Miners ask to delay new trade regulation

The new Trade Ministry Regulation Number 39 Year 2014 recently introduced publicly raises criticisms among the coal miners. Coal mining big players such as IDX-listeds PT Adaro (ADRO) and PT Bukit Asam Tbk (PTBA) asked the government to review the regulation especially its implementation time. Those players’ request meet the likely unanimous opinions of most…

Berau updates the obligation initial purchasers

London-listed Asia Resource Minerals plc (ARMS) stated on Wednesday that the company had selected Barclays, Citigroup and Standard Chartered Bank as initial purchasers of the obligation launched by Berau Capital Resources II Pte. Ltd., a wholly owned subsidiary of PT Berau Coal Energy Tbk (Berau). Optimistically, the best coupons will be released on August 21th…