by Editor | Sep 20, 2013 | News, Newsmakers, People
JAKARTA (Yosefardi) – Gita Wirjawan is said to have tendered his resignation as minister of trade in order to focus on the primary being organized by President SBY’s Democratic Party, Kompas.com reported. Tribunnews.com, meanwhile, quoted Kastorius Sinaga,...
by Editor | Sep 20, 2013 | News, People
SURABAYA (Yosefardi) – About 14 Indonesians have died after drinking new homemade poisonous alcohol in the East Java province. Police have detailed six retailers of the alcohol locally known as ‘cukrik’. While drinking alcohol is considered sinful...
by Editor | Sep 20, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – State-owned investment company PT Permodalan Nasional Madani (PMN) has on September 18, 2013 issued Rp125 billion worth of medium term notes (MTN). The 7th MTN will mature in 18 months with return of 8.3% per annum. PNM is engaged in...
by Editor | Sep 20, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – Western Mining Network Ltd (WMN) has informed PT Persada Bumi Rawas (PBR) that it will proceed with the proposed acquisition of 80% shares of PBR. PBR controls 100% interest in mining business license (IUP exploration) for gold covering an...
by Editor | Sep 18, 2013 | Industries, Logistics, News
JAKARTA (Yosefardi) – A consortium of Apexindo Pratama Duta, Radiant Utama Interinsco, and PT Supraco Lines has secured a contract from Santos ltd for the provision of production barge services for Oyong field in East Java. The contract is related to the...
by Editor | Sep 17, 2013 | Energy, News, Resources
SINGAPORE (Yosefardi) – Ramba Energy Ltd, controlled by Soeryadjaya family, has completed the deepening of the JRR-1 production well at the Jatirarangon TAC block in Java, Indonesia. The well has been deepened to a total depth of around 8,900 feet. The well has...
by Editor | Sep 17, 2013 | Energy, News, Resources
SINGAPORE (Yosefardi) – SGX-listed Asiasons Capital Ltd has entered into agreements to acquire 27.5% shares of Black Elk Energy Offshore Operations LLC for US$171.65 million. Asiasons acquires 9.96 million Class B Units in Black Elk for US$50 million payable...
by Editor | Sep 17, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – ASX-listed Sumatra Copper & Gold Plc prepares a proposed changes at its Tembang gold-copper project in Sumatra related to ongoing volatility in gold and silver markets and changed conditions in credit markets. “The proposed changes...
by Editor | Sep 17, 2013 | Mining, News, Resources
VANCOUVER (Yosefardi) – MicroCoal Technologies Inc has made initial project payment to PT Citicon Energy for the construction of its first coal-upgrading facility in Banjarmasin, Indonesia. PT Citicon is responsible for all aspects of engineering, construction...
by Editor | Sep 16, 2013 | Agriculture, News, Resources
JAKARTA (Yosefardi) – PT Astra Agro Lestari (AALI) Tbk produced 116,300 tons of crude palm oil (CPO) last month, grew slightly from 115,600 tons in August 2012. August output was substantially lower than July (130,900 tons), which was also lower than July 2012...
