The government and PT Freeport Indonesia have reportedly agreed on divestment of 30% shares by Freeport McMoRan (USA) in the Grasberg mine. The government and PT Weda Bay Nickel, meanwhile, agree to the divestment of 40% shares by Eramet (France) and Mitsubishi...
Borneo Lumbung Energi & Metal (BORN), controlled by Samin Tan, is one of few companies yet to release first quarter 2014 results and full year of 2013 (ended December 2013). Other than payment of interest and principal of loans to banks, it is interesting to see...
Nido Petroleum Ltd gained almost 100% to become a company with market capitalization of A$106.5 million in the past two months. This company has attracted Canadian company MM Asset Management Inc as substantial shareholder. Also in this company: Interra Resources,...
Shares of Robust Resources Ltd, a company listed on the stock exchange of Australia (ASX), collapsed by more than 50% in the period of November 2013 to June 2014, but has since recovered almost 50% following takeover bid launched by Salim Group. Robust controls...
Inpex Corporation, the parent of Inpex Masela Ltd, issued a press release a couple of days ago announcing that it has successfully obtained a license to conduct environmental impact otherwise known as AMDAL from the Indonesian Government for its Abadi LNG project....
Rukun Raharja (RAJA) is one of few natural gas distribution companies in the country that has listed shares on Indonesia Stock Exchange (IDX). It is very small compared to the state-owned Perusahaan Gas Negara (PGAS). RAJA only has market capitalization of US$51...
Minister of finance Chatib Basri has issued Regulation No. 153/PMK.011/2014 on July 25, 2014 about mineral ore export tax to amend Regulation No 6/PMK.011/2014 about mineral ore export tax. The regulation is the third amendment to Regulation No 75/PMK.011/2012 about...
Delta Dunia Makmur (DOID), parent of coal mining contractor BUMA, booked net profit of US$11.33 million in the first half of 2014 against net loss of US$5.83 million in the same period of 2013. ABM Investama, meanwhile, booked net profit of US$4.67 million, crashed...
State-owned miner PT Aneka Tambang (ANTM) Tbk, producer of bauxite, gold, and nickel, booked unaudited sales revenue of Rp3.99 trillion in the first half of 2014, dropped 35% from the corresponding period of 2013 due to mineral ore export ban implemented since January...
Vale Indonesia (INCO), producer of nickel in matte, booked net profit of US$68 million in the first half of 2014, surged by 54% from the corresponding period of 2014. The company’s stock is among the best performers this year with almost 52% of gain. Has the...
