Kategori: Mining

PT Timah (Persero), Tbk (TINS IJ) seeks to raise IDR1.2trn from issue its Shelf Registration Bond I Phase I 2017. The bond consist of two series, and PT Pemeringkat Efek Indonesia (Pefindo) has assigned idA+ rating for this.

PT Resources Alam Indonesia, Tbk (KKGI IJ), through its subsidiary PT Insani Baraperkasa, has spent around USD 1.34 mn for mining exploration in Handil Bakti sub-block area until August 2017. Besides geological mapping and land acquisition, the company also plan to conduct some exploration in other mining blocks, such as Loajanan.

PT Golden Energy Mines, Tbk (GEMS IJ) is allocating its capital expenditure worth USD12mn in 1H2017, prepared for mining operations. While last year’s capex was only USD2mn, amidst company was not too aggressive for expansion and global coal price volatility. Currently, company realized its capex worth USD1mn in 1Q2017 to upgrade crusher and for.

Ketapang Block Operator, is owned by PT Saka Ketapang Perdana by 20% and Petronas 80%, is will drill two new wells in Lapangan Bukit Tua to increse production from 15,000 to 20,000 barrels of oil per day (BOPD). PT Saka Ketapang Perdana is a subsidiary of PT Perusahaan Gas Negara (Persero), Tbk (PGAS IJ). Meanwhile,.

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.