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...
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 4, 2012 | Agriculture, Industries, News Group
Ten plantation firms listed on Indonesia Stock Exchange (IDX) reported a combined sales revenue of Rp70.42 trillion or about US$7.8 billion last year, surged 40.5% from 2010. Their combined profit before tax increased 35% to Rp13.9 trillion. Their combined tax...
Sep 4, 2012 | Industries, Market
2011 is considered the best year of automotive industry. Companies like Astra International (ASII) and Indomobil (IMAS) enjoyed strong sales volume and revenues in both four-wheel and two-wheel. Tire producers, however, saw their profit margins squeezed substantially...
Sep 2, 2012 | Industries, News Group
Tower Bersama Infrastructure (TBIG) has finally signed the purchase of 2,500 towers from Indosat (ISAT) for US$406 million (including 5% of the enlarged share capital of TBIG) or about US$162,400 per tower. TBIG shares gained 3% Wednesday, while Indosat lost 0.93%....
