Winternar Tbk -WINS group awarded contract of USD 18 million from PT Kaltim Prima Coal.

PT Wintermar, a subsidiary of WINS has received a Letter of Intent from PT Kaltim Prima Coal (KPC) to provide three units highly maneuverable Azimuth Stern Drive (ASD) tug for a period of five years to assist the berthing and unberthing of large bulk carriers up to 220,000 dwt.

KPC is a world-class open-pit coal mine located in Sangata, East Kalimantan, Indonesia. KPC commenced its operation in 1992 and produces quality steaming coal for export to the Asia Pacific region and beyond. KPC has exported thermal coal to Asia and Europe’s leading power generation utility companies and a range of the world’s steel makers.

PT Wintermar will deploy its 3 brand new built vessel for this contract. PT Wintermar operates ASD tugs serving various oil terminals in Indonesia since year 2000. The 5 year contract with an estimated value of USD 18 million will commence on the last quarter this year.

Bank Danamon Tbk - Second Quarter 2011 Financial Results

Danamon reported a net profit after tax of Rp 1,473 billion for the first semester of 2011 against a net profit after tax of Rp 1,433 billion in the same period last year. The mere increase was mainly due to higher earning assets volume was largely offset by narrower interest margin. Meanwhile, operating expense increased 15% as the bank continued to build up its presence in various market segments. Cost of credit also increased but at much lower rate than the loan growth rate. Conservative risk management and prudent credit underwriting discipline kept our cost of credit and assets quality at satisfactory level. Hence, Basic Earnings per Share (EPS) was at Rp 175 as compared to Rp 170 a year ago.
 

Income Statement
Capitalizing on robust business expansion and rising household
income, Danamon continued to grow its customer base across

Bakrie Sumatra Plantations (UNSP) - Debts Restructuring

Bakrie Sumatra Plantations (UNSP) finally completed the restructuring of debts owned by one of its subsidiaries, Domas Agrointi. With the restructuring, the lender gives relief to Domas to pay interest only for one year, without having to pay the principal debt repayments. The plan, after Domas can produce well and making a profit, Domas will begin to repay principal owed​​. So that was Domas debt default status is now turned into a regular debt.
This year UNSP will focus on developing oleochemicals business that had been occupied Domas. UNSP expects  oleochemicals business will give contribution about 80 % to consolidated sales in 2012

Joint venture between Krakatau Steel (KRAS) and POSCO Korea

Krakatau Steel's subsidiary and companies from South Korea's Pohang Steel and Iron Company (POSCO) will form a new joint venture in mid 2012. Later, in the joint venture, KRAS will control 30% of shares companies that will be enlarged to 45%, and the rest belongs to POSCO. The new company plans to run a cement plant with a capacity of two million tonnes per year and chemical plants. In addition the joint venture subsidiary will also build a power plant that also utilize the results of steel production wastes.

BW Plantation (BWPT) - Q2 2011 Results

BW Plantation (BWPT) net profit in first half of this year predicted by the management company rises above 80% driven by increased production volumes and rising sales prices.
At this year's production of FFB, CPO, and the kernel rises above 40%. The selling price rose 10-15% compared to the position last year. The Company is currently completed the acquisition of new land area of ​​50.000 to 100.000 ha, mostly located in East Kalimantan.

Jakarta, July 19, 2011- PT. Medco Energi Internasonal Tbk is pleased to announce its success on the offering of the first phase of Self-Registered Medco Energi Internasional USD Bond I ("Self-Registered USD Bond I) amounting USD 50 Million, as part of the Self-Registered USD Bond I's maximum principal amount of USD 150 Million. The Self-Registered USD Bond I is ranked id AA-(double A minus, negative outlook) from PT. Pemeringkat Efek Indonesia (PEFINDO), as stated in certificate No.564/PEF-Dir/IV/2011 April 28, 2011.

Since Self-Registered USD Bond I Phase I bidding process began on June 14, 2011, Medco Energy has successfulyy obtained USD 50 Million on July 14, 2011, with coupon rate of 6.05% per annum, which will be paid quarterly starting on October 7, 2011. Approximately 60% of the funds obtained from the Bond proceeds after cost of issuance will be used as full or partial repayment of the Company's debts with priority toward maturing debts and/or the company's debt with higher interest rates and approximately 40% of which will be used for the Group's capital expenditure.

Managing Underwriter appointed by the Company are PT Bahana Securities and the Trustee of PT Bank Mega Tbk

Wintermar Offshore marine Group - (WINS Groups) Has Ordered Supply Vessel for Deepwater Drilling Support

WINS’s subsidiary, WM Offshore, has ordered the Group's third Platform Supply Vessel. This 76 m Platform
Recovery Safety Standby vessel of about 3,500 expected to be delivered in June 2012 and will be deployed to support deepwater drilling and operations of the oil and gas industry in Indonesia. In addition, PT Wintermar, a subsidiary of WINS has been awarded a 2 year contract from Total E & P company organized and existing under the laws of the French Republic, to provide a supply vessel commencing Total Indonesie is presently Indonesia's biggest producer of gas with her main field concentrated in Bekapai, Handil, and Peciko, East Kalimantan. The vessels main scope of work involves:
• anchor handling and towing
• safety standby services
• cargo transport services
• passenger transport
• oil spill clearance
• firefighting services
The contract is valued at about USD 6.5 commence next year in February 2012. WINS group has won 23 new tenders from January to May 2011, with total contract on hand valued as at end of May 2011.