Oct 1, 2012 | Commodities, Industries, News Group
World crude steel production for 62 countries reporting to the World Steel Association was 126 million tons last month, inched up 1.3% from October 2011. China, the world’s largest producer, shown a convincing growth of 6%, but Japan dropped 6.7%. That means for...
Sep 10, 2012 | Commodities, Industries, News Group
The government has signed production sharing contract (PSC) for four new coal-bed-methane (CBM) blocks today. Dart Energy, CBM Asia, and Ephindo-Star Energy were granted one block each, while the other for PT Belawa Energi Utama. Looks like the question is not about...
Sep 10, 2012 | Commodities, Industries, News Group
Coal prices may decline, but miners continue to boost their output and operations. Kangaroo Resources Limited, a company controlled by Bayan Resources (BYAN), reported 70% output growth in September, while Real Resources Ltd moves closer to commercialization of its...
Sep 10, 2012 | Commodities, Industries, News Group
Dispute between mining contractor PT Sinar Intijaya Putraperkasa and mining concession owner PT Kartika Selabumi Mining (known as KSM Coal) continues. On Monday, October 8, KSM Coal filed a lawsuit against Sinar Intijaya in Central Jakarta Commercial Court. Lawyers of...
Sep 8, 2012 | Commodities, Industries, News Group
Bumi Resources (BUMI) produced 32.7 million tons of coal in the first half of 2012, 9.2% more than the first half of 2011. Average selling price for the period, however, declined 3% to US$88 per ton. On the other hand, production cost of sales rose 16.6% to US$52.1...
Sep 8, 2012 | Commodities, Industries, News Group
Berau Coal Energy (BRAU) has just released its first half financial results. The company posted net loss of US$39.42 million against net profit of US$89.2 million in the corresponding period of 2011, mostly attributable to the squeezed margins. Berau Coal reported...
Sep 7, 2012 | Commodities, Industries, News Group
In late 2009, KrisEnergy acquired Kambuna and Kutai production sharing contracts (PSCs) from Serica Energy. In April 2010, the company secured a US$150 million acquisition finance facility from Standard Bank Plc, which enables the leveraged acquisition of oil and...
Sep 7, 2012 | Commodities, Industries, News Group
Pretty much as predicted, Indonesian coal reference price for July 2012 dropped further by 9.5% to US$87.56 per ton. This is the lowest price in two years. Bear in mind that the price is a benchmark for coal quality 6,322 Kcal/Kg GAR with total moisture of 8% (ARB),...
Sep 7, 2012 | Commodities, Industries, News Group
LG is famous for its electronics. But, LG is a conglomeration with diversified business interests in energy, non-ferrous metals, petrochemicals, and steel. So, it’s not surprising to see LG Group’s entry into Indonesian coal industry three years ago....
Sep 6, 2012 | Commodities, Industries, News Group
India has been targeted by Indonesian coal producers as the main export market. They mostly expect India would replace China as dominant player for seaborne coal in the region. Energy companies from India have also acquired substantial coal concessions in Indonesia in...
