Publicly listed coal miner PT Indika Energy has sold US$146.58 million worth of shares in publicly listed engineering services company PT Petrosea as the miner seeks to diversify its business.
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Indonesia is frequently hailed as an emerging market jewel – it is the third fastest growing G20 country and is expected to have the sixth largest gross domestic product by 2030. At the same time, this trajectory is not guaranteed. Without the right priorities, we still stand the risk of falling into the written “middle […]
Read MorePublicly listed coal miner PT Indika Energy, through subsidiary PT Kariangau Gapura Terminal Energi (KGTE), has signed a service agreement worth US$108 million with PT ExxonMobil Lubricants Indonesia (EMLI) to help the latter develop a new fuel terminal Kalimantan.
Read MorePublicly listed coal mining company Indika Energy is back in the black, after being in the red throughout 2016. It recorded a consolidated operating profit of US$8.5 million in the first quarter of 2017, marking a turnaround from a loss of $6.4 million in same period of last year.
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A $265m bond from Indonesia’s Indika Energy met with overwhelming demand and priced at the tightest levels by a miner in Southeast Asia for five years, according to bankers on the deal.
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