by Editor | Sep 5, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Finders Resources Ltd said a revised design led to capital reduction of US$34 million for its Wetar Copper project in Maluku province. Finders said this morning that the revised preliminary capital is now US$133 million before contingency....
by Editor | Sep 5, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – ASX-listed Kingsrose Mining Ltd expects gold production from its Talang Santo mine in Sumatra to double to 40,000 ounces per annum next year. The company said development at Talang Santo mine on the Way Linggo project is on track with ore...
by Editor | Sep 5, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Investors continued their rally on oil and gas producer Medco Energi International (MEDC). This morning, the stock advanced 3.74% to Rp2775. MEDC has gained 73% from Rp1600 in early July 2013. Trading volume was substantial with 8.08...
by Editor | Sep 5, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – Shares of coal producer Garda Tujuh Buana (GTBO) plummeted 18.2% Thursday (September 5th) after IDX management resumed its trading. The stock lost Rp400 to Rp1800. The stock collapsed from as high Rp7300 following termination of coal supply...
by Editor | Sep 4, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Shares of Bakrie-related companies gained substantially this morning led by Bumi Resources Minerals (BRMS), which gained 11.2%. More than 180 million shares were traded in the opening hour. Parent Bumi Resources (BUMI) also gained 4.65%...
by Editor | Sep 4, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Shares of retailer Matahari Department Stores (LPPF) dropped 6.7% to Rp10,500 this morning, way below the price paid by around 222 investors in March 2013 placement. Lippo Group and CVC sold portion of Matahari Dept Stores to about 222...
by Editor | Sep 4, 2013 | Agriculture, News, Resources
JAKARTA (Yosefardi) – The benchmark November 2013 contracts of crude palm oil (CPO) opened lower by RM11 to RM2406 per ton on Bursa Malaysia Derivatives this morning. The commodity was traded as low as RM2392 per ton after losing RM9 on Tuesday (Sept 3rd)....
by Editor | Sep 4, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Shares of Indika Energy (INDY) gained another 9% this morning, while subsidiary Petrosea retreated 2.2%. More than 29 million shares were exchanged hands when INDY gained 9% to Rp730 after soaring more than 24% Tuesday. Petrosea also jumped...
by Editor | Sep 4, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – West Wits Mining (WWI) Ltd has proceeded with procurement of a concentrator for its mining activities at the Derewo River gold project in Papua province, Indonesia. “Pre-mining earthworks and site preparation will commence in two to...
by Editor | Sep 3, 2013 | Corruption, News, People
JAKARTA (Yosefardi) – Jakarta Corruption Crime Court has on Tuesday, September 3rd, sentenced 10 years prison for Djoko Susilo, inspector general police, for crimes committed in the procurement of driving simulator for the national police. The sentence is...
