JAKARTA (Yosefardi) – Investors focused buying on share of coal producers this morning, mainly shares of PT Bumi Resources Minerals Tbk (BMRS) which gained further 5.7% after its 20% jump on Monday (Sept 23).
Other coal stocks, Indika Energy rose 1.2%, Borneo Lumbung increased 2%, Harum Energy gained 1.57%, Delta Dunia up 1%, and Berau Coal hiked 2.59%. While Bumi Resources and Adaro Energy were flat.
Government officers are now disputing whether or not harmonizing royalty rate for coal (read royalty hike for miners operating under Mining Business License/IUP) should be implemented next year.