Kategori: Mining

PT Ancora Indonesia Resources, Tbk (OKAS IJ) acrquired Indotan Lombok Pte Ltd worth USD2mn, to increase Ancora’s economic value for the long-term. On the other hand, the asset will be optimized through synergy among the company’s subsidiary. For the record, Indotan Lombok Pte Ltd has 90% stake in PT Indotan Lombok Barat Bankit, the owner.

PT Golden Energy Mines, Tbk (GEMS IJ) prepared its working capital credit facility worth USD35mn, to support its operational growth. Previously, company has the approval from its shareholders through the extraordinary shareholders meeting (RUPSLB) on September 4, 2017, to submits loan to PT Bank Mandiri (Persero), Tbk (BMRI.

Surya Esa Perkasa, Tbk (ESSA IJ) is planning to issue as much as 3 billion new shares with par value of IDR10 per share, or equivalent up to IDR600bn. The proceed will be used to increase investment in its subsidiary, namely Panca Amara Utama for completion of PAU Ammonia Project, and for operational expenses. Meanwhile,.

Krakatau Steel (Persero), Tbk (KRAS IJ) is preparing the installation of the 1x150MW Steam Power Plant (PLTU) project in mid December 2017. This project is still in the pre-qualification phase, being discussed with the investment committee. The power plant will be used to generate electricity at a low cost as a part of the effort.

Aneka Tambang, Tbk (ANTM IJ), is one of the largest miners in Indonesia, reported its Earnings Before Interest, Tax and Depreciation (EBITDA) worth IDR361.8bn during 1H2017, or higher 35% compared to same period 2016. For the record, the average nickel price at level USD4.55 per pound, and gold at USD1,272 per oz during 1H2017. In.

Ancora Indonesia Resources, Tbk (OKAS IJ) booked a loss of USD5.9mn in 1H2017, from a loss of USD4.2mn at same period last year. The loss to the declining performance of its subsidiary, Multi Nitrotama Kimia (MNK), which produces ammonium nitrate. The company’s gross profit declined by 90% from USD4.2mn in 1H2016 to only USD418,000. Another.

Medco Energi International, Tbk (MEDC IJ) planning to release II continuous bonds tranche V worth IDR1.3trn. This bonds will be offered in 3 series, A series 1-year with 8.75% coupon; B series 3-years with 10.8% coupon; and C series 5-years with 11.3% coupon. The company will use 60% of the funds to pay off both.

There are two new bonds offering this week they are; i) Medco Energi Internasional, Tbk (MEDC:IJ, idA+/Neg) and Bank Syariah Mandiri (BSM, idAA-(sy)/Stable). Medco sets to issue IDR1trn of Shelf Registration Bond II tranche III in which the public offer sets to be held next week on 15-16 Dec.This is the third bond issuance this.

On the primary front, there are three new issuers offering bonds this week; i) Medco Energi, Tbk (MEDC IJ) (idA-/Neg) offering IDR750bn ii) Adira Dinamika Multifinance, Tbk (ADMF:IJ) (idAAA/Sta) targets IDR1trn issuance and iii) Chandra Asri Petrochemical, Tbk (TPIA:IJ, idA+/Sta) at IDR500bn. With these three bonds issuance, total corporate bonds this year will reach a.

On rating action, Pemeringkat Efek Indonesia (Pefindo) has maintained idA+ with negative outlook on Medco Energi Internasional, Tbk (MEDC IJ) amid its more aggressive capital structure following the acquisition of Newmont Nusa Tenggara (NTT). However, the acquisition is expected to positive affect the rating as the company may receive potentially higher cash flow from NTT..