GEMS saw 5% correction in net profit in H1 2024
23 Aug 2024 10:10
PT Golden Energy Mines Tbk (GEMS), a trading and mining company under Sinarmas Group, recorded net profit of USD 316.9 billion in the first half (H1) of 2024.
At default, Pefindo lowered ZINC’s bond rating
20 Aug 2024 14:42
Pemeringkat Efek Indonesia (Pefindo), a domestic rating agency, has lowered the rating of Bond I Year 2018 issued by PT Kapuas Prima Coal Tbk (ZINC) to “idD” from the previous “idCCC”.
Xolare RCR Energy secures hauling road extension contract worth IDR 49 billion
09 Aug 2024 08:37
PT Xolare RCR Energi Tbk (SOLA), an asphalt manufacturer and distributor, has signed a contract of an extension of hauling road for coal phase 1, spanning 5 km in South Sumatra.
Resources Alam Indonesia’s net profit grew 9.2% in the first half
07 Aug 2024 10:33
PT Resources Alam Indonesia Tbk (KKGI) booked net profit of USD 23.3 million in the first half (H1) of 2024, up 9.2% year-on-year (yoy) from the same period last year.
Reaching profitability, Alfa Energi bagged IDR 18.45 billion in H1 2024
06 Aug 2024 10:00
PT Alfa Energi Tbk (FIRE), a coal mining company, booked net profit of IDR 18.4 billion in the first half (H1) of 2024.
Indika Energy’s net profit plummeted 76.6% in the first half
01 Aug 2024 12:53
PT Indika Energy Tbk (INDY) only managed to record net profit of USD 21.01 million in the first half (1) of 2024, down 76.6% year-on-year (yoy) from the same period last year.
Bukit Asam’s revenue up 4.14% in the first semester of 2024
01 Aug 2024 11:10
PT Bukit Asam Tbk (PTBA) booked revenue of USD 19.64 million throughout the first half (H1) of 2024, increasing 4.14% year-on-year (yoy) from the same period last year.
RMKO to manage Gorby mining facility project worth IDR 61 billion
23 Jul 2024 15:12
PT Royaltama Mulia Kontraktorindo Tbk (RMKO) has resumed its partnership with PT Atlas Resources Tbk (ARII) to develop and operate the mining facility of PT Gorby Putra Utama (GPU).
PTBA and BRIN start on processing coals for Li-ion battery materials
17 Jul 2024 20:17
PT Bukit Asam Tbk (PTBA), a part of state-owned mining holding (MIND ID), is starting a pilot project with National Research and Innovation Agency (BRIN) to convert coals to artificial graphite and anode sheet, two of raw materials of Lithium-ion (Li-ion) battery.
Transcoal Pacific to divest 1 vessel for USD 7.5 million
10 Jul 2024 22:04
PT Transcoal Pacific Tbk (TCPI), a company engaged in the shipping industry, has signed a Memorandum of Agreement (MoA) with a Hong Kong company for asset divestment, selling off 1 unit of mother vessel (MV).