Monday, 23 Jan 2012
It is reported that PT Bumi Resources Minerals Tbk, a non-coal mining unit of coal giant PT Bumi Resources Tbk is set to start iron ore production in Mauritania after securing exploitations permit from the West African government.
Mr Kenneth Farrell CEO of Bumi Minerals said the concession is expected see exploitation activities start between March and May this year, with an output of 600,000 tons of iron ore per year.
He said that Bumi Minerals is to boost output to 1 million tons of ore by 2014 in 990 square kilometers area of iron ore. He added that “We were happy to obtain the necessary exploitation permit early this month, adding that the permit was obtained earlier on January 13.”
Bumi Minerals file submitted to the Indonesia Stock Exchange said “In this case, the government of Mauritania has exercised its right. Therefore, its ownership in Tamagot Bumi is 20%.”
Based on the regulation in Mauritania, all concessions that have received exploitation permits are required to divest a 10 percent stake of the respective concession at no cost to the local government prior to commercial productions.
The same regulation also gives the Mauritanian government the right to buy another 10% stake in these concessions for prices agreed by the buyers and sellers.
(Sourced Thejakartapost.com)
Showing posts with label PT Bumi Resources. Show all posts
Showing posts with label PT Bumi Resources. Show all posts
Monday, January 23, 2012
Tuesday, January 3, 2012
PT Bumi is bullish on Indian steam coal demand
Tuesday, 03 Jan 2012
PT Bumi Resources, Indonesia’s largest coal miner by output, is targeting a 14% increase in coal production and sales volume this year on strong demand from India.
Mr Dileep Srivastava investor relations director at Bumi Resources said that the company aimed to have 75 million tonnes of coal production and sales this year, up from an estimated 66 million tonnes in 2011.
Mr Dileep said Bumi Resources expected the coal market to continue strengthening with increasing demand from India and Indonesia, followed by China and other markets.
He said “There will be growth in China still, but it is just nominal growth. The bulk of the growth will come from India because they have a lot of the start up power plants.”
He estimated that 15% of the company’s sales this year would come from India.
Mr Dileep did not elaborate on sales data from India for last year or 2010 but described the potential for the New Year as “significant.”
PT Bumi Resources has a long term contract to supply 10.8 million tonnes of coal annually to TATA Power for two power plants in India, and it is likely to start shipping this year.
(sourced TheJakartaglobe.com)
PT Bumi Resources, Indonesia’s largest coal miner by output, is targeting a 14% increase in coal production and sales volume this year on strong demand from India.
Mr Dileep Srivastava investor relations director at Bumi Resources said that the company aimed to have 75 million tonnes of coal production and sales this year, up from an estimated 66 million tonnes in 2011.
Mr Dileep said Bumi Resources expected the coal market to continue strengthening with increasing demand from India and Indonesia, followed by China and other markets.
He said “There will be growth in China still, but it is just nominal growth. The bulk of the growth will come from India because they have a lot of the start up power plants.”
He estimated that 15% of the company’s sales this year would come from India.
Mr Dileep did not elaborate on sales data from India for last year or 2010 but described the potential for the New Year as “significant.”
PT Bumi Resources has a long term contract to supply 10.8 million tonnes of coal annually to TATA Power for two power plants in India, and it is likely to start shipping this year.
(sourced TheJakartaglobe.com)
Monday, December 12, 2011
Indonesia Stock Movers: Bank Negara, Summarecon Agung, Renuka
Monday, Dec 12, 2011
Shares of the following companies had unusual (JCI) moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the close in Jakarta.
The Jakarta Composite Index rose 0.9 percent to 3,792.15.
Coal producers: PT Bumi Resources (BUMI) , Asia’s largest exporter of power-station coal, gained 1.1 percent to 2,225 rupiah. PT Adaro Energy (ADRO) , the second-largest producer, rose 5 percent to 1,930 rupiah. PT Tambang Batubara Bukit Asam (PTBA) , a state-owned coal producer, gained 1.8 percent to 17,200 rupiah.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 0.2 percent in the week ended Dec. 9, according to the globalCOAL NEWC Index.
