by Yohanes Obor | Nov 30, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Pertamina Geothermal Energy (PGE) allocate capital expenditure (capex) of US$644 million for funding its operation and business development next year. Irfan Zainuddin, president director of PGR, said the capex will fund the existing...
by Yohanes Obor | Nov 25, 2015 | Energy, Featured, News, Resources
JAKARTA (Yosefardi) – State oil and gas company PT Pertamina allocates capital expenditure (capex) of US$6 billion for 2016, higher than 2015 capex of US$4.4 billion as the company has new projects both upstream and downstream. Of total capex for 2016, upstream...
by Yohanes Obor | Nov 24, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – Coal miner PT Berau Coal Energy Tbk (BRAU) plans to launch tender offer for buying back its bond worth Rp12.35 trillion. The bonds consist of Guaranteed Senior Secured Notes US$450 million (Rp5.85 trillion), issued by Berau Capital...
by Yohanes Obor | Nov 23, 2015 | Mining, News, Resources
HONG KONG (Yosefardi) – G-Resources Group Limited has early this month entered into the sale and purchase agreement with Top Gala and ARS (buyers), as well as SubCo and TopCo in respect of the disposal of G-Resources’ interest in the Martabe Mine and certain of...
by Yohanes Obor | Nov 20, 2015 | Mining, News, Resources
CALGARY (Yosefardi) – Pan Orient Energy Corp. spent capital expenditures (capex) of US$8.7 million in Indonesia during the first nine months of 2015. Capital expenditures of $0.3 million at the East Jabung PSC were for permits and fees at the Anggun Prospect prior to...
by Yohanes Obor | Nov 17, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – Government targets to auction Umbulan water project (East Java) in December this year, starting construction next year. This project has gained principal permit and Viability Gap Fund (VGF) (Rp830 billion) from the finance ministry and...
