Jul 10, 2014 | Commodities
Shares of PT Mitrabara Adiperdana (MBAP) Tbk, a coal producer, gained more than 10% on its trading debut at Indonesia Stock Exchange (IDX) this morning. Overall market sentiment helped MBAP because the sector is still under lots of pressures. Companies in this report:...
Jul 8, 2014 | Commodities
Shares of coal producers listed on Indonesia Stock Exchange (IDX) end mixed Monday (July 7). Some responded negatively government’s plan to raise coal royalty for open pit mining business license (IUPs), while others gained on broad market sentiment as...
Jul 8, 2014 | Commodities
The government sends out stronger signal that royalty to be paid by holders of coal producers operating under mining business permit (IUP) regime will be raised to between 7% and 13.5% in the coming months. Also in this report: Bukit Asam, Tata Power, Tanjung Jati B,...
Jul 3, 2014 | Commodities
ASX-listed South East Asia Resources Ltd has secured additional funding for its coking coal project in East Kalimantan. Cokal Ltd, also listed on ASX, meanwhile, has secured the crucial forestry permit to proceed with commercial operation of its asset in Central...
Jul 1, 2014 | Commodities
Junior coal player Geo Energy Resources Ltd, which controls some coal concessions in Kalimantan, has on Monday (June 30) established a S$300 million multi-currency medium term note program with United Overseas Bank (UOB) Ltd as the sole arranger and dealer. Orpheus...
Jul 1, 2014 | Commodities
Sky One Holdings Ltd and vendors of Energy Prima Pte Ltd have agreed to revise the proposed acquisition of 100% shares in Energy Prima Pte Ltd. The purchase consideration has also been revised down from S$400 million to S$265 million due to, among others, downfall of...
May 28, 2014 | Commodities
United Tractors (UNTR) continues to report weak sales of construction machinery due to slowdown of mining sector. Last month, Komatsu sales volume reached 366 units, an improvement from March 2014, but significantly smaller than the same month of 2013. How about...
May 23, 2014 | Commodities
Nomura Australia Ltd and its related companies have become substantial shareholder of ASX-listed Cokal Limited, controlling owner of Bumi Barito Mineral (BBM) coal project in Central Kalimantan. How about E-Force Holdings’ investments in Kalimantan coal? NOMURA...
May 21, 2014 | Commodities
Shares of coal producers end mixed in the region Wednesday (May 21). Shenhua and China Coal regained grounds in Hong Kong, but BHP Billiton and Rio Tinto end lower ground in Sydney. In Jakarta, most shares end in positive territory, except for Adaro Energy and Berau...
May 19, 2014 | Commodities
Data from China continues to show weakness in the coal market. While not as bad as China Shenhua, China Coal Energy Company Ltd reported only 3.7% growth in coal sales volume for April 2014. Producers anticipate that coal prices in China will remain under pressure for...
