Jul 11, 2012 | Industries, Mining, News Group
Canadian Newspaper Financial Post reported few hours ago that Pertamina, Indonesia’s state-owned oil and gas company, might acquire TSX-listed Coastal Energy for US$2.6 billion. The report has lifted Coastal Energy’s share price by 6.32% Tuesday. What is...
Jul 10, 2012 | Agriculture, Industries, News Group
Can you identify which major group does not have oil palm plantation business? Most coal players are also palm oil producers. But, not all palm oil giants are in the coal business. Here we are, four provinces in Kalimantan have issued plantation licenses covering more...
Jul 9, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) failed to tracking broad market sentiments Friday (Sept 7) as the benchmark November contracts ended further down by RM21 to RM2927 per ton. September bids were as low as RM2776, while January 2013 contracts drop to below RM3000. In...
Jul 8, 2012 | Industries, Mining, News Group
If you regularly follow news on major Australian mining companies with Indonesian projects, the name of Taurus Funds Management might be not that strange. Taurus Fund is an Australian global fund manager specializing in mining and related industry investment. The fund...
Jul 8, 2012 | Industries, Mining, News Group
Shares of PT Exploitasi Energi Indonesia (CNKO) Tbk surged 11.5% to Rp194 Monday (Aug 6) as the company kicked off the issue of 5.4 billion new shares at Rp500 per share to raise Rp2.7 trillion. About 99.97% of the proceeds will be used to acquire EBI, which...
Jul 7, 2012 | Industries, Mining, News Group
We have seen broad market sentiment behind recovery of IDX composite in the past three weeks. For the week ended July 6, IDX composite gained 2.52% to 4,055. Foreign investors have returned to net buy of Indonesian stocks for two consecutive week. For the week ended...
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...
