Kategori: Mining

DEWA Focus on Mineral Mining. Darma Henwa Tbk (DEWA) began to seriously worked on mineral mining business. Issuers who have been running coal business have now developed a number of mineral mining projects. In 2019, DEWA has achieved contract for.

UNTR: Heavy Equipment Sales Decline. United Tractors Tbk (UNTR) operational activities in coal rose until August 2019. But the sale of the company’s heavy equipment is still declining compared to last year. UNTR subsidiary in the field of.

Ginting Jaya Energi Ready to IPO. As well as, Ginting Jaya Energi (WOWS) is ready to roll out Initial Public Offering (IPO). The plan, WOWS took off 750 million shares or 30.29% of the capital was.

BUMI Optimistic Coal Price. Coal commodity prices have not been fully recovered. However, Bumi Resources Tbk (BUMI) continues to maintain its operational performance optimally. Dileep Srivastava, Director of BUMI,.

TOBA: Keeping Mine Plan. The realization of coal production and sale of Toba Bara Sejahtra Tbk (TOBA) for 1H19 is less than the same period last.

BUMI: Coal Hilirization. Bumi Resources Tbk (BUMI) will diversify its business into the hilirization of coal industry. This is done to increase the selling value of coal. Now the BUMI is conducting feasibility studies. INTP: Coal Price Support Efficiency UNTR: Double Coking Coal Production Coking Coal Better Selling Price Furthermore, the gasification of this coal.

MEDC Performs Synergies with Ophir Energy. Medco Energi Internasional Tbk (MEDC) completed the acquisition process of Ophir.

ITMG: European Market Inefficiencies. At 1H19, Indo Tambangraya Megah Tbk (ITMG) records the growth of revenues up to double digits. Based on the financial reporting data of ITMG as of 30 June 2019, the coal mine issuer grossed USD 892.70 Million, up 10.36% rather than 1H18 then reaching USD 808.90.

INDY: 25% of Non-Coal Income. The fluctuating coal price is the cause of the financial performance of the coal issuers. Indika Energy Tbk (INDY) record a decrease in revenue of 4.6% to USD 1.38 Billion. Whereas in the same period the previous year, INDY recorded a net income of USD 1.44.

INCO: Sales to Vale Canada Limited Fell. Vale Indonesia Tbk (INCO) seems to have not been able to demonstrate a prime performance at 1H19. It is reflected in the financial performance of the company engaged in the mining and processing of this.