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...
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 11, 2012 | Agriculture, Industries, News Group
Opened higher and traded as high as RM2364 per ton, the benchmark January 2013 contracts of crude palm oil (CPO) ended lower by RM20 to RM2316 per ton Friday (Nov 9). November deliveries also down to RM2245 per ton. Ample of supply in Indonesia and Malaysia weighed...
Sep 11, 2012 | Industries, Market, News Group
Bank Ekonomi (BAEK), acquired by HSBC for US$607.5 million from Wings Group four years ago, booked net profit of Rp154 billion in nine months of 2012, dropped 21% from the corresponding period of 2011, mostly due to squeezed margins. The bank saw its net interest...
Sep 11, 2012 | Agriculture, Industries, News Group
Wilmar International Ltd booked net profit of US$405.75 million in the third quarter ended September 2012, jumped 26.4% from the corresponding period of last year despite 5.7% drop in revenues to US$12.35 billion. This has cut Wilmar International’s net profit...
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 | Industries, Mining, News Group
Shares of Intrepid Mines (IAU) Ltd gain only 1.25% Tuesday (Oct 9) on ASX despite significant copper and gold upgrade for the Tumpangpity prospect in the Tujuh Bukit gold project, Banyuwangi, East Java. With the upgrade, Tujuh Bukit has copper and gold reserves twice...
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 10, 2012 | Industries
National media reported on Monday that state-owned oil and gas firm Pertamina has submitted plans to auction assets of PT Trans Pacific Petrochemical Indotama, where it has 15% shares, due to the default of some payments. Media also reported that PT Perusahaan...
