Kategori: Mining

PT Indika Energy, Tbk (INDY IJ)’s bond experienced a 6 times oversubscribed. Bonds worth USD575mn has a coupon rate at level 5.875% and re-offer yield at level 6.125%. The proceeds will be used as one of funding for purchase of an additional 45% stake in PT Kideco Jaya Agung. Bont with a tenor of 7-years.

PT Timah, Tbk (TINS IJ) registered a net profit up to IDR300.57bn in 3Q17, or increase 493.4% compare to same period 2016 worth IDR50.65%. Company had revenue of IDR6.62trn, or increased 44.17% from IDR4.59trn during that period. While the contribution came from metal tin and solder tin sales as much as IDR5.92trn, or increase 38.16%.

PT Indika Energy, Tbk (INDY IJ) plan to acquire PT Kideco Jaya Agung is estimate to be finished by the end of November, with financing will rely on internal cash and directly to Samtan Co. Ltd. Time of payment upon closing of the transaction that is estimated to be November 22, 2017, or another date.

PT Delta Dunia Makmur, Tbk (DOID IJ) records a net profit growth can be attributed to entities throughout 9M17 amounted to 24.08% to USD31.43mn, from USD25.33mn in 9M16. During period January – September 2017, company recorded revenues USD558.48mn or increase 33.52% form USD418.26mn at the same period 2016. In addition, cost of revenue was also.

PT Bumi Resources Minerals, Tbk (BRMS IJ) records a decrease in losses can be attributed to entities of 38.69% to USD92.11mn in 1H17, from USD150.26mn in same period 2016. Company recorded revenue increase 130.41% from USD2.17mn became USD5mn. However, the expense was also increase 157.48% from USD2.54mn became USD6.54mn. As a result, a loss increase.

PT Resources Alam Indonesia, Tbk (KKGI IJ) preparing its capital expenditure worth USD1.5mn to support its coal production target by as much as 3.5 million tonnes in 2018, and still supported by its subsidiary namely PT Insani.

PT Delta Dunia Makmur, Tbk (DOID IJ), through its subsidiary PT Bukit Makmur Mandiri Utama, reported its coal production as much as 3.1 million tonnes in September 2017, compare to August 2017 3.7 million tonnes. Whereas, in August, the company records the highest coal production throughout the current.

After a decade of cooperation with PT Medco Energi Internasiona, Tbk (MEDC IJ), Mitsubishi Corporation is now officially sold off the rest its ownership to PT Medco Daya Abadi Lestari. Mitsubishi Corporation has been selling as much as 1.33 billion Medco Energi’s shares with the price IDR411 per shares on October 18,.

PT Trada Alam Minera, Tbk (TRAM IJ), previously PT Trada Maritime, Tbk, intends to acquire the coal and mining company, made the company changes its main business focus from the cruise to be mining. Company plans to acquire a coal mining company, namely PT Gunung Bara Utama and a mining services company, PT Ricobana Abadi..

PT Bukit Asam, Tbk (PTBA IJ) is obtained fresh fund up to USD600mn, amidst its expansion in electrical projects. At least, there are three power plant projects will be carried out by company in next year. Company were to work PLTU Sumatra Selatan 8 with capacity 2×600 MW, that was previously delayed. While, between Bukit.