonesia as plantation company. On October 23, 2014, however, Kulim Energy Nusantara Sdn Bhd (KENSB) entered into a joint operating agreement (JOA) with PT Radiant Bukit Barisan E&P (RBB) and PT Graha Sumber Berkah (GSB) to participate...
Oct 27, 2014 | Commodities
Platt’s reported Friday that monthly Chinese import of thermal coal fell to 9.35 million tons last month, the lowest in more than two years. Import from Indonesia fell significantly by 48% to 2.81 million tons only in the month. China Shenhua Co Ltd, meanwhile,...
Oct 22, 2014 | Commodities
BHP Billiton Ltd, one of the world’s largest mining companies with market capitalization of A$182 billion, has just released its September quarter data. World Steel Association, which gathers information from steel producers in 65 countries, also reported slowdown of...
Oct 21, 2014 | Commodities
State-owned coal producer PT Bukit Asam Tbk (PTBA) has through its subsidiary PT Bukit Multi Investama acquired shares of PT Bumi Sawindo Permai (BSP) for Rp861.38 billion. PTBA informed market participants this morning that it has completed the acquisition of PT BSP,...
Oct 20, 2014 | Commodities
Domestic consumption of coal might grow faster with commitment from the new government to accelerate development of coal-fired power plant projects. Combined with an expected lower approved coal production, Indonesia might supply substantially less to the seaborne...
Oct 17, 2014 | Commodities
Central Jakarta Commercial Court has granted Suspension of Debt Payment (PKPU) to PT United Coal Indonesia (UCI). UCI filed PKPU application to respond bankruptcy lawsuit filed by two of its creditors, namely CV Exiss Jaya and CV Satria Duta Perdana. State-owned Bank...
Oct 17, 2014 | Commodities
Plantation shares ended further down in the region Thursday (Oct 16) on broad market sentiment and continues downfall of crude palm oil (CPO) prices in the futures market. Today, recovery in Nymex crude oil to US$83/barrel might lead to improvement in CPO market....
Oct 16, 2014 | Commodities
Chinese agriculture giant COFCO has agreed to acquire 51% shares in Noble Agri Ltd for US$1.5 billion in cash. Noble Group maintains 49% stake in the company, which has three divisions: grains & oilseeds, softs trading, and sugar milling. The deal might not have...
Oct 15, 2014 | Commodities
Whitehaven Coal Ltd, listed on ASX, said this morning that there are continuing signs that the thermal coal market is working through an adjustment phase, which began in 2013, to a more sustainable growth path. Indonesian exports, according to the Company, started to...
