Oct 26, 2012 | Commodities, Industries, News Group
PT Multi Sinar Kencana was established in March 2006 to engage in timber industry/wood working machinery business. Two years later, the company changed its main business to coal mining. How many companies like that in the country? They cut down the trees and then dig...
Oct 12, 2012 | Commodities, Industries, News Group
PT Tiga Baji is one of companies planning to develop nickel smelter in Morowali, Central Sulawesi province. Like others, however, the company’s smelter might not be able to start commercial operation in 2014, the year when miners shall not export minerals in...
Oct 12, 2012 | Commodities, Industries, News Group
Coal stocks end mixed Monday (Dec 10) with Shenhua down 0.93% in Hong Kong, while BHP Billiton gained 0.6% in Sydney. In Jakarta, Bakrie-related coal stocks ended mostly in red as conflicts at Bumi Plc yet to settle down. In this report: (1) Delta Dunia Makmur, (2)...
Oct 10, 2012 | Commodities, Industries, News Group
Coal-related shares were mixed all over the world Wednesday (Oct 10) even though Nymex crude oil soared to US$93 per barrel. Shenhua gained 0.82% in HK, while China Coal down 0.42%. In Jakarta, Bumi Resources gains 1.5%, while ITMG, Bukit Asam, and Indika ended lower....
Oct 10, 2012 | Commodities, Industries, News Group
Krakatoa Resources Limited is another Indonesian gold explorer to be listed on ASX. Krakatoa offers 15 million shares in the IPO at an issue price of $0.2 per share to raise $3 million. It is small, and probably not interested for some investors. But, how many...
Oct 9, 2012 | Commodities, Industries, News Group
The government has awarded 12 new blocks of coal-bed-methane (CBM) this year. The minimum gas price of $7.5 per MMBTU is also guaranteed by the Upstream Oil and Gas Regulatory Body (BPMigas). Some players have also announced independent resource certifications....
Oct 7, 2012 | Commodities, Industries
State-owned electricity company PT Perusahaan Listrik Negara (PLN) has on Tuesday (July 10) signed power purchase agreement (PPA) with PT Lestari Banten Energi for the 660 MW coal-fired power plant project in Serang, Banten province. Who’s behind the project?...
Oct 5, 2012 | Commodities, Industries, News Group
Junior coal player Atlas Resources entered stock market late last year with IPO price of Rp1500. The stock gained briefly to Rp1570, but has since dropped to Rp1390 on Thursday (May 10). The stock is not liquid with only few lots traded daily. At the current price,...
Oct 1, 2012 | Commodities, Industries, News Group
Indika Energy (INDY) surged 8.9% Tuesday (Jan 10) following news that the company has appointed Citi, Macquarie, and Mandiri Sekuritas for re-selling of up to 18% shares in mining contractor Petrosea (PTRO) to fund managers and institutional investors. Petrosea,...
Oct 1, 2012 | Commodities, Industries, News Group
Coal producer PT Resource Alam Indonesia (KKGI) Tbk advanced 0.61% to Rp8,300 Tuesday (Mar 13). At this price, Resource Alam has market capitalization of Rp8.3 trillion, almost 14 times its equity. The stock is not liquid, for sure. Its average trading volume in the...
