Tag: Coal
Indonesia’s Bukit Asam, KAI Signs Coal Transport Development
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) and state-owned railways operator, PT Kereta Api Indonesia (KAI) signed Coal Transport Development Framework...
32 Indonesian Miners Proposes Additional Export 21.9MT of Coal
JAKARTA (TheInsiderStories) - A total of 32 coal miners proposed additional production with total amount of 21.9 million tons (MT) of coal by the end of this...
Moody’s Revises ABM Investama’s Outlook to Negative
JAKARTA (TheInsiderStories) - Moody's Investors Service has revised ABM Investama Tbk (P.T.)'s ratings outlook to negative from stable. At the same time, Moody's has affirmed the company's...
Indonesia’s Bukit Asam Keeps Expanding into Downstream
JAKARTA (TheInsiderStories) - Indonesian coal miner PT Bukit Asam Tbk (PTBA) has planned to set up a joint venture company with PT Pertamina, fertilizer producer PT...
Indonesian Gov’t Revises Coal Production to 585 MT in 2018
JAKARTA (TheInsiderStories) - There is a good news for coal miners as the Indonesian government has officially raised the production quota for 2018 by 100...
Indonesia’s Bayan Buys 45% Kangaroo Shares for US$515M
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) will acquired 44.95 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...
Policy Review: Indonesia Plans to Ease DMO for Coal, Potentially Harm...
JAKARTA (TheInsiderStories) - Indonesian government’s consider to ease domestic market obligation policy for coal miners to boost export, said one senior official last week. Currently, the government imposes...
Morning Briefing: Widodo Calls Exporters Bring More U.S Dollar to Indonesia
JAKARTA (TheInsiderStories) - Good morning. Carry out the weakening of Rupiah, Indonesian President Joko Widodo called exporters to bring more U.S dollars to Indonesia to stabilize...
Indonesia’s Adaro to Double Australia’s Kestrel Mine Production
JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) aims to double Kestrel Mine's production to bring the company become one of...
Indonesia’s BUMI Pays Debt US$114.6M
JAKARTA (TheInsiderStories) - Indonesia's coal miner, PT Bumi Resources Tbk (IDX: BUMI) announced has paid its Tranche A Principal
and coupon with total amount US$114.6...
Indonesia’s Param Mitra Coal Backdoor Listing in Singapore
JAKARTA (TheInsiderStories) - Indonesia's Param Mitra Coal Resources (PMCR) has entered into sales and purchase agreement with Singapore's listed firm C&G Environmental Protection Holdings that will...
Adaro, EMR Capital Buy Kestrel from Rio Tinto for US$2.25B
JAKARTA (TheInsiderStories) - Publicly listed coal miner PT Adaro Energy Tbk joint with private equity manager EMR Capital acquired 80 per cent Rio Tinto's coal asset...
Indonesia Caps Coal Prices for Power at US$70
JAKARTA (TheInsiderStories) - The Indonesian Government has decided to cap ceiling price of coal for domestic market obligation (DMO) at US$70 per ton, for...
Indonesia New Coal Price Cap Drags Down Miners Shares
JAKARTA (TheInsiderStories) – The Indonesian government’s decision to set the ceiling price of coal that is sold to the power sector under the so-called...
Energy Ministry to Issue Rulings on DMO Soon as Coal Price...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry will issue Ministerial Decree as well as Ministry Stipulation in the immediate future that give...
Govt Hints at Delaying Implementation of Export Vessel Ruling
JAKARTA (TheInsiderStories) – The Indonesian government on Wed. 21 has hinted it might delay the implementation of the Trade Ministry Ruling Number 82/2017 which...
Indonesia Targets to Produce 485MT Coals in 2018
JAKARTA (TheInsiderStories) - Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the...
Industry Review: Signs of Recovery in Heavy Equipment Industry
JAKARTA (TheInsiderStories) – The heavy equipment industry has been hit hard in the past three years, driven by the fall of commodity prices, in...
Indika Completes Acquisition 45% Kideco Shares
JAKARTA (TheInsiderStories) - Publicly listed coal mining company PT Indika Energy Tbk (IDX: INDY) together with its wholly owned subsidiary, PT Indika Inti Corpindo completed the purchase...
Industry Review : Mood Upbeat in Coal Business
JAKARTA (TheInsiderStories) - Indonesian miners – and in particular coal players - will see improved earnings growth in 2018, driven by a vigorous rebound of coal prices...
Italian Enel Closes Deal to Sell 10% of Bayan Resources
JAKARTA (TheInsiderStories) - Italian Enel SPA through its fully-owned subsidiary Enel Investment Holding B.V.closed a deal for the sale of its 10 percent stake in Indonesian...
Moody’s places Indika’s ratings on review for upgrade on acquisition announcement
Singapore -- Moody's Investors Service has placed on review for upgrade the B2 corporate family rating (CFR) of Indika Energy Tbk (P.T.) (Indika) and the B2...
Indika Buys into Kideco: 45% for US$677 million
JAKARTA (TheInsiderStories) - Indonesian integrated energy company PT Indika Energy Tbk (IDX: INDY) has become a majority shareholder in PT Kideco Jaya Agung, its unit....
