Jul 2, 2012 | Commodities, Industries, News Group
In late 2010, PT Billy Indonesia and Jilin Horoc Non-Ferrous Metal Group from China signed a memorandum of understanding in Kendari, South East Sulawesi province, to build a US$1.9 billion nickel smelting facility in the province. The MoU was signed with South East...
Jul 1, 2012 | Agriculture, Industries, News Group
Sugar is a growing business in Indonesia, especially with influx of major investments in food industry and higher per capita consumption. PT Tunas Baru Lampung (TBLA) Tbk has kicked off a major investment in the sugar business. Industry ministry recorded at least 15...
Jul 1, 2012 | Commodities, Industries, News Group
Muhammad Nazaruddin, former treasurer of President SBY’s Demokrat Party, has previously been linked to ‘coal supply deal’ with state-owned electricity firm PLN. Nazaruddin is not alone. We have a long list of politicians and leaders, including...
Jul 1, 2012 | Commodities, Industries, News Group
Nymex crude oil has recovered to above US$88 per barrel, but coal prices, both thermal and coking, continue the correction. Reports from coal producers overseas might be useful to understand the dynamics. In this report: (1) Winsway Coking Coal, (2) Whitehaven Coking...
Jul 1, 2012 | Commodities, Industries, News Group
In July 2011, Bayan Resources (BYAN) was a US$9 billion company. Last week, its ‘market value’ dropped to US$4.2 billion. With less than 25,000 stocks traded daily in the past three months, the price might not be the real one. At the current price, Bayan...
Jun 20, 2012 | Industries, Mining, News Group
Electricity Generating Plc (EGCO) Group, Thailand’s first independent power producer, has acquired 40% interest in Manambang Muara Enim (MME) coal project for US$197 million. Prospect? Who’s behind Manambang Muara Enim? First of all, this is an ambitious...
Jun 13, 2012 | Industries
China has grown its methanol production capacity from 6.16 million tons in 2003 to 20.6 million tons in 2008 and further up to to 50 million tons per annum this year. Unbelievable! Indonesia, the largest LNG exporter in the world, unfortunately, only has less than 1...
Jun 12, 2012 | Agriculture, Industries, News Group
Recovery of palm oil prices is important for Indonesian economy. Other than being the second largest export earner behind coal with export value of US$17.6 billion in 10 months of 2012, the industry contributed to strong consumption outside Java, especially in Sumatra...
Jun 12, 2012 | Commodities, Industries, News Group
As major coal producers are nervously entering negotiation rounds for 2013 pricing, smaller players are quietly taking away portion of the market. We will see more players, instead of less, entering the market next year onwards with main target markets of China and...
Jun 12, 2012 | Industries, News Group
In contrast to Telkom, Indosat, and XL Axiata, shares of Bakrie Telecom (BTEL) have rocked bottom to a point where it can’t drop further. The stock stayed at Rp50, the lowest quoted price (cushion price) on IDX, for sometime already. We had a chance to talk...
