Aug 8, 2012 | Industries, Mining, News Group
Intrepid Mines (IAU) Limited retreated 12% on ASX Wednesday as uncertainties linger on the future of its ‘economic interest’ in the prospective Tujuh Bukit gold-copper-silver project in East Java. Also in this report: (1) Sumatra Copper & Gold, (2) Arc...
Aug 6, 2012 | Industries, Mining, News Group
Adaro Energy (ADRO) and Bukit Asam (PTBA), two of top 10 coal producers in Indonesia, have released their financial results for the first quarter of 2012. Adaro posted 11.8% net profit growth to US$121.8 million, while Bukit Asam recorded 14.4% profit growth. Bukit...
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 5, 2012 | Industries, Mining, News Group
Last week, energy and mineral resources Jero Wacik defended Chevron, the largest crude oil producer in Indonesia, saying there was no fictitious project related to the use of bioremediation technology for the US company’s operation in Riau. Attorney...
Aug 3, 2012 | Agriculture, Industries, News Group
Petra Foods Limited, a company listed on Singapore Exchange (SGX) but with substantial operation in Indonesia reported 34.6% net profit growth to US$78.7 million last year as its sales revenue grew 8.7% to US$1.7 billion. We have also seen aggressive expansion in the...
Aug 3, 2012 | Industries, Mining, News Group
Investors responded negatively Government Regulation No. 24/2012. Share prices of ASX-listed mining companies with mining licenses in Indonesia dropped substantially. Two of them gave somewhat opaque statement about implication of the regulation to their Indonesian...
Aug 3, 2012 | Industries, Mining, News Group
Most people talk about dire implication of GR No 24/2012 signed by President SBY two weeks ago on Freeport Indonesia, especially on divestment of at least 51% shares to Indonesian company after 10 years of commercial production. Let’s talk about it later. For...
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...
