JAKARTA – G-Resource, the mining company that manages the Martabe Gold Mine in the District of Batang Toru, North Sumatra province, the company posted revenue during the second quarter of 2013 amounted to 98.5 million U.S. dollars.
Acquisition performance was bolstered by gold and silver production. President Director of G-Resources Martabe Gold Mine, Peter Albert, in a press statement on Wednesday (31/07/2013), said the company was able to produce above nameplate capacity targets guide the design and revise the company this year.
It shows a variety of operational efficiencies achieved since we began trial production in just 12 months.
“We are proud of the achievement of high performance and dedication of our team during this first year. We will continue to develop Martabe move into one of the leading gold mining in Asia, “he said.
Senior Manager Corporate Communications G-Resource Katarina Hardono, said G-Resource production in the second quarter to reach full operating life of 70 212 ounces of gold and 382,320 ounces of silver.
Catherine explains, benchmark expenditures under budget and will continue to be lowered. Operating cash costs decreased to U.S. $ 510 per ounce during the quarter, due to mining activities and ore treatment plant has exceeded the production target.
Along with a significant increase in production from the previous quarter, the company revised its production target gold guide that will be produced in the year 2013 to 280,000 ounces, exceeding the previous target of 250,000 ounces.
“One year marked the first gold pouring commemorated on July 24, 2013 ago,” he said.
Since the trial began production on July 24, 2012, Martabe Gold Mine has produced over 200,000 ounces of gold and nearly 1 million ounces of silver, so far beyond expectations.
Income earned from the sale of G-Resources gold and silver during the second quarter reached 98.5 million U.S. dollars.
Martabe Gold Mine is located on the west side of the island of Sumatra, District of Batang Toru, North Sumatra Province, with an area of 1,639 square kilometers, below the sixth generation Contract of Work signed in April 1997.
Martabe Gold Mine now has a resource of 8.05 million oz of gold and 77 million oz of silver and is targeted to start production in early 2013, with an annual capacity of 250,000 oz gold and 2-3 million oz of silver lower cost.
Shareholders Martabe Gold Mine is G-Resources Group Ltd by 95 percent, and 5 percent other stake holders is PT Artha Nugraha Agung, which is 70 percent owned by the Government of South Tapanuli and 30 percent owned by the Provincial Government of North Sumatra.
Company Limited reported a net profit of PLN in the first half of 2013 amounted to 15 833 percent compared to the same period of 2012.
Head of Commercial Division PLN Benny Marbun in Jakarta on Thursday, said the first half of 2013, net income reached Rp 4, 78 trillion, a significant increase of Rp 4, 75 trillion over the same period of 2012 which only 30 billion.
“The increase in net income was mainly due to tremendous rise in foreign exchange earnings which are noncash Rp 7, 6 trillion,” he said.
In the first half of 2012, the electricity SOEs suffered losses at Rp 6, 7 trillion, while the first half 2013 profit rate RP0, 9 trillion in order to obtain foreign exchange gain of Rp 7, 6 trillion.
Though, Benny continued, on the other hand an increase in interest expense and finance Rp2, 3 billion and increase the tax burden Rp1, 6 trillion.
According to him, the increase in foreign exchange gain of Rp 7, 6 trillion, mainly due to the appreciation of the rupiah against the yen by 10.4 percent even though at the same time the rupiah depreciated 2.7 percent against the U.S. dollar.
In the first half of 2012, the rupiah depreciated against both the yen and the U.S. dollar, respectively 2.4 percent and 4.5 percent.
“PLN pretty much liability in that decline yen yen positive impact on net income,” he said.
Benny also said that the first half of 2013 operating revenues rose 4.8 percent to Rp116, 7 billion when compared to the first half of 2012 amounted to Rp111, 4 trillion.
The increase in revenue, primarily from an increase in sales volume due to the addition of electric power customers and increase rates on a quarterly basis starting in January 2013 account.
Meanwhile, the operating expenses recorded Rp98, 3 trillion, up 3.6 percent compared to 2012 Rp94, 9 trillion.
“The increase in operating expenses among others, due to increased consumption of fuel and lubricants due to increased electricity sales and rising fuel prices,” he said.
Thus, he continued, first half 2013 operating income rose R1, 9 billion or 11.5 percent of Rp16, 5 trillion to Rp18, 4 trillion.
To EBITDA increased 10.1 percent to Rp30, 4 trillion from Rp27, 6 trillion.
The amount of non-current assets increased 2.6 percent to Rp484, 6 trillion on June 30, 2013 from Rp472, 1 trillion on December 31, 2012.
Current assets rose 0.9 percent to Rp69, 2 trillion on June 30, 2013 from Rp68, 6 trillion at December 31, 2012.
“The total number of the company’s assets at the end of Semester 1 in 2013 amounted to Rp553, 8 billion or increased by Rp13, 1 trillion from Rp540, 7 billion at December 31, 2012,” said Benny.
