Sep 5, 2012 | Commodities, Industries, News Group
Glencore, Mitsubishi, Vitol, Sojitz, and Noble are household names in coal trading business. They’re all over major coal miners in the country. Mitsubishi and Glencore, for example, were identical with Kaltim Prima Coal of Bumi Resources (BUMI). J. Aron & Co,...
Sep 1, 2012 | Commodities, Market
Kusuma Raya Utama (KRU), a JV between Indonesia and China business groups, plans to start second underground thermal coal mine in Bengkulu, Sumatra in April 2012. The new mine will produce 600,000 tons per annum. Small? May be. But how many companies are producing at...
Aug 10, 2012 | Commodities, Industries, News Group
Central Jakarta Commercial Court has approved an application of Suspension of Debt Payment (PKPU) for PT Kartika Selabumi Mining, known as KSM Coal, a coal producer based in East Kalimantan. What’s going on? Something to do with the downfall of coal mining...
Aug 5, 2012 | Commodities, Industries
The government might have been lost direction in determining fuel price policy. But, that’s not the case with natural gas and geothermal. Today, gas producers got a boost with 49% price hike for sales to PT Perusahaan Gas Negara (PGAS) Tbk, the state-owned gas...
Aug 2, 2012 | Commodities, Industries, News Group
Sebuku Block is home to the Ruby Gas Field with capital investment of US$500 million. The gas field has secured plan of development from government of Indonesia in July 2008 to produce about 100 MMSCFD of gas for fertilizer plant in North Bontang, East Kalimantan. The...
Aug 2, 2012 | Commodities, Industries, News Group
Anadarko Petroleum has just posted net loss of US$2.65 billion last year, mostly related to US$4 billion payment to settle the dispute with BP related to the Gulf of Mexico disaster. What the company will do with its oil and gas assets in Indonesia? Rumors in the...
Aug 1, 2012 | Commodities, Industries, News Group
Thermal coal price in Newcastle Port, Australia, the largest coal export terminal in the region, stood at US$91.55 per ton Friday (August 17). The commodity is now 26% below January 2012 price. Pressures on coal-related stocks continue in the region. In this report:...
Jul 5, 2012 | Commodities, Industries
As the government started to restrict export of mineral ores with export duty of 20% (on average), application to build metal smelting and refining facilities increased substantially. Almost 100 companies plan to build these facilities, which also requires reliable...
Jul 5, 2012 | Commodities, Industries, News Group
Sinarmas Group is one of key players on Singapore Exchange (SGX). It converted Asia Food & Properties (AFP) into Sinarmas Land, which controls Bumi Serpong Damai (BSDE) and Duta Pertiwi (DUTI) on Indonesia Stock Exchange (IDX). It also has Golden Agri-Resources,...
Jul 4, 2012 | Commodities, Industries, News Group
Lanna Resources reported strong results from its coal operations in Indonesia last year. Coal sales revenue from PT Singlurus Pratama, where Lanna Harita owns 65% interest, surged to almost 5 billion baht last year from less than 1 billion baht in 2009. PT Lanna...