PT Bank Negara Indonesia (BBNI) , the third-biggest state-owned bank by market value, rose 1.3 percent to 3,975 rupiah. Bank Indonesia Governor Darmin Nasution told the nation’s commercial lenders to lower borrowing costs as Southeast Asia’s biggest economy looks to domestic consumption to drive growth amid a global slowdown.
PT Renuka Coalindo (SQMI) , an Indonesian coal producer jumped 23.7 percent to 365 rupiah, the highest close since Nov. 30, 2004. Renuka expects to boost annual coal output at its wholly-owned unit, PT Jambi Prima Coal, to at least 1 million metric tons next year, Renuka President Director Ganesh Mane said by telephone in Jakarta on Dec. 9. Jambi Prima, which has begun operating a mine in Jambi province in Sumatra, is producing 50,000 tons to 60,000 tons of coal a month, Mane said.
PT Summarecon Agung (SMRA) , a property developer, gained 4.5 percent to 1,170 rupiah, set for the highest close since Nov. 4. Summarecon may spend 1.3 trillion rupiah ($143 million) in 2012 to fund projects such as a shopping mall, a convention center and a sports club, Investor Daily Indonesia reported, citing President Director Johanes Mardjuki. Mardjuki couldn’t be reached when called at his office.
(sourced Bloomberg)
Shares of the following companies had unusual (JCI) moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the close in Jakarta.
The Jakarta Composite Index rose 0.9 percent to 3,792.15.
Coal producers: PT Bumi Resources (BUMI) , Asia’s largest exporter of power-station coal, gained 1.1 percent to 2,225 rupiah. PT Adaro Energy (ADRO) , the second-largest producer, rose 5 percent to 1,930 rupiah. PT Tambang Batubara Bukit Asam (PTBA) , a state-owned coal producer, gained 1.8 percent to 17,200 rupiah.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 0.2 percent in the week ended Dec. 9, according to the globalCOAL NEWC Index.
PT Bank Negara Indonesia (BBNI) , the third-biggest state-owned bank by market value, rose 1.3 percent to 3,975 rupiah. Bank Indonesia Governor Darmin Nasution told the nation’s commercial lenders to lower borrowing costs as Southeast Asia’s biggest economy looks to domestic consumption to drive growth amid a global slowdown.
PT Renuka Coalindo (SQMI) , an Indonesian coal producer jumped 23.7 percent to 365 rupiah, the highest close since Nov. 30, 2004. Renuka expects to boost annual coal output at its wholly-owned unit, PT Jambi Prima Coal, to at least 1 million metric tons next year, Renuka President Director Ganesh Mane said by telephone in Jakarta on Dec. 9. Jambi Prima, which has begun operating a mine in Jambi province in Sumatra, is producing 50,000 tons to 60,000 tons of coal a month, Mane said.
PT Summarecon Agung (SMRA) , a property developer, gained 4.5 percent to 1,170 rupiah, set for the highest close since Nov. 4. Summarecon may spend 1.3 trillion rupiah ($143 million) in 2012 to fund projects such as a shopping mall, a convention center and a sports club, Investor Daily Indonesia reported, citing President Director Johanes Mardjuki. Mardjuki couldn’t be reached when called at his office.
(sourced Bloomberg)
Monday, October 31, 2011
Indonesia Stocks Movers: Adaro Energy, Garuda, Indosat, Timah
Monday, October 31, 2011
Oct. 31 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.
The Jakarta Composite index fell 1.0 percent to 3,790.85, slid for the first day .
Coal producers: PT Bumi Resources (BUMI IJ), Indonesia’s biggest coal producer, dropped 4.1 percent to 2,350 rupiah. PT Adaro Energy (ADRO IJ), second-largest coal mining company, fell 4.7 percent to 2,025 rupiah.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 0.2 percent in the week ended Oct. 28. Coal prices at the New South Wales port declined to $117.89 a metric ton from $118.10 the previous week, according to the globalCOAL NEWC Index.