Jakarta – PT Bank Permata Tbk recorded a net profit after tax (consolidated – unaudited) of Rp 818 billion in the first half of 2013, an increase of 15% over the same period in 2012.
Total operating income reached Rp 3,205 trillion in the first half of 2013, 12% higher than the same period last year of Rp 2,859 trillion, driven by good growth in net interest income and fee-based revenue (fee-based).
The net interest income grew 12% yoy to Rp 2,568 trillion, with sustained strong credit growth. While the revenue-based fee (fee-based income) rose 11% yoy to Rp 638 billion.
Director of Permata Bank, David Fletcher said the company’s operating performance improved strongly in the first half of 2013 was made possible through corporate discipline in carrying out the strategy.
“Permata Bank ended the period with a strong record of financial performance and good momentum in both segments of retail and corporate banking business (Retail and Wholesale Banking),” he said in a press release on Tuesday (07/30/2013).
The second half, continued David will bring a new challenge in the form of increased interest rates and the dynamics of the economy.
“Nevertheless, we believe that the Bank is in a good position amid this uncertainty,” he said.
In the first half of 2013, loans grew by 27% yoy from Rp 84.4 trillion at the end of June 2012 to Rp 106.9 trillion at the end of June 2013. Credit growth in almost all business segments, including strong growth in SME business, mortgage and lending to corporate and middle segments of the local market. Total assets reached Rp 144.3 trillion, up 31% yoy from Rp 110.6 trillion as of June 30, 2012.
More diverse funding base and grow sustainably. Third-party funds, including the Sharia – increased 32% yoy to Rp 116.1 trillion, where current and savings accounts (CASA) each recorded an increase of 16% yoy and 6% yoy. Meanwhile deposits recorded strong growth at 41% yoy. Sharia financing recorded a significant increase in the amount of 95% yoy.
Excellent credit quality reflects the Bank’s compliance to always keep the principle of prudence. Non Performing Loan (NPL) Gross improved to 1.2% as of June 30, 2013 compared to 1.6% in the previous year. Similarly, the net NPL has also improved to 0.4% from 0.5% in the same period last year.
Permata Bank also maintains a healthy level of capital to risk weighted assets (RWA) and ended the period with a Capital Adequacy Ratio (CAR) of 15.6%, up 232 bps compared to the previous year in spite of the strong credit expansion. Shareholders’ equity grew 35% yoy to Rp 13.2 trillion at the end of June 2013, supported by a limited public offering / PUT (Right Issue) by the Bank in the year 2012.
Some Taiwanese companies will build industrial park in Jakarta, Indonesia. The industrial zone will be the foundation for a number of Taiwanese companies to enter the Indonesian market.
On Saturday, July 27, 2013, China Steel Structur Co.. who is based in Kaohsiung has signed an agreement with Universal Acquire Advantage Land Development (AUA) to work together in developing and building industrial zones in the capital of Taiwan.
Industrial zone is planned to be developed on an area of 216 hectares and is expected to attract 120 companies with an annual production value of U.S. $ 30 billion. Government of Indonesia, according to Focus Taiwan, has given tariff reduction for industrial machinery sector, textiles, and agricultural production equipment.
AUA Chairman Hsu Chuan-jen said industrial zone is expected to develop into a row of Taiwan factory, so the language barrier is not compromised. Asian Development Outlook 2013 published Asian Development Bank (ADB) said Indonesia’s economic growth will increase to 6.4 percent this year. The increase was supported by strong domestic consumption and investment increased performance.
Industrial production in the recession-hit eurozone fell 0.3 percent in May compared with the previous month, the data agency Eurostat reported Friday, after three consecutive monthly increases.
April industrial production rose 0.5 percent in the bloc’s 17 states, the agency said in a revised figures, compared to March when the rate increased 0.9 percent, AFP reported.
Numbers in April and March which is a great improvement on the performance in the previous months, and analysts said the latest report showed euro zone recession is already running 18 months may soon end.
May decrease was primarily due to the weakening 2.3 percent in the consumption of durable goods, while capital goods declined 1.5 percent.
On the positive side, energy production rose 0.1 percent, intermediate goods rose 0.4 percent and non-durable consumer goods rose 0.6 percent.
Decline in industrial output is highest in Ireland, which saw a decrease of 2.7 percent and in Greece with a 2.1 percent decline.
Output rose 6.1 percent on the other side of the recession plagued Portugal and 2.0 percent in Estonia. While in the 27 European Union countries, industrial output fell 0.6 percent in May compared to April.
Compared with the previous year’s data, industrial production fell 1.3 percent in the eurozone and 1.6 percent in the EU.
JAKARTA – Special Unit Managing Upstream Oil and Gas (SKK Migas) said oil production in the first half of this year reached an average of 831,118 barrels per day (bpd), or 99 percent of the target set in the state budget in 2013 amounting to an average of 840,000 barrels of oil per day.
Head of Oil and Gas SKK Rudi Rubiandi, said as many as seven Sharing Contract (PSC) surpassed the revised budget target of 2013.
