Kategori: Mining

PT Vale Indonesia, Tbk (INCO IJ)’s production of nickel matte is continues to rise, since its production in 3Q17 higher 0.28% than compared to previous quarter. During 3Q17, company producing the nickel matte as much as 20,163 metric tons, while in 2Q17 as much as 20,107 metric tons. The approximate of production year 2017, were.

PT Energi Mega Persada, Tbk (ENRG IJ) is losing its assets that exists in Mozambique, since its participating interest in Buzi Block disturbed. Management contract of the block ended this year, but Mozambique government is precisely not to extend the contract. For the record, Energi owns 75% stake of Buzi Block in in the year.

PT Indika Energy, Tbk (INDY IJ)’s plan to acquire PT Kideco Jaya Agung, amidst consent solicitation from company’s bondholder worth USD500mn which will be due in 2023. As much as 97.1% of bondholders are agree to company’s plan to acquires 45% of Kideco, the third-largest coal producer in Indonesia. For the record, the acquisition funds.

PT Kapuas Prima Coal, Tbk (ZINC IJ) is preparing a number of expansion, such as in the region of Central Kalimantan since company had a considerable land there. Currently, company used land only 390 Ha, or only 7% from its total permission, clean and clear land up to 5,569 Ha. Company is produced 60,000 tonnes.

PT Aneka Tambang (Persero), Tbk (ANTM IJ), a diversified metal mining company in Indonesia, realized its right issue fund worth IDR687.17bn until September 2017, from totaling worth IDR5.35trn. Company is already utilized fund for Halmahera feronickle factory phase 1 project worth IDR686.89, and working capital.

PT Kapuas Prima Coal, Tbk (ZINC IJ)’s stock price increased up to level IDR238 per share, or 70% at the opening of its first day on October 17, 2017. Issuer coded ZINC noted on the Development Boad, has the initial offer price at IDR140 per share. Company release its 550 million shares or equivalent to.

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.