May 15, 2014 | Commodities
Shares of coal producers end mostly in red Thursday (May 15) led by China Shenhua’s 1.14% fall on weaker coal sales in April 2014 and the first four months of 2014. In the meantime, the International Centre for Settlement of Investment Disputes (ICSID) has set...
May 14, 2014 | Commodities
Newcastle Port, the largest coal exporting terminal in the region, shipped out 2.48 million tons of coal in the week ended May 12, 2014, down 11.2% from the previous week. Overall, activities were slower with less coal vessels entering the port. Corporations in this...
May 14, 2014 | Commodities
Bumi Resources (BUMI), Indonesia’s largest coal producer, booked net profit of US$349 million in the first quarter of 2014 against net loss of US$62.91 million in the corresponding period of 2014. This, however, was attributable to US$747 million gain in...
May 13, 2014 | Commodities
Shares of coal producers gained substantially with substantial trading volume in Jakarta Monday (May 12). Adaro Energy (ADRO) gained 6.7% with over 124 million shares exchanged hands, while Harum Energy jumped 8.5% with over 26 million shares traded. Indo Tambangraya...
May 9, 2014 | Commodities
The government has set reference price of Indonesian coal (HBA) for May 2014 at US$73.6 per ton (FOB vessel) for coal with calorific value of 6322 Kcal/Kg, down 1.6% from April, but dropped significantly by 13.7% from May 2013. Also in this report: Indo Tambangraya...
May 7, 2014 | Commodities
Asia Resource Minerals Plc (ARMS) announced yesterday that a number of its major shareholders, including Samin Tan’s RACL and Borneo Lumbung, have indicated a clear wish for the company’s shares in PT Berau Coal Energy (BRAU) to be distributed in specie to...
May 6, 2014 | Commodities
PT Borneo Lumbung Energi & Metal (BORN) Tbk, controlled by Samin Tan, has yet to release its full year 2013 results even though Bakrie Separation transaction has long been completed in London. This morning, the stock gained slightly by 0.91% to Rp111. That means...
May 6, 2014 | Commodities
SGX-listed KrisEnergy Ltd has issued a default of notice to Neon Energy (Indonesia) Pty Ltd related to financing of seismic acquisition of Tanjung Aru production sharing contract completed last month. KrisEnergy and Neo Energy are partners in the block, located...
May 6, 2014 | Commodities
Shares of coal producers end mixed Monday (May 5) with relatively thin trading volume as investors were seeking clearer direction of the coal market. Adaro Energy (ADRO) gained 2.2%, but Bumi Resources and Berau Coal slipped 1% and 2.52% respectively. Elsewhere in the...
May 5, 2014 | Commodities
Chinese-Thai businessman Chanchai Ruayrungruang, according to Forbes magazine, had estimated wealth of US$1.9 billion. He leads the privately held Reignwood Group, which owns Reignwood Centre and the Pine Valley golf course in Beijing, China. Recently, he indirectly...
