Kategori: Mining

PT Timah (Persero), Tbk (TINS IJ), operates tin mines on Indonesian islands such as Bangka and Karimun, and coastal areas of Sumatra, reported its Bangka and Belitung exploration cost worth IDR135.6bn until September 2017, or 5% higher than same period 2016 worth IDR88.25bn. Those cost consist of operational cost and cost of investment worth IDR92bn.

PT Surya Esa Perkasa, Tbk (ESSA IJ) will issue its 3.5 billion of new share (equivalent to IDR600bn) through the right issue. The proceed will be used bu its subsidiary, namely PT Panca Amara Utama (PAU) in order to finish the ammonia PAU project to support the operational.

PT Medco Energi, Tbk (MEDC IJ) is acquiring 77.68% shares (equivalent to USD129.21mn) of PT Saratoga Power. According to the Deed of Acquisition of Asset, PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the seller this acquisition of all subscribed and paid up capital in PT Saratoga.

PT Elnusa, Tbk (ELSA IJ) is pushing the non asset based contribution, such as engineering services, procurement, construction, operation, and maintenance, to support company’s revenue. For the record, company received a number of projects in the operation and maintenance field during 2017, with some projects located in Papua for five years, and South Sumatra for.

PT Medco Energi Internasional, Tbk (MEDC IJ) reported its revenue worth USD403.53mn in 1H2017, or growth 56% compare to same period last year USD261.48mn. The largest contribution came from foreign customers worth USD289.25mn, and followed domestic customer USD114.28mn. According to revenue, company reported profit increase up to 564.69% from USD12.53mn to USD83.31 during that.

PT Indika Energy, Tbk (INDY IJ), a diversified energy companies with operations in coal mining, coal mining contracting, oil and gas EPC contracting, and power plants, plans to increase its ownership in Kideco. Company will buy an additional 40% share from Samtan Co. Ltd, and 5% from Muji Inti Utama totaling.

PT Mitrabara Adiperdana, Tbk (MBAP IJ) reported its revenue worth USD124.66mn in 1H2017, higher than same period last year USD95.39mn. Despite increase its revenue, company’s successfully maintained the cost of good sold, and sales revenue increased significantly from the buyer. Company reported its cost of good sold worth USD61.92mn in 1H2017, relatively stable compared to.

PT Renuka Coalindo, Tbk (SQMI IJ) targets its revenue up to USD4.38mn in 2017, based on the coal price trend in global has continued to increase. According to company’s statement, its target revenue in 1H2017 declined compared with the realization of revenue in 1H2016, its reported.

PT Medco Energi Internasional, Tbk (MEDC IJ), diversified oil and gas company and is the second largest oil company after the state-owned Pertamina, is issues its Shelf Registration Bond II Phase IV 2017 worth IDR566.50bn. This two series company’s bond will be guaranteed with full commitment, with the A series bond worth IDR415bn tenors 42-month.

PT Adaro Energy, Tbk (ADRO IJ) reported its average selling price (ASP) increased by 42% in 1H2017, compared to same period last year in line with coal market improves amidst stronger global coal price. The company’s revenue USD1.54bn, produced 25.13Mt of coal and sold 25.7Mt of coal during the.