by Editor | Mar 12, 2014 | Mining, News, Resources
JAKARTA (Yosefardi) – Shares of coal producers in the region were mostly under pressure Wednesday (March 12) from falling thermal coal prices. China Shenhua, one of the world’s largest coal producers, dropped further by 2.32% in Hong Kong, while China Coal...
by Editor | Mar 12, 2014 | Energy, News
STOCKHOLM (Yosefardi) – Lundin Petroleum AB has completed exploration drilling of the Boni prospect in the Baronang PSC, Natuna Sea, offshore Indonesia. Drilling of the Boni-1 well reached total depth af 2214m below mean sea level on March 11, 2014....
by Editor | Feb 17, 2014 | Energy, News, Resources
SINGAPORE (Yosefardi) – Goldwater TMT Pte Ltd, subsidiary of Interra Resources Ltd, has commenced drilling of development well TMT-59 at the Tanjung Miring Timur field in South Sumatra, Indonesia. “TMT-59 is being drilled in the east central portion of the...
by Editor | Feb 17, 2014 | Energy, News, Resources
Stockholm (Yosefardi) – Lundin Petroleum AB has commenced the exploration drilling in the Baronang PSC, Natuna Sea, Indonesia using the drilling rig Hakuryu 11. Balqis-01 will be followed by a sidetrack, Boni-01. “Balqis-01 is a wildcat oil exploration...
by Editor | Jan 29, 2014 | Mining, News, Resources
SYDNEY (Yosefardi) – Ministry of forestry has granted an extension to the borrow-use (Pinjam Pakai) forestry permit for the Trenggalek mining license to November 2015, Arc Exploration said. “This allows the company to conduct exploration work on several...
by Editor | Jan 25, 2014 | Finance, Global Finance, News
JAKARTA (Yosefardi) – Dow Jones Industrial Average (DJIA) dropped further by 1.96% to 15879 Friday (Jan 24) on growing fears over China economy and long overdue correction. DJIA rallied from 12,500 in November 2012 to as high as 16,203 late last year or a 29%...
by Editor | Jan 20, 2014 | Agriculture, News, Resources
JAKARTA (Yosefardi) – The benchmark April 2014 contracts of crude palm oil (CPO) recovered RM42 to RM2582 per ton Monday (January 20) after several days of corrections. March 2014 contracts also regained grounds RM26 to RM2571 per ton on Bursa Malaysia...
by Editor | Jan 20, 2014 | Finance, Markets, News
JAKARTA (Yosefardi) – Indonesia Stock Exchange (IDX) has suspended trading in shares of PT Bank of India Indonesia Tbk (BSWD) after surging 129% in the past two weeks. BSWD, previously Bank Swadesi, rallied from Rp710 on January 2nd, 2014 to Rp1625 on Friday,...
by Editor | Jan 18, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Perusahaan Listrik Negara (PLN) has started commercial operation of Duri power plant with installed capacity of 7×16 MW in Pinggir, Bengkalis Regency, Riau Province. Energy ministry said the power plant has started commercial...
by Editor | Jan 18, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – Wartsila Corporation has been awarded a contract to supply engines for the 200-MW Pesanggaran power plant in Bali Island. The order, placed by PT Indonesia Power—subsidiary of PLN, was received in the fourth quarter of 2013. The power...
