Apr 20, 2012 | Commodities, Industries, News Group
Bhakti Coal Resources (BCR), controlled by Harry Tanoesoedibjo family, claimed to have started commercial coal production at two of its coal mines. One of them reportedly produced 90,000 tons per month, while the other one 100,000 tons per month. How about AKR, Salim,...
Apr 12, 2012 | Commodities, Industries, News Group
Some people, including major coal players, believe falling prices have prevented smaller players from continuing production. They expect that would lead to a new balance in supply-demand. Unfortunately, that might not be the case. In this report: (1) Killara...
Apr 12, 2012 | Industries, Mining, News Group
For some, gold is GOD. It stays above US$1,700 per ounce. Gold producers in Indonesia could produce gold with cash cost of less than US$700 per ounce. Gold is good, they say. They keep searching for gold in the archipelago from Miwah, Aceh (East Asia Minerals Ltd) to...
Apr 12, 2012 | Industries
In the past few hours, we read lots of statements from Pertamina CEO Karen Agustiawan related to the state oil and gas company’s intention to become the largest player in Indonesian petrochemicals. The company entered into two major partnerships. First with...
Apr 10, 2012 | Agriculture, Industries, News Group
Tiran Group plans to build two sugar mills with investment cost of around US$415 million in South Sulawesi. The group claimed to have acquired 7,000 hectares land for sugar cane plantation. The group plans to produce 200,000 tons per annum of sugar to serve consumers...
Apr 10, 2012 | Industries, Market, News Group
Bank Tabungan Negara (BBTN) has finally kicked off the issue of 1.51 billion new shares (rights issue) at Rp1000-1400 per share to raise up to Rp2.12 trillion. The government, which currently owns 71.85% shares, will not exercise its rights. That means the...
Apr 9, 2012 | Industries, Mining, News Group
Gold price advanced closer to US$1,700 per ounce Tuesday (Sept 4). At this price, most gold producers could still make a lot of money, especially those in Indonesia. In this report: (1) Kingsrose & Way Linggo mine, (2) G-Resources & Martabe mine, (3)...
Apr 9, 2012 | Commodities, Industries, News Group
Bumi Resources (BUMI) and Berau Coal Energy (BRAU) plummeted 12.16% and 15.32% respectively to their new lows Tuesday (September 4). Other coal stocks were also in red, but with substantially smaller losses. Tired of speculating on these two? In this report: (1)...
Apr 9, 2012 | Industries, Market, News Group
It is almost three years since RHB Capital Berhad entered into a conditional sale and purchase agreement with PT Mestika Benua Mas to acquire 80% shares in Bank Mestika Dharma for a total cash consideration of Rp3.12 trillion. Both parties have extended the completion...
Apr 8, 2012 | Industries, Market, News Group
Bank Mandiri (BMRI) is the biggest bank in Indonesia by assets. Today, however, the bank is also the biggest bank by market capitalization, ahead of Bank Central Asia. Mandiri shares gained 23% year-to-date, while BCA slipped 3.8%. Bonus for directors and...
