by Editor | Aug 28, 2013 | Energy, News, Resources
SINGAPORE (Yosefardi) – Ramba Energy Ltd, controlled by Soeryadjaya family, sees potential oil and gas discovery at Akatara-2 well in the Lemang block, South Sumatra, Indonesia. The Akatara-2 well encountered 20 potential reservoir layers with approximately 800...
by Editor | Aug 28, 2013 | Energy, News, Resources
LONDON (Yosefardi) – PT REA Kaltim Plantation, unit of London-listed R.E.A. Holdings Plc, plans to supply electricity from its biogas-generated power plant in East Kalimantan. REA said that electricity generated from the two methane capture plants commissioned...
by Editor | Aug 28, 2013 | Finance, Global Finance, News
SINGAPORE (Yosefardi) – Supply chain manager and processor of agricultural products Olam International Ltd has completed a US$400 million revolving credit facility for its US subsidiary. The three-year facility was arranged by a group of eight international...
by Editor | Aug 28, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – Shares of coal producers followed the market sentiment in red zone as Nymex crude oil soared 2.4% to US$111.6 per barrel. Indo Tambangraya (ITMG) retreated almost 4%. while Bukit Asam lost 2.81%. These stocks have gained substantially from...
by Editor | Aug 28, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Western Mining Network (WMN) Ltd, an ASX-listed company, has entered into a memorandum of understanding to develop a thermal coal tenement in South Kalimantan, which is 100% owned by CV Rahma. CV Rahma controls a coal concession over 199...
by Editor | Aug 28, 2013 | Agriculture, News, Resources
SINGAPORE (Yosefardi) – Wilmar International Ltd has divested an indirect 95% shares of PT Asiatic Persada to Prima Fortune International Ltd for undisclosed consideration. Wilmar informed Singapore Exchange (SGX) Tuesday that Pacific Rim Palm Oil Ltd and...
by Editor | Aug 28, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) opened lower by 2.8% to 3858 Wednesday (August 28) morning to tracking global market. Peers were also in red zone led by Nikkei 225, which fell almost 2%. Hang Seng also lost 1.51% in the...
by Editor | Aug 27, 2013 | Agriculture, News, Resources
JAKARTA (Yosefardi) – Crude palm oil (CPO) advanced in the futures market Tuesday (August 27). The benchmark November 2013 contracts gained RM9 to RM2443/ton on Bursa Malaysia Derivatives. December 2013 contracts also gained RM14 to RM2439/ton, while September...
by Editor | Aug 27, 2013 | Agriculture, News, Resources
JAKARTA (Yosefardi) – Astra Agro Lestari (AALI) sold 132,000 tons of crude palm oil (CPO) last month, inched up 1.3% only from July 2012. Average monthly price of CPO for July was Rp7068/Kg (net), slightly higher than June (Rp7003/Kg), but significantly lower...
by Editor | Aug 27, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Paramount Mining Corp Ltd has secured $3 million funding facility from its existing long-term shareholders and senior management. Paramount will issue shares up to $3 million by drawdowns of up to $1 million in a calendar month, commencing...