Nickel producers: PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, dropped 2 percent to 3,650 rupiah. PT Aneka Tambang (ANTM IJ), the second- biggest, fell 2.2 percent to 1,790 rupiah.
Nickel for three-month delivery dropped 1 percent to $19,700 a metric ton on the London Metal Exchange on Oct. 28 and last traded at $19,400.
PT Buana Listya Tama (BULL IJ), an Indonesian provider of freight transportation services, advanced 4.6 percent to 114 rupiah after the company reported nine-month net income jumped to 250.64 billion rupiah from a year earlier.
PT Garuda Indonesia (GIAA IJ), Indonesia’s biggest carrier, climbed gained 2.3 percent to 445 rupiah as crude oil futures fell for a second day in New York, reducing fuel-cost pressure on the Indonesian airline.
PT Indosat (ISAT IJ), an Indonesian telephone company, rose 1.9 percent to 5,350 rupiah after the company reported nine- month net income rose to 992 billion rupiah ($112 million), from 530.9 billion rupiah a year earlier.
PT Timah (TINS IJ), Indonesia’s largest tin mining company, dropped 1.7 percent to 1,990 rupiah. Fifteen tin producers in Indonesia, the world’s largest shipper, agreed to extend a self- imposed ban on exports until the end of the year to help boost prices. They will seek to widen support for the halt at a meeting this week.
(sourced Bloomberg)
Oct. 31 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.
The Jakarta Composite index fell 1.0 percent to 3,790.85, slid for the first day .
Coal producers: PT Bumi Resources (BUMI IJ), Indonesia’s biggest coal producer, dropped 4.1 percent to 2,350 rupiah. PT Adaro Energy (ADRO IJ), second-largest coal mining company, fell 4.7 percent to 2,025 rupiah.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 0.2 percent in the week ended Oct. 28. Coal prices at the New South Wales port declined to $117.89 a metric ton from $118.10 the previous week, according to the globalCOAL NEWC Index.
Nickel producers: PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, dropped 2 percent to 3,650 rupiah. PT Aneka Tambang (ANTM IJ), the second- biggest, fell 2.2 percent to 1,790 rupiah.
Nickel for three-month delivery dropped 1 percent to $19,700 a metric ton on the London Metal Exchange on Oct. 28 and last traded at $19,400.
PT Buana Listya Tama (BULL IJ), an Indonesian provider of freight transportation services, advanced 4.6 percent to 114 rupiah after the company reported nine-month net income jumped to 250.64 billion rupiah from a year earlier.
PT Garuda Indonesia (GIAA IJ), Indonesia’s biggest carrier, climbed gained 2.3 percent to 445 rupiah as crude oil futures fell for a second day in New York, reducing fuel-cost pressure on the Indonesian airline.
PT Indosat (ISAT IJ), an Indonesian telephone company, rose 1.9 percent to 5,350 rupiah after the company reported nine- month net income rose to 992 billion rupiah ($112 million), from 530.9 billion rupiah a year earlier.
PT Timah (TINS IJ), Indonesia’s largest tin mining company, dropped 1.7 percent to 1,990 rupiah. Fifteen tin producers in Indonesia, the world’s largest shipper, agreed to extend a self- imposed ban on exports until the end of the year to help boost prices. They will seek to widen support for the halt at a meeting this week.
(sourced Bloomberg)
Monday, February 28, 2011
Ancora, Gudang Garam, Enseval Putera: Indonesia Equity Preview
Feb28,2011 7:17AM GMT+0530 By Berni Moestafa- Bloomberg
Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The Jakarta Composite index climbed 0.1 percent to 3,443.53.
Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 4 percent to $131.71 a metric ton in the week ended Feb. 25, according to the globalCOAL NEWC Index.