“That ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd,” Rudi said in Jakarta, Thursday (01/08/2013 ).
The following oil production of 7 KKKS who achieved the target:
1. ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890,
2. Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day,
3. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day,
4. PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day,
5. Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day
6. Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day
7. ConocoPhillips (Grissik) Ltd managed to produce 9,435 barrels of oil per day from its target of 9,430 barrels per day.
In honor of the Muslims who are fasting, Marcell Chandrawinata businesses in the culinary field inevitably have to be closed during the day and just started operation in the evening. But the sister of Nadine Chandrawinata remain grateful for his restaurant that night visited by visitors.
“At noon the heck is empty. Yeah grateful evening there were still eating,” said the movie’s GUYS MAKE DIZZY Friday (19/7) in SCBD, South Jakarta.
Yet 26-year-old man was admitted initially had feared that obtained decreased turnover. But from the experience of last year, it actually increased its revenue during the month of Ramadan.
“Initially not know how to handle the fast fitting, fear decreases, apparently not. Optimistic further increased this year,” hope actor who was born in Hannover, Germany was.
In fact, when the arrival time of dawn, Marcell frequent social activities with local people sharing food.
“Resto cave in Senopati, love to eat box around the neighborhood,” he said.
JAKARTA – The defendant Driving Simulator SIM corruption and money laundering, Inspector General (Police) Djoko Susilo, profit to Rp 14.8 billion from the business that they do with colleagues, Subekti Adianto. Business was built sejak1990, until early 2010.
Armed with a capital of USD 200 million, the money Subekti play with a variety of businesses, such as buying and selling gems, diamonds, foreign exchange, to provide loans to the merchant market. While testifying on Djoko at the Corruption Court in Jakarta, Tuesday (30/7), Subekti stated initial capital in January 1995 amounted to USD 200 million, in 2001 to bring profit to $ 5.8 billion.
In fact, he said, has increased again in 2002 to Rp 8 billion. He said, in 2001, Djoko Susilo was taking Rp 2 billion from the business profits.
However, in 2003, the remaining Rp 6 billion rose again to Rp 7.9 billion. “Then until 2010 to Rp. 14.8 billion,” said Subekti.
Well, said Subekti, in 2011 more money Djoko took advantage of their efforts. “From there it finished,” he said.
Subekti claimed to get the results by 70 percent, while 30 percent Djoko.
Head of Special Unit Manager Upstream Oil and Gas (SKK Migas), Rudi Rubiandini, said theft of oil in the piping groove-Plaju Tempino Jambi, South Sumatra, disrupt national oil production.
Decline in production, said Rudi, estimated at 12 thousand barrels per day. “This happens because the pumping is stopped,” he said, Thursday, July 25, 2013.
Although theft is harming the country, Rudi said he could not take any action. “We follow the first steps of Pertamina,” he said.
The theft occurred since July 17, 2013, or when the pipe connecting the oil field to the refinery fuel Tempino Plaju owned subsidiary of PT Pertamina operated. Police and employees of Pertamina EP and Pertagas find holes in 17 locations with a total loss of 17,563 barrels, or the equivalent of 18.29 percent of the amount of oil that flowed.
Looting occurred in July 24 when a leak was found four sites, of which at Bayung slick, Musi Banyuasin. Pertagas and PT Pertamina EP was forced to stop pumping oil.
Jambi Police spokesman, Assistant Commissioner of Almansyah, claimed not to know of the theft. This case, he said, will be followed by the Director of Vital Security Police Jambi.
President Director of Pertamina EP, Syamsu Alam, said the losses due to the theft of oil in a year to reach Rp 444 billion. January 2012 to March 2013, the volume of lost oil reaches 463 thousand barrels. “This does not include losses due to fire and damage the pipe,” he said.
Within a day, Pertamina EP oil pump as much as 11-13 thousand barrels. The crude oil produced Tempino field that has a production capacity of 9,500 barrels per day. Due to theft during the first semester of 2013, Pertamina suffered a cumulative loss of 290 thousand barrels, or around Rp 290 billion.
TVS Motor factory located in the Industrial area Suryacipta City Jl. Surya Madya I Kav. 1-30 Kutanegara Village, cikampek 41 361 East Karawang, West Java, in a single day can produce 150 to 200 units.
Then how much this bike components manufactured in Indonesia?
“Local contentnya for all motorcycle TVS in Indonesia is 65 percent and the rest is shipped from India,” said Vehicle Assembling, Agus Ahmad Yani told reporters on the sidelines of the visit TVS factory.
He explained, for components such as frames, tires, handle bars, etc. are produced in Indonesia and to the still shipped from India such as engines, cables, head lamp.
“If the headlamp is to be sent from India because reflektornya better. CDI is also shipped from India,” he added.
He added, which are exported to the motor itself is still using only local components for SKD (semi knock down) there are some parts that are paired from the destination country.
“For example, if the motor is to be exported, headlamp is not here but after a pair of new paired up there as well with the other parts are,” due diligence.