Aug 6, 2014 | Agriculture, Commodities
KPB Nusantara, the joint marketing office of state plantations, sold 11 out of 12 CPO packages (13,000 tons) auctioned off Tuesday (Aug 5) at Rp8815-8975/Kg (VAT 10% included). The benchmark October 2014 contracts of CPO on Bursa Malaysia Derivatives, meanwhile,...
Aug 5, 2014 | Commodities
Indonesia’s coal export revenues dropped further by 7.4% to US$1.74 billion in June 2014 due to a combination of lower volume and prices. In the first half of 2014, export revenues declined 14.3% to US$11.12 billion, deeper than correction of Indonesia’s coal...
Aug 4, 2014 | Commodities
Four years ago, Essar Group acquired Aries Coal Project in East Kalimantan for around US$118 million. The initial plan was to start commercial production in 2011. But, until now, the project has yet to deliver any coal. How about Bajaj Group, which also acquired...
Aug 1, 2014 | Commodities
SGX-listed Geo Energy Resources Ltd, controlled by Melati Family of Indonesia, has entered into mining service contract and coal mining cooperation agreement with CV Mandiri Makmur Citra Tambang (MMCT), holder of a small 190.7 hectares of coal concession in Satui...
Jul 30, 2014 | Commodities
Toba Bara Sejahtera (TOBA), controlled by Lt General (ret) Luhut Panjaitan—one of key supporters of president elect Joko ‘Jokowi’ Widodo, is one of few coal producers listed on Indonesia Stock Exchange (IDX) with strong performance in the first half...
Jul 30, 2014 | Commodities
Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net profit of US$168 million in the first half of 2014 against net loss of US$248.6 million in the corresponding period of 2013. This has contributed to 13.17% gain of BUMI on Friday (July 25). With...
Jul 23, 2014 | Commodities
Investors continued to dump shares of junior coal producer Atlas Resources (ARII). On Tuesday, Atlas lost another 25% to Rp296 with over 13 million shares exchanged hands. That means the stock has lost more than 50% its value in the past few trading days. Also in this...
Jul 21, 2014 | Commodities
State-owned coal producer PT Tambang Batubara Bukit Asam (PTBA) Tbk booked net profit of Rp1.16 trillion in the first half of 2014, grew by 33% from the corresponding period of 2013 due to higher sales volume and improved profit margin despite falling prices. Also in...
Jul 18, 2014 | Commodities
China Shenhua Energy Co Ltd, one of the world’s largest coal players, sold 234.6 million tons of coal in the first half of 2014, down 3.3% from the corresponding period of 2013 despite 5.5% sales growth last month. Wesfarmers Resources, meanwhile, reported...
Jul 17, 2014 | Commodities
Shares of coal producers and mining contractors end mixed Wednesday (July 16) as there were no catalysts for substantial change. Indika Energy gained 3.82%, but Bumi Resources down 0.63%. United Tractors and Delta Dunia Makmur also end lower on persistent weakness of...
