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United Tractors’s Martabe Gold Mine Acquisition worth USD917.9Mn

By administrator | August 10, 2018 | Infrastructure Transportation.

The plan of United Tractors Tbk (UNTR IJ) soon had its own mines, post acquisition of 95% share through takeover agreement of Agincourt Resources Pte Ltd in Agincourt Resources of worth around USD917.9Mn. The subsidiary of Asta International, Tbk (ASII IJ), United Tractors will take over.

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Goldmine Support United Tractors’s Prospect

By administrator | August 10, 2018 | Infrastructure Transportation.

United Tractores, Tbk (UNTR IJ) has a new business after acquiring a gold mine at Martabe, North Sumatra. This new business, will add to the prospect of United Tractors in the stock price. The company acquired the Martabe gold mine through its subsidiary, namely Danusa Tambang.

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Bukit Asam’s Net Profit Increase 50%

By administrator | July 24, 2018 | Mining.

The performance of Bukit Asam, Tbk (PTBA:IJ) still good, since the trend of rising coal prices and company’s efficiency. In 1H18, Bukit Asam record revenue of IDR10.53Trn, increase 17% compared the same period of the last year,.

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Mahaka Radio Integra’s Net Income Growth 15.2% in June 2018

By administrator | July 24, 2018 | Mining.

Net income of Mahaka Integra Radio, Tbk (MARI:IJ) growth 15.20% 1H18. These coal mines company recorded a net income of IDR66.91Bn during the first six months of 2018. On the other hand, company’s profit down 19.88% to IDR17.731Bn in the same period in last year. In June last year, its profits reached.

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ABM Group is Exploring Partners from Various Countries

By administrator | July 13, 2018 | Infrastructure Transportation.

Sumberdaya Sewatama, the subsidiary of ABM Investama (ABMM:IJ) is exploring strategic partners from various countries such as Bangladesh, Japan, Vietnam, and Africa, a a form of business segment expansion implementation. The company is planning to build a build on transfer (BOT) cooperation with a Bangladesh.

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Borneo Olah Sarana to Buy Heavy Equipment Values IDR114Bn

By administrator | July 11, 2018 | Mining.

Borneo Olah Sarana Sukses, Tbk (BOSS:IJ) plans to add more heavy equipment in August 2018 that will value in IDR114Bn transaction. The company targets 500,000 tonnes of coal production in FY18, increase from 200,000-300,000 tonnes of coal realization in.

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Atlas Resources New Mines Started to Produce

By administrator | July 10, 2018 | Mining.

Production of the new mining land use Atlas Resources, Tbk (ARII:IJ) located in the area of Banyan Koalindo Lestari (BKL) already started since early July 2018. Banyan Koalindo Lestari will begin shipping in August 2018, since company start its production this month. For the first production of the targeted 500-700 tons, since Banyan Koalindo Lestari.

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Bukit Asam’s Capex Allocation of IDR6.5Trn in 2018

By administrator | December 15, 2017 | Mining.

Bukit Asam, Tbk (PTBA:IJ) has prepared a variety of expansion for next year, such as coal and power plant development. While, the source of capital expenditure (capex) funding will be combined between cash loans from other parties, since the company will.

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Samindo Resources’s Capex to Increases 343%

By administrator | December 13, 2017 | Mining.

Samindo Resources, Tbk (MYOH:IJ) allocates USD13.8Mn capital expenditure (capex) in FY18. One of the factor causing capex surge was due to the acquisition of Indika Energy, Tbk (INDY:IJ) on Kideco Jaya Agung. Indika asks Kideco to produce more coal in FY18 while at the same time, Kideco became.

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Kideco Contract Extension to Samindo Resources Until 2023

By administrator | December 12, 2017 | Mining.

Samindo Resources, Tbk (MYOH:IJ) through its four subsidiaries get contract extension from Kideco Jaya Agung. The contract figure are rock removal, coal production, coal transportation, and drilling. The company subsidiary, namely SIMS Jaya Kaltim get rocks moving contracts cover 48 million bank cubic meter (bcm), and coal production 10 million tons. Not only that, other.

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