Refishowcase Business & Finance

PT Delta Dunia Makmur Tbk (DOID), through subsidiary PT Bukit Makmur Mandiri Utama (BUMA), insists not have plans to acquire two of Bakrie group companies, namely PT Darma Henwa Tbk (DEWA) and the subsidiary of PT Bumi Resources Tbk ( EARTH) PT Kaltim Prima Coal and PT Arutmin Indonesia.

“The company is always exploring opportunities to do business with mining companies to improve their performance,” said Director Ariani DOID Sofjan Vidia, in the information statement to the Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (6/1/2010).

Discussion BUMA with DEWA and with PT Kaltim Prima Coal and PT Arutmin Indonesia at present only in the early discussion stage in order to explore mutual business opportunities and have not reached a concrete agreement. BUMA also from time to time make an assessment with other mining companies.

News is increasingly DOID was widely rumored as exploring opportunities to acquire a coal mining contract DEWA’s strategic in PT Kaltim Prima Coal and PT Arutmin Indonesia. Northstar Mine Persada Pte Ltd actively negotiating with the Earth, the owner of KPC and Arutmin, to explore the possibility. Northstar Persada control 20 percent stake in Delta Makmur, while Caceis Bank has five percent of the company’s.

Until September 2009, the income derived from DEWA coal mining services reached USD116, 86 million, down 14.69 percent compared with the position as of September 2008 worth USD136, 99 million.

Just to remind, the company acquired the entire shares of PT Bukit Makmur Mandiri Utama (Buma) with a transaction value of approximately USD550 million, equivalent to Rp5, 5 trillion. In the acquisition, the company assisted by Barclays Capital as a financial advisor. Through the purchase, meaning Buma will implement a backdoor listing through the World Delta.

For information, current Buma provides services to several coal producers such as PT Adaro Indonesia, PT Arutmin Indonesia, PT Kideco Jaya Agung, PT Berau Coal and PT Gunung Bayan. Buma controlled 24 percent of industry market share of coal mining contractors in Indonesia last year.

BUMA income last year reached USD693 million last year, more than half of the income Pamapersada, with total assets of USD581, 3 million. Meanwhile, Buma coal production reached 36.4 million tons with the removal of land 261.3 million bcm

Vice President Jusuf Kalla (JK) asserted, will no longer give permission to the coal mines of foreign companies. JK reasoned, Indonesia has always been a problem with foreign mining companies, as happened to Newmont and Freeport.

“Must remain a national company. Experience with Freeport and Newmont more angry than happy,” said JK attending coordination meetings during the development of electricity, the utilization of Buton asphalt, rattan exports, and the acceleration of infrastructure in Southeast Sulawesi, in the office of Governor House East Sulawesi, Kendari, Monday (29/6/2009).

In front of the head of Southeast Sulawesi region, the Vice President also said mining of mineral exploration should not damage the environment.

JK cautioned bahkann to the regents not to grant permission for foreign companies mining activities in Indonesia.

“Do not feel so regent kings themselves.’ll Go set the governor, an important goal for the welfare of the people. No magistrate who gave permission to foreigners,” he concluded

ExxonMobil recorded a profit that fell 23 percent from last year to $ 6, 05 billion. Despite the fall, this number is a number that is better than previous market expectations.

Reporting from the AFP, Tuesday (2/2/2010), for full-year profits for ExxonMobil scored USD19, 3 billion, in which this figure has declined sharply as many as 57 percent compared to the profits that had printed registration USD45, 22 billion a year earlier.

“Although global economic conditions remain difficult, ExxonMobil delivered strong business results and built for long-term focus. We provide financial strength to continue investing in new energy supplies to help meet global energy demand and to fuel economic growth. Capital and exploration expenditures of $ 27, 1 billion in 2009, “said Chairman and Chief Executive Rex Tillerson ExxonMobil.

In the fourth quarter performance was the largest oil companies in the U.S. recorded a price per share of 1.27 dollars per share, better than the previously expected 1.19 dollars on Wall Street.

Tillerson said, the performance results are supported by lower refining results, the margin of fuel and natural gas lower, but the realizations partly offset by the production of crude oil higher.

The income for the period October to December rose six percent, better than previously estimated for USD89, 84 billion. But for 2009, revenue fell 35 percent from the previous year to USD310, 59 billion.

This result largely reflects the decline in global energy prices from record levels in 2008, which has pushed profits of ExxonMobil and other energy companies as well.

For information, crude oil prices had soared and reached a record USD147 per barrel in July 2008, had also fallen below USD34 per barrel in February 2009, which eventually re-surged back above $ 70 per barrel.

Most of ExxonMobil’s profits come from upstream, or production and exploration, which resulted in operating profit to $ 5, 78 billion. As for the downstream sector is derived from refining and marketing side of producing an operating loss of USD189 million as profit margins are lower.

Noted, ExxonMobil shares rose 2.02 percent in morning trading in New York to USD65, 73 per share. On the other hand, in the last week rival ExxonMobil, Chevron’s profit fell 37 percent to $ 3, 07 billion in the fourth quarter, with annual profits fell 56 percent to $ 10, 48 billion.

Meanwhile, ConocoPhillips reported profits last week for USD1, 2 billion in the fourth quarter and $ 4, 8 billion for this year. This figure rebound from 2008 when the cost of causing hefty losses.

PT Sumber Alfaria Trijaya Tbk (AMRT) is exploring the possibility of working together to create a minimarket network in Vietnam.

This was revealed AMRT Henryanto Company Secretary Komala in his report on information disclosure Indonesia Stock Exchange (BEI), in Jakarta, Monday (1/2/2010).

The corporate purposes for such cooperation is in accordance with the company’s vision to become the retail players and create added value for its stakeholders.

Therefore, early assessment of the feasibility study is still in the process and its realization is still waiting time can not be determined at this time.

The failure of Japanese airlines, Japan Airlines (JAL), the profit for Garuda Indonesia. This state-owned airline will replace the route that will be left JAL, namely Jakarta-Tokyo pp.

“We started flying from Jakarta to Tokyo, before Garuda also
already operating a route Jakarta-Denpasar-Tokyo. Hopefully the target load factor of this new route could reach more than 80 percent, “said President Director of Garuda Emirsyah Satar in Jakarta last week.

Up to now JAL still operates Tokyo-Jakarta route. However, with bankruptcy, the airline is owned by the Japanese government will reduce the number of its fleet, including Boeing 747 aircraft that will be face out.

During this international passengers flying JAL, including for
Jakarta-Tokyo route by plane. Later, the airline will only serve domestic routes.

According to the Emir, to serve the flight route, Garuda will use Airbus 330-200 aircraft. Wide-body aircraft has a capacity of nearly 300 passengers.

In addition to these routes, this year Garuda will also fly to Europe that the plan made at the beginning of the second semester-2010.