Borneo Lumbung FY11
Samin Tan, controlling shareholder of Borneo Lumbung Energi & Metal (BORN), could have sit tight and enjoyed US$200 million of net profit last year. Samin, however, decided to take in US$1 billion loan for the partnership with Bakrie Group at Bumi Plc, Bumi...
India & Our Coal Industry
India is set to surpass China as the largest importer of steam coal this year, analysts predicted. China's import is predicted to decline substantially. All eyes are now on India, not only the pace of coal-fired power plant projects in the country, but maneuvers of...
Agritade Resources & Senamas Energindo
Shares of Agritrade Resources Ltd surged 23.4% to HK$0.58 Friday (Feb 24) on the Hong Kong Stock Exchange related to new financing package for its coal production and sales in Indonesia. Still, the current price is 58% below its peak last year. At the current price,...
Triangle Energy & Pase Block
Last December, Standard Chartered Private Equity (Singapore) Pte Ltd, a wholly-owned private equity arm of Standard Chartered Bank, agreed to make US$10 million investment in ASX-listed Triangle Energy Ltd, which controls the expiring Pase Block in Aceh. How risky is...
Corporate Earnings: BRAU vs HRUM
Harum Energy (HRUM) booked net profit of US$125 million in nine months of 2012, inched up from US$124.4 million in the corresponding period of 2011, mostly due to squeezed margins in the third quarter of 2012 related to falling thermal coal prices. How about Berau...
Coal Journal
Berau Coal Energy (BRAU) lost 4.62% Tuesday (Oct 2) despite its claim that 'no investigation' being commissioned against the company's 'financial irregularities'. The company, like others, has revised down its capital expenditure from US$300 million to US$190 million....
Geothermal: More Attractive Tariff, But…
Minister of energy and mineral resources Jero Wacik has finally signed regulation No, 22/2012 about new benchmark tariff for power generated by geothermal power plants. The new tariffs are substantially higher at the range of US$10-18.5 cents per kWh. This is a...
Coal Industry: Overcrowded & Underreported
Last year, energy and mineral resources ministry predicted Indonesia's coal production would grow 1.5% this year to 332 million tons. That equals to an additional output of 5 million tons from its estimated 2011 output. These numbers were clearly way below the...
China Investments in Indonesian Smelters
Pretty much as predicted, Indonesia's largest bauxite ore exporter PT Cita Mineral Investindo (CITA) Tbk, a company controlled by Lim Haryanto family, has entered into a joint venture agreement with Chinese company for bauxite processing in Indonesia. How about...
Arun Gas Assets & Aceh Politics
Elections of governor, regents, and mayors in Aceh province have to be postponed three times. The most recent schedule is April 9, 2012. This election is important for various reasons, including the race to control oil and gas assets in Arun. The governor election is...