JAKARTA (Yosefardi) – After ending mixed on Thursday after became focus of buying a day earlier, shares of coal producers attract the buying this morning while broader market sentiment on downside mood.
Bumi Resources Minerals jumped 7.32%, Borneo Lumbung climbed 3.77%, and Berau Coal hiked 4.28%. Bumi Resources also gained 1.92%, Delta Dunia up 0.99%, and Harum Energy increased 0.76%.
While Indika Energy and Adaro Energy fell 1.16% and 1.03% respectively.
Government officers are now disputing whether or not harmonizing royalty rate for coal (read royalty hike for miners operating under Mining Business License/IUP) should be implemented next year.
Energy and mineral resources minister Jero Wacik supports a delay in coal royalty adjustment, while coordinating minister for the economy Hatta Rajasa and finance minister Chatib Basri tend to support the adjustment to be implemented next year.