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...
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
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...
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...
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...
