Jan 7, 2014 | Industries, Mining, News Group
Speculation continues on what the government will do to keep allowing export of minerals without necessarily being considered violating Law No 4/2009 about Mineral and Coal. Afraid of short-term impacts on trade balance and job market, the government will likely...
Jan 7, 2014 | Industries, Mining, News Group
Pertamina said domestic consumption of LPG will grow further to around 6.1 million tons this year. At average price of US$805 per ton, we are talking about US$4.9 billion business per annum here. Pertamina’s own production is only 560,000 tons per annum or about...
Jan 7, 2014 | Industries, Mining, News Group
Most people, including President SBY and some lawmakers, blame Pertamina, the state-owned company, for its decision to raise liquefied petroleum gas (LPG) for 12-Kg cylinders. Most of them missed the big picture of those who enjoy hefty profits from supplying LPG to...
Jan 7, 2014 | Industries, Mining, News Group
Kerosene-to-gas conversion program initiated by then vice president Jusuf Kalla can be considered a ‘success’ in saving the country from higher deficit in oil and gas trading. Most people now use liquefied petroleum gas (LPG) for cooking with price range...
Oct 8, 2012 | Industries, Mining, News Group
Most coal producers reported weaker performance in the first half of 2012. Some even reported losses, including Bumi Resources and Berau Coal Energy. Indo Tambangraya Megah (ITMG), however, reported solid performance in the period. The following tables might be...
Sep 10, 2012 | Industries, Mining, News Group
Shares of Intrepid Mines (IAU) Ltd gain only 1.25% Tuesday (Oct 9) on ASX despite significant copper and gold upgrade for the Tumpangpity prospect in the Tujuh Bukit gold project, Banyuwangi, East Java. With the upgrade, Tujuh Bukit has copper and gold reserves twice...
Sep 1, 2012 | Industries, Mining, News Group
Indonesia shipped out 312 million tons of coal last year. The data is limited to those reporting their export or whose export were recorded. As of last month, total coal production plan for 2013 submitted to energy and mineral resources ministry has approached 500...
Aug 10, 2012 | Industries, Mining, News Group
Statements from Garibaldi Boy Thohir, CEO of Adaro Energy (ADRO), about possible higher coal demand from Japan failed to cheer up investors. Adaro lost 1.37%. Still, it is better than Bumi Resources, which lost 4.23%, or Borneo Lumbung (-3.7%). In this report: (1) JAT...
Aug 8, 2012 | Industries, Mining, News Group
Intrepid Mines (IAU) Limited retreated 12% on ASX Wednesday as uncertainties linger on the future of its ‘economic interest’ in the prospective Tujuh Bukit gold-copper-silver project in East Java. Also in this report: (1) Sumatra Copper & Gold, (2) Arc...
