by Editor | Oct 20, 2013 | Industries, News, Steel
JAKARTA (Yosefardi) – Pohang Steel Co (Posco) has recently started manufacturing of coke at its integrated steelworks in Cilegon, Banten province, Indonesia as it is getting closer to steel production. Posco joined hands with PT Krakatau Steel (KRAS) Tbk,...
by Editor | Oct 20, 2013 | Election, News, Politics
JAKARTA (Yosefardi) – Recent survey by Indonesian Survey Circle (LSI) shows further decline of Democratic Party’s electability for next year’s election. LSI found the party’s electability as of October 2013 at 9.8%, dropped from 11.7% in March...
by Editor | Oct 19, 2013 | Chemical, Industries, News
JAKARTA (Yosefardi) – PT Medco Ethanol Lampung, a wholly-owned subsidiary of Medco Downstream Indonesia, has suspended its ethanol plant operation due to insufficient supply of feedstock. Medco Ethanol suspended the plant, located in Lampung province, on October...
by Editor | Oct 19, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Foreign investors recorded net sell of Indonesian stocks worth Rp804 billion in the week ended October 18, 2013, expanded from Rp303 billion in the previous week. Composite index of Indonesia Stock Exchange (IDX), however, gained 0.59% in...
by Editor | Oct 18, 2013 | Mining, News, Resources
HONG KONG (Yosefardi) – Martabe gold mine in North Sumatra province poured 75,132 ounces of gold in the third quarter ended September 30, 2013, grew significantly from 70,212 ounces in the previous quarter. Cash cost per ounce of gold poured, meanwhile, declined...
by Editor | Oct 18, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Gosowong gold mine in Halmahera, Maluku produced 71,227 ounces of gold in the quarter ended September 30, 2013, dropped by 23% from the previous quarter. “That was due to the scheduled mining of lower grade stopes in the Kencana and...
by Editor | Oct 18, 2013 | Energy, News, Resources
SYDNEY (Yosefardi) – Peluang gas project in the Maleo gas field, offshore East Java, is on track to produce first gas in the first half of 2014. Santos Ltd, operator of the project, said Peluang project, sanctioned in February 2013, is over 30% complete. The...
by Editor | Oct 18, 2013 | Energy, News, Resources
SYDNEY (Yosefardi) – Santos Ltd sold 6.7 PJ of natural gas from its Indonesian operations in the third quarter ended September 30, 2013, down slightly by 2.9% from the corresponding period of 2012. Third quarter gas entitlement sales also lower than second...
by Editor | Oct 16, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – ASX-listed Finders Resources ltd expects to start copper cathode production at its factory in Wetar Island, Maluku province in December 2013. Finders informed ASX this morning that the earthmoving equipment required for the upgrade and...
by Editor | Oct 16, 2013 | Finance, Global Finance, News
JAKARTA (Yosefardi) – Asian stocks opened mostly in narrow range Wednesday (October 16). Nikkei 225 down 0.11%, while KOSPI composite inched up 0.04%. Australia’s All Ordinaries gained 0.08%, while Singapore’s STI advanced 0.46%. FTSE Bursa Malaysia...
