PTBA Immediately Finalizes the Magic Coal Project Option to Become a DME

Jakarta, CNN Indonesia – Ministry of Energy and Mineral Resources revealed that PT Bukit Asam (Persero) Tbk (PTBA) is still finalizing project options that aim to change coal to be metoximethane (dimethyl ether/ DME). This project is carried out in order to reduce imports of liquefied natural gas (Liquified Petroleum Gas/ LPG). “Currently, Bukit Asam has […]

No heating at minus 15 degrees!In order to meet environmental protection requirements, the Shanxi government demolished people’s coal stoves

The Linfen city government in Shanxi forcibly demolished people’s coal stoves and confiscated coal and firewood used by people for heating. (Photo/Retrieved from Linfen Ecological and Environmental Protection Bureau) A+ A- Recently, some mainland netizens broke the news that in order to meet the “environmental protection requirements,” the Linfen city government in Shanxi demolished coal […]

Scooping Coal Stocks! Jumping High When IHSG Red

Jakarta, CNBC Indonesia – Coal stock prices shot up again in today’s trading, although the reference index for the local stock exchange, namely the Composite Stock Price Index (IHSG), was observed to have dropped 0.48%. The rise in coal stocks is not far from bmanynya good news that has been a catalyst for coal stocks […]

BUMI Shares To The Moon! Because of Lo Khen Hong’s photo going to the mine?

Jakarta, CNBC Indonesia – The majority of giant coal stocks were corrected in today’s trading, however, one issuer is a particular concern for market players. It was PT Bumi Resources Tbk (BUMI) that managed to fly amid the decline in other diamond stocks. BUMI managed to accelerate 20.34% to the level of Rp 71 / […]

Global Demand Raised, December HBA Raised to US $ 59.65 / Ton

Jakarta, CNBC Indonesia – Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif set the reference coal price (HBA) in December 2020 to increase to US $ 59.65 per ton from US $ 55.71 per ton in November 2020. The Head of the Communication Bureau, Public Information Services and Cooperation (KLIK) of the Ministry of […]

‘Corruption’ Coal Shares, Have Not Stop Flying High

Jakarta, CNBC Indonesia– Coal stock prices shot up again in today’s trading as the reference index for the local bourse, namely the Jakarta Composite Index (JCI), shot up 1.70%. Even though it had dropped into the red zone due to the Governor of DKI Jakarta who was reportedly positive for Covid-19, the JCI was able […]

Cuan! Coal Stocks Skyrocket, The Tycoon Is Getting Rich …

Jakarta, CNBC Indonesia – The price of black gold commodity, namely coal, rose 17% throughout November 2020. Positive sentiment surrounds coal companies in Indonesia. Not to mention, there is news that China is committed to buying 200 million tons of Indonesian coal next year. This will make the Indonesian coal industry more shiny, the owners […]

The projection of Bumi Resources (BUMI) stock movement amid rising coal prices

KONTAN.CO.ID – JAKARTA. Shares of PT Bumi Resources Tbk (EARTH) already touched the price of Rp 71 per share at the close of trading on Friday (27/11) after being asleep for a long time, it became a gocap stock. The increase in BUMI’s share price occurred since Monday (23/11) which closed at the level of […]