May 9, 2012 | Commodities, Industries, News Group
China Shenhua is one of the largest coal producers in the world. It has market capitalization of HK$531 billion. The company has lost 33% its value since July 2011, including 4% fall on Wednesday (Sep 5). China Coal Energy, another giant with market cap of HK$82.5...
May 9, 2012 | Industries, Mining, News Group
The government has awarded one conventional oil and gas block and four coal-bed-methane (CBM) blocks to various companies on Wednesday, September 5, 2012. Some of the winners are old names like Ephindo-Star Energy or Dart Energy International Pte Ltd. But, there are...
May 8, 2012 | Commodities, Industries, News Group
China Qinfa Group Limited is a leading non-state coal player in China. The company has just issued a profit warning for its first half 2012 results. The company’s not profit is expected to be significantly less than the profit it booked in the corresponding...
May 6, 2012 | Commodities, Industries, News Group
Five years ago, S.E.A Mineral, an indirect wholly-owned subsidiary of China Nickel Resources (CNR) Holdings Co Ltd and Yiwan Mining (holder of Kalimantan concession) entered into an exclusive iron ore off-take agreement for 14 years (January 2021), which has been...
May 6, 2012 | Commodities, Industries, News Group
On June 4th, 2012, PT SEM entered into coal supply agreement with Agritrade International, pursuant to which PT SEM agreed to supply and Agritrade International agreed to purchase 400,000 tons of coal per annum. Why Indonesian authorities, energy ministry and Tax...
May 3, 2012 | Commodities, Industries, News Group
This is a continuation of our earlier article about Indomobil and the New Astra. In this article, however, we will focus more on mining assets of Salim Group in the country and overseas. Market players were speculating of possible initial public offering (IPO) of...
May 3, 2012 | Industries, News Group
Indosat (ISAT) is the second telecommunication company that has released 2011 financial results. The company booked net profit of Rp835 billion, increased 29% from 2010, while sales revenue inched up 3.9% to Rp20.6 trillion. The company’s performance weakened...
May 3, 2012 | Commodities, Industries, News Group
Iron ore contract prices are expected to remain at the current levels in the range of US$120-140 per ton FOB for the foreseeable future. How come that Yiwan Group, which sold over 1 million tons of iron ore in 2010 only generated turnover of RMB172 million? How much...
May 1, 2012 | Commodities, Industries, News Group
Borneo Lumbung’s Samin Tan reportedly plans to acquire Bumi Resources Minerals (BRMS) from Bumi Resources (BUMI). It was Bumi Plc, which initially planned to acquire BRMS. We all know what happened in the past few months. Borneo Lumbung is now partner of Bakrie...
