Sumalindo: Trees are Gone, Dig Some COAL
PT Sumalindo Lestari Jaya (SULI) Tbk is one of few forestry companies listed on Indonesia Stock Exchange (IDX). Some, including Resource Alam (KKGI), have left timber business to dig up coal. Sumalindo has yet to surrender the timber business, but starts to dig for...
Jhonlin Baratama, Haji Isam & Pressures
PT Jhonlin Baratama is one of companies controlled by Haji Andi Syamsuddin AKA Haji Isam in South Kalimantan. Jhonlin has expanded its business into airline, rubber plantation, and shipping. The group and the owner have been under pressures in the past three years....
Junior Coal Players
Forget about dispute between Rothschild and Bakrie/Samin Tan for a while. Let's talk about progress of some junior coal players in the country, whose combined output might be bigger than old players like KPC, Arutmin, and Berau in the coming years. In this report: (1)...
Coal Journal
Coal-related shares opened mixed in the region this morning. Bukit Asam, Bumi Resources, Harum Energy, and ABM Investama were in red zone, while Borneo Lumbung and Indo Tambangraya gain more than 1%. In this report: (1) Newcastle Port weekly report.... NEWCASTLE PORT:...
Coal Journal
Nymex crude oil declined substantially to US$84.7 per barrel Friday (Nov 2). This will cut fuel cost of coal miners, but at the same time delays recovery in thermal coal prices. In this report: (1) Garda Tujuh Buana, (2) Astra Group, (3) Atlas Resources, etc. GARDA...
Coal Stocks, How Low Will They Go?
China Shenhua is one of the largest coal producers in the world. It has market capitalization of HK$531 billion. The company has lost 33% its value since July 2011, including 4% fall on Wednesday (Sep 5). China Coal Energy, another giant with market cap of HK$82.5...
China Qinfa & Indonesian Operation
China Qinfa Group Limited is a leading non-state coal player in China. The company has just issued a profit warning for its first half 2012 results. The company's not profit is expected to be significantly less than the profit it booked in the corresponding period of...
CNR-Yiwan Mining Deal & State Losses
Five years ago, S.E.A Mineral, an indirect wholly-owned subsidiary of China Nickel Resources (CNR) Holdings Co Ltd and Yiwan Mining (holder of Kalimantan concession) entered into an exclusive iron ore off-take agreement for 14 years (January 2021), which has been...
Agritrade-Senamas Deal: Transfer Pricing?
On June 4th, 2012, PT SEM entered into coal supply agreement with Agritrade International, pursuant to which PT SEM agreed to supply and Agritrade International agreed to purchase 400,000 tons of coal per annum. Why Indonesian authorities, energy ministry and Tax...
Salim & The Making of a Mining Empire
This is a continuation of our earlier article about Indomobil and the New Astra. In this article, however, we will focus more on mining assets of Salim Group in the country and overseas. Market players were speculating of possible initial public offering (IPO) of...