JAKARTA (Yosefardi) – Shares of coal producers opened further lower Tuesday (August 20) morning led by 10.2% fall of coking coal producer Borneo Lumbung Energi (BORN).
BORN is partner of Bakrie Group at Bumi Plc, owner of 28% shares in Bumi Resources (BUMI). BUMI also lost 4.6% to its all time low.
Adaro Energy, the second largest coal producer, plummeted 4%, while Harum Energy and Indo Tambangraya collapsed 4.6% and 4% respectively.
Indika Energy, co-owner of Kideco Jaya Agung, once joined positive territory, but then returned to red with almost 2% fall.
Mining contractors Delta Dunia, Petrosea, and United Tractors were all in negative zone.