Sinarmas Coal & SGX Listing
Sinarmas Group is one of key players on Singapore Exchange (SGX). It converted Asia Food & Properties (AFP) into Sinarmas Land, which controls Bumi Serpong Damai (BSDE) and Duta Pertiwi (DUTI) on Indonesia Stock Exchange (IDX). It also has Golden Agri-Resources,...
Watch Out Lanna’s Plans
Lanna Resources reported strong results from its coal operations in Indonesia last year. Coal sales revenue from PT Singlurus Pratama, where Lanna Harita owns 65% interest, surged to almost 5 billion baht last year from less than 1 billion baht in 2009. PT Lanna...
Billy Indonesia & Nickel Smelter (2)
In late 2010, PT Billy Indonesia and Jilin Horoc Non-Ferrous Metal Group from China signed a memorandum of understanding in Kendari, South East Sulawesi province, to build a US$1.9 billion nickel smelting facility in the province. The MoU was signed with South East...
When Poltak Becomes King of Coal
Muhammad Nazaruddin, former treasurer of President SBY's Demokrat Party, has previously been linked to 'coal supply deal' with state-owned electricity firm PLN. Nazaruddin is not alone. We have a long list of politicians and leaders, including high-ranking military...
Coal Journal
Nymex crude oil has recovered to above US$88 per barrel, but coal prices, both thermal and coking, continue the correction. Reports from coal producers overseas might be useful to understand the dynamics. In this report: (1) Winsway Coking Coal, (2) Whitehaven Coking...
Bayan, Kangaroo & Pakar Project
In July 2011, Bayan Resources (BYAN) was a US$9 billion company. Last week, its 'market value' dropped to US$4.2 billion. With less than 25,000 stocks traded daily in the past three months, the price might not be the real one. At the current price, Bayan is valued...
Palm Oil to Detergents
As the largest producer of palm oil, with the potential to double Malaysia’s output in eight years time, Indonesia could become the largest surfactant (detergent and soap raw material) player in the region. COULD, not WOULD. We love to export CPO and PKO only, easy money. We will import environmental-friendly detergent and soap from China.
Coal Journal
As major coal producers are nervously entering negotiation rounds for 2013 pricing, smaller players are quietly taking away portion of the market. We will see more players, instead of less, entering the market next year onwards with main target markets of China and...
Coal Journal
Pressures on coal shares continued worldwide Tuesday (November 6) as Indonesian coal exporters are starting to negotiate with buyers about volume and pricing for 2013 supply. In this report: (1) Indonesia Coal Reference Price, (2) Newcastle Port, (3) Indika Energy,...
Amendment of Oil & Gas Law
Indonesia has been struggling to regain its position as a net oil exporting country. The country lost its membership in OPEC because of declining oil production in one side and growing domestic consumption on the other side. Yet, the Upstream Oil and Gas Regulatory...