Aug 6, 2012 | Industries, Mining, News Group
Adaro Energy (ADRO) and Bukit Asam (PTBA), two of top 10 coal producers in Indonesia, have released their financial results for the first quarter of 2012. Adaro posted 11.8% net profit growth to US$121.8 million, while Bukit Asam recorded 14.4% profit growth. Bukit...
Aug 5, 2012 | Industries, Mining, News Group
Last week, energy and mineral resources Jero Wacik defended Chevron, the largest crude oil producer in Indonesia, saying there was no fictitious project related to the use of bioremediation technology for the US company’s operation in Riau. Attorney...
Aug 3, 2012 | Industries, Mining, News Group
Investors responded negatively Government Regulation No. 24/2012. Share prices of ASX-listed mining companies with mining licenses in Indonesia dropped substantially. Two of them gave somewhat opaque statement about implication of the regulation to their Indonesian...
Aug 3, 2012 | Industries, Mining, News Group
Most people talk about dire implication of GR No 24/2012 signed by President SBY two weeks ago on Freeport Indonesia, especially on divestment of at least 51% shares to Indonesian company after 10 years of commercial production. Let’s talk about it later. For...
Jul 11, 2012 | Industries, Mining, News Group
The Supreme Court had reportedly granted, in partial, a request by the Indonesian Nickel Association (ANI) and the Association of Municipality Governments of Indonesia (Apkasi) to have the government amending Energy and mineral resources minister Regulation No 7/2012,...
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 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...
