Mar 5, 2014 | Commodities
Shares of coal producers listed on Indonesia Stock Exchange (IDX) ended significantly higher Tuesday (Mar 4) on speculative buy from higher Nymex crude oil prices in international market. Their peers end mixed in the region. Shenhua lost 0.73% in Hong Kong, while BHP...
Mar 3, 2014 | Commodities
Kepco reportedly considers selling its 20% interest in Bayan Resources (BYAN) to focus on the development of US$2.6 billion coal gasification project with state electricity provider PT Perusahaan Listrik Negara (PLN). Samsung, meanwhile, is working with PT Pembangunan...
Feb 28, 2014 | Commodities
Shares of coal producers continued their positive trend worldwide. Arch Coal Inc jumped 8.7% in New York last night, while Peabody Energy gained 3.72%. In Sydney this morning, BHP advanced 0.53%, while Rio Tinto gained 1.52%. In Jakarta, United Tractors advanced 1.23%...
Feb 27, 2014 | Commodities
PT Alam Tri Abadi (ATA), subsidiary of Adaro Energy (ADRO), has divested all of its 35% interest in PT Servo Meda Sejahtera (SMS) for total consideration of US$25.13 million. Buyers of the shares are PT Perusahaan Palembang Investama and PT Energi Karya Persada, both...
Feb 26, 2014 | Commodities
Can North American thermal coal compete in the Asian power generation market? County Coal Ltd believes it can, but it is a high volume and low margin proposition. The ASX-listed company said US’ drive to eliminate coal-fired power generation has led to new sources of...
Feb 24, 2014 | Commodities
Nymex crude oil stays above US$102 per barrel in Asian trading. While the commodity might not return to its peak, the sector is still interesting especially with growing energy consumption in Indonesia. In this issue, we will focus on Triangle’s Pase Block, RH...
Feb 24, 2014 | Commodities
Perdana Karya Perkasa (PKPK) might have to forget about a plan to become a substantial coal player with termination of agreement to acquire RITS Ventures Ltd. But, Manambang Muara Enim (MME), a joint venture between Thailand-based EGCO and Indonesia’s Manunggal...
Feb 21, 2014 | Commodities
The Wall Street Journal reported yesterday that Korea Electric Power Corp (Kepco) has retained Barclays Plc to sell 20% shares in Bayan Resources (BYAN) and a possible divestment of 1.2% stake in Adaro Energy (ADRO). Kepco acquired 20% shares of BYAN four years ago...
Feb 21, 2014 | Commodities
Indo Tambangraya (ITMG) maintains its position as the most profitable coal producer in Indonesia. It booked net profit of US$230 million last year, crashed 47% from 2012 due to 17% drop in average selling price of coal. Duta Pertiwi Nusantara (DPNS), meanwhile, has...
Feb 19, 2014 | Commodities
China Shenhua, the world’s largest thermal coal producer, lost another 1.9% to HK$20.85 in Hong Kong this morning. It is closer to its historic low in five years on gloomy outlook of coal and energy sector in China. The company reported 18.4% growth in coal...
