>>MSCI – Two additions to MSCI Indonesia: Charoen Pokphand Indonesia (CPIN) and Kalbe Farma (KLBF). Estimated buying volume for CPIN is 43.5mn shares, for KLBF is 133mn shares.>>>
"إِنَّا مَكَّنَّا لَهُۥ فِى ٱلْأَرْضِ وَءَاتَيْنَهُ مِن كُلِّ شَىْءٍۢ سَبَبًۭا فَأَتْبَعَ سَبَبًا Sesungguhnya Kami telah memberi kekuasaan kepadanya di (muka) bumi, dan Kami telah memberikan kepadanya jalan (untuk mencapai) segala sesuatu, maka diapun menempuh suatu jalan." (QS. AL KAHFI:84-85)
>> Saham Agung Podomoro Dilepas Rp365 per Unit >>> INDY: After mkt close the major shareholders placed out a USD 200m block of stock, or about 10% of cap at 3675 (range 3600-3725) at a 5.7% discount. The placement was said to be 3X subscribed to.

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Rabu, 25 Februari 2009

Bloomberg Europe Commodity Day Ahead: China Buys Zinc, Invests in Peru

Feb. 25 (Bloomberg) -- China, the world’s biggest producer of zinc, agreed today to buy $168 million of the metal from domestic smelters, and plans to increase purchases to almost a month’s worth of national production, a company executive said.

Mining companies including Aluminum Corp. of China, China Minmetals Corp. and Shougang Corp. will invest $2.78 billion this year in Peru’s mining industry, doubling last year’s investments, as they seek copper and iron-ore deposits, Energy & Mines Minister Pedro Sanchez Gamarra said.

INDUSTRIAL METALS, MINING

China Said to Plan to Raise Zinc Purchases to a Month’s Output. China, the world’s biggest producer of zinc, agreed today to buy $168 million of the metal from domestic smelters, and plans to increase purchases to almost a month’s worth of national production, a company executive said.

Peru’s Mining Industry Will Double Spending in 2009. Peru’s mining industry will double investments this year as companies develop copper and iron-ore deposits, Energy & Mines Minister Pedro Sanchez Gamarra said. Mining companies including Aluminum Corp. of China, China Minmetals Corp. and Shougang Corp. will invest $2.78 billion this year, up from $1.4 billion in 2008, Sanchez told a congressional panel today. more...

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