May 2, 2014 | Commodities
South Korea’s KEPCO might have to wait longer to gain something from its US$500 million investment in coal producer Bayan Resources (BYAN) or if it wants to find buyer willing to pay decent price for its shares in the company. Harum Energy (HRUM), meanwhile,...
Mar 26, 2014 | Commodities
Bakrie Group and Asia Resource Minerals Plc (previously Bumi Plc) have finally completed the separation transaction today. Bakrie Group regained 29.2% interest in Bumi Resources (BUMI) for US$501 million in cash and the acquisition by Samin Tan of Bakrie Group’s...
Mar 24, 2014 | Commodities
The benchmark Newcastle Thermal Coal Index dropped further to US$72 per ton for the week ended March 21, 2014. That means the commodity lost almost 10% in the past two months due to huge supply and demand slowdown in the seaborne market. February operation data of two...
Mar 19, 2014 | Commodities
Shares of coal producers were still under significant pressures worldwide due to stream of news about slowdown of demand, especially in China. Those listed on Indonesia Stock Exchange (IDX), meanwhile, are bracing for new policies being drafted by the outgoing...
Mar 17, 2014 | Commodities
Shares of coal producers missed the so-called Jokowi Effect last Friday (Mar 14). Most of them end in red zone, including Indo Tambangraya (ITMG) and Bukit Asam, which lost 2.41% and 1.33% respectively. Elsewhere, BHP Billiton and Rio Tinto dropped more than 2% each...
Mar 12, 2014 | Commodities
The government of Indonesia is entering final stage of the issuance of new policy on royalty for coal. Some coal producers plan to block the new regulation unless the government harmonize all other aspects of the industry. Who’s affected and benefited from the...
Mar 11, 2014 | Commodities
Coal mining contractor PT Darma Henwa (DEWA) Tbk booked net loss of US$52 million last year, expanded by 26.8% from US$41 million in 2012. Accordingly, the company’s equity declined 19% to US$222 million, while total assets dropped 16.6% to US$366 million. Why...
Mar 10, 2014 | Commodities
The government has just issued the benchmark coal price for March 2014 at US$77.01 per ton for calorific value of 6322 Kcal/Kg. This is a 14.5% drop from March 2013 and 4.3% decline from February 2014, the biggest monthly drop so far this year. Implications to the...
Mar 10, 2014 | Commodities
Shares of coal producers ended significantly lower in the past few trading days. Arch Coal and Peabody Energy dropped 4.71% and 5.33% respectively in New York Friday, while BHP Billiton and Rio Tinto lost 2.9% and 4.3% in Sydney this morning. China Coal Energy also...
Mar 5, 2014 | Commodities
Media quoted Nathaniel Rothschild, partner of Bakrie Group/Samin Tan in Asia Resource Minerals Plc (previously Bumi Plc), last week saying Bakrie Group has sold portion of Arutmin Indonesia shares to Tommy Winata (Artha Graha). Both Bakrie and Tommy Winata denied the...
