Jul 7, 2012 | Industries, Mining, News Group
Government’s policy to impose export duty on mineral ores has started to generate substantial impacts. First of all, companies need more bureaucratic process, and longer time accordingly, to get the vessels out of Indonesian ports. Secondly, mineral processing...
Jul 6, 2012 | Agriculture, Industries, News Group
Unlike mining stocks, plantation stocks performed quite well year-to-date. Well, Bakrie Sumatra Plantations (UNSP), the worst performing stock in the sector, only lost 30.5% YTD, while BW Plantation gains 20.5%. Plantation stocks were somehow shielded from falling...
Jul 6, 2012 | Industries, Mining, News Group
Government’s decision to oblige miners to process ores in Indonesia has been praised by many. That would lift the country’s industrialization to the next level, value-added. In order to support domestic processing, government has also imposed an average...
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...
Jul 4, 2012 | Industries, Market
Chandra Asri (TPIA) has consolidated upstream petrochemical industry with the acquisition of Styrene Mono Indonesia (SMI) and Tri Polyta (TPIA). Siam Cement has also entered the company. Results, however, were limited. Midstream plastic producers reported strong sales...
Jul 3, 2012 | Industries, Mining, News Group
President Susilo Bambang Yudhoyono (SBY) has signed Government Regulation No. 24/2012 to amend Government Regulation No. 23/2010 about Mineral and Coal Business. There are some articles in GR No 23/2010 substantially changed, including divestment schedule. ARTICLE 6:...
Jul 2, 2012 | Industries, Mining, News Group
Nickel eased off 0.85% to US$21,510 per ton Tuesday (Feb 7). The commodity, however, has gained 15% year-to-date. Chinese demand for the commodity might ease off in the coming years, but that’s not stopping major business groups to enter the sector, including...
