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%....
Sep 1, 2012 | Agriculture, Industries, News Group
The Jakarta Globe quoted Ambono Januarianto, president director of Bakrie Sumatra Plantations (UNSP) in December 2010 saying the company expected Rp1 trillion of revenues from oleochemical segment in 2011. In nine months of 2011, however, the segment only contributed...
Sep 1, 2012 | Agriculture, Industries, News Group
If you visit arthagraha.net, you will not find any company under Artha Graha Group with interest in palm oil business. You may have noticed the difference with visiting the website few years back. It is not clear whether it has something to do with the ongoing...
Sep 1, 2012 | Industries, Market, News Group
Avra Commodities Pte Ltd has entered into additional coal supply agreement with Tunas Inti Abadi (TIA), subsidiary of ABM Investama’s unit Reswara Minergi Hartama, bringing the total volume to 18 million tons in five years. What is Avra? Who’s behind? Avra...
Sep 1, 2012 | Industries, Mining, News Group
Indonesia shipped out 312 million tons of coal last year. The data is limited to those reporting their export or whose export were recorded. As of last month, total coal production plan for 2013 submitted to energy and mineral resources ministry has approached 500...
