Spending USD 239 million, INDY to secure returns from gold mine in 2026
20 Nov 2024 14:06
PT Indika Energy Tbk (INDY) is still grappling with challenges in its non-coal business diversification as of the first nine months (9M) of 2024.
After coal mine divestment, Indika Energy won't likely to reach 2024 target
20 Nov 2024 11:59
PT Indika Energy Tbk (INDY) admits that its performance at the end of 2024 will not be as brilliant as last year, especially after the divestment of its coal mine, PT Multi Tambang Jaya Utama (MUTU), which was completed last February.
PTRO is all set for mining service contract worth IDR 4 trillion
06 Nov 2024 17:12
PT Petrosea Tbk (PTRO), a construction and mining service provider company, signed a mining service agreement term sheet between PT Niaga Jasa Dunia (NJD) and PT Bara Prima Mandiri (BPM) last Tuesday (5/11).
No more coal business expansion, UNTR confident on branching out to mineral mining and NRE
18 Sep 2024 14:46
PT United Tractors Tbk (UNTR), an issuer engaged in the mining industry, reasserts its intention to no longer expand its coal mining business and instead direct its focus on diversification to mineral mining and investment in new and renewable energy (NRE).
UNTR to revise Komatsu sales, slightly up to 4500 units
18 Sep 2024 14:15
Despite the normalisation of coal mining industry after sudden surge in commodity price in the past couple of years, PT United Tractors Tbk (UNTR) gains confidence and revises the projection of Komatsu sales to 4500 units.
Coal reserves increase, ITMG eyes production of 20.2 million ton this year
28 Aug 2024 17:29
PT Indo Tambangraya Megah Tbk (ITMG) announces positive result from the latest audit on its coal reserves and resources in several of its mines located in eastern Kalimantan.
Weakening revenue, ITMG’s profit eroded 58%
14 Aug 2024 10:58
The revenue of PT Indo Tambangraya Megah Tbk (ITMG) slipped as far as 19.2% year-on-year (yoy) to USD 1.05 billion at the end of June 2024.
Petrosea and SINI agreed on mining service contract extension
05 Jul 2024 13:57
PT Petrosea Tbk (PTRO) recently signed an amendment of the term sheet of mining service agreement with PT Pasir Bara Prima (PBP), a subsidiary of PT Singaraja Putra Tbk (SINI), last Wednesday (3/7).
Dana Brata Luhur reveals port upgrade plans
08 May 2024 14:35
In order to face the slump in coal industry that took a toll on its performance, PT Dana Brata Luhur Tbk (TEBE) prepares a plan to upgrade the status of its port from special terminal for coals to a Port Business Unit.
Weak coal industry, TEBE readies diversification
08 May 2024 14:03
PT Dana Brata Luhur Tbk (TEBE) recorded a significant decline in revenue in Q1 2024 by up to 42.3% year-on-year (yoy) due to slowing-down of coal industry.
