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 7, 2012 | Industries, Mining, News Group
One of interesting deals in mining sector is clearly the one between Malaysia Smelting Corporation (MSC) Berhad and Optima Synergy Resources Limited regarding PT Koba Tin, the second largest tin producer in Indonesia. But, don’t forget to take a look at China...
Apr 3, 2012 | Industries, Mining, News Group
Newcrest Mining Ltd, controlling owner of Gosowong mine—Indonesia’s third largest gold producer behind Freeport and Newmont, has decided to pull out from a partnership with Southern Arc Minerals Inc in the development of Taliwang project in West Nusa...
Mar 10, 2012 | Industries, Mining, News Group
With every passing second, the clock is ticking down to end the term of negotiation team established by President SBY to amend mining contracts. It is less than 14 months from the official target of signing new contracts for companies like Freeport, Newmont, Vale,...
Mar 2, 2012 | Industries, Mining, News Group
Energi Mega Persada (ENRG) closed lower by 1% to Rp198 on Thursday (Feb 2nd). This is 25% below its peak last August, but a 72% gain since early October 2011. Acquisition of Offshore North West Java (ONWJ) block has also contributed to the gain. What’s next? How...
Feb 5, 2012 | Industries, Mining, News Group
PT Kutilang Paksi Mas is partner of PT Shell Indonesia in the supply of diesel fuel to Grati combined-cycle power plant owned by PT Perusahaan Listrik Negara (PLN). The company initially secured a three-year contract in April 2008, but then extended for four more...
Feb 3, 2012 | Industries, Mining, News Group
Government has just released the second list of mining companies with clear and clear status on the licenses issued by local administrations across the archipelago. The list contains 373 licenses, shorter than the first list of 1,500 license holders with clear and...
Feb 2, 2012 | Industries, Mining, News Group
Trikomsel Oke (TRIO) is a giant retailer of ICT products in the country. It is a company with market capitalization of around US$400 million, almost four times its equity. The company booked net profit of Rp213 billion in nine months of 2011, an increase of 36% from...
Jan 9, 2012 | Industries, Mining, News Group
Adaro Energy (ADRO) produced 23 million tons of coal in the first half of 2012, substantially smaller than Bumi Resources (BUMI). Adaro, however, generated sales revenue of US$1.93 billion, just inches below BUMI. While BUMI reported net loss of US$322 million, Adaro...
Jan 9, 2012 | Industries, Mining, News Group
United Tractors (UNTR) is one of key contributors of net profit at PT Astra International (ASII) Tbk. The stock hit the lowest level since October 2011 on Friday, when UNTR dropped to as low as Rp19,850. It finally cut losses to 5.2% only, but that means 40% fall...
