JAKARTA. The new policy on mineral export has brought negative impacts to some mineral mining issuers. Recently, the shares prices of the mineral mining issuers dropped after the issuance of this regulation. PT Medco Energy International Tbk (MEDC) is one of the issuers, which suffer negative impacts of the regulation. Last year, the issuer succeeded to acquire Newmont Nusa Tenggara and renamed the company to Amman Mineral Nusa Tenggara. The new regulation has compounded the issuer to export mining products. The new policy has brought negative sentiments for MEDC, the parent of Amman Mineral. During the last two days, the share price of MEDC has dropped by 2.88%. On Wednesday (18/1), the price of MEDC’s stake was Rp 1,390 per a share. This has dropped by 10.61% from the highest price of MEDC’s stake at Rp 1,555 per a share on 4 January.
Be alert of mineral producers performance
JAKARTA. The new policy on mineral export has brought negative impacts to some mineral mining issuers. Recently, the shares prices of the mineral mining issuers dropped after the issuance of this regulation. PT Medco Energy International Tbk (MEDC) is one of the issuers, which suffer negative impacts of the regulation. Last year, the issuer succeeded to acquire Newmont Nusa Tenggara and renamed the company to Amman Mineral Nusa Tenggara. The new regulation has compounded the issuer to export mining products. The new policy has brought negative sentiments for MEDC, the parent of Amman Mineral. During the last two days, the share price of MEDC has dropped by 2.88%. On Wednesday (18/1), the price of MEDC’s stake was Rp 1,390 per a share. This has dropped by 10.61% from the highest price of MEDC’s stake at Rp 1,555 per a share on 4 January.
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