Indonesia Stock Movers: Bumi Resources, Delta Dunia Makmur
The Jakarta Composite index rose 0.6 percent to 4,001.07, gaining