PT Bumi Resources (BUMI IJ), Asia’s largest exporter of power-station coal, gained 5.4 percent to 2,925 rupiah and PT Adaro Energy (ADRO IJ), Indonesia’s second-biggest coal mining company, advanced 1 percent to 2,475 rupiah.
PT Ancora Indonesia Resources (OKAS IJ): The producer of ammonium nitrate may invest $50 million to $100 million to buy a mine that produces low-quality coal, Investor Daily Indonesia reported, without saying where it obtained the information. Ancora was unchanged at 300 rupiah.
PT Bank Tabungan Pensiunan Nasional (BTPN IJ): Shareholders approved a plan for a five-for-one stock split to boost trading of the stock, the Indonesian bank said in a statement to the stock exchange. Bank Tabungan Pensiunan declined 2.5 percent to 11,950 rupiah.
PT Enseval Putera Megatrading (EPMT IJ): The pharmaceutical distribution company said it plans to raise 300 billion rupiah ($34 million) selling new shares in a rights offer in March. Enseval may sell as much as 428.6 million new shares at 700 rupiah apiece, it said. Enseval fell 5.3 percent to 900 rupiah when it last traded Feb. 21.
PT Gudang Garam (GGRM IJ): The Indonesian cigarette producer will pay an interim dividend of 400 rupiah a share in March, the company said in a statement in Bisnis Indonesia. Gudang Garam declined 1.2 percent to 36,050 rupiah.
PT International Nickel Indonesia (INCO IJ): Indonesia’s biggest producer of the metal said fourth-quarter net income rose to $108.9 million. That compares with a net income of $59.96 million a year earlier, according to data compiled by Bloomberg News. The stock slid 0.5 percent to 4,975 rupiah.
Tags: PT Ancora Indesia Resources, raw material, coal,PT Bank Tabungan Pensiunan National, PT Adaro Energy Tbk
The Jakarta Composite index climbed 0.1 percent to 3,443.53.
Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 4 percent to $131.71 a metric ton in the week ended Feb. 25, according to the globalCOAL NEWC Index.
PT Bumi Resources (BUMI IJ), Asia’s largest exporter of power-station coal, gained 5.4 percent to 2,925 rupiah and PT Adaro Energy (ADRO IJ), Indonesia’s second-biggest coal mining company, advanced 1 percent to 2,475 rupiah.
PT Ancora Indonesia Resources (OKAS IJ): The producer of ammonium nitrate may invest $50 million to $100 million to buy a mine that produces low-quality coal, Investor Daily Indonesia reported, without saying where it obtained the information. Ancora was unchanged at 300 rupiah.
PT Bank Tabungan Pensiunan Nasional (BTPN IJ): Shareholders approved a plan for a five-for-one stock split to boost trading of the stock, the Indonesian bank said in a statement to the stock exchange. Bank Tabungan Pensiunan declined 2.5 percent to 11,950 rupiah.
PT Enseval Putera Megatrading (EPMT IJ): The pharmaceutical distribution company said it plans to raise 300 billion rupiah ($34 million) selling new shares in a rights offer in March. Enseval may sell as much as 428.6 million new shares at 700 rupiah apiece, it said. Enseval fell 5.3 percent to 900 rupiah when it last traded Feb. 21.
PT Gudang Garam (GGRM IJ): The Indonesian cigarette producer will pay an interim dividend of 400 rupiah a share in March, the company said in a statement in Bisnis Indonesia. Gudang Garam declined 1.2 percent to 36,050 rupiah.
PT International Nickel Indonesia (INCO IJ): Indonesia’s biggest producer of the metal said fourth-quarter net income rose to $108.9 million. That compares with a net income of $59.96 million a year earlier, according to data compiled by Bloomberg News. The stock slid 0.5 percent to 4,975 rupiah.
Tags: PT Ancora Indesia Resources, raw material, coal,PT Bank Tabungan Pensiunan National, PT Adaro Energy Tbk
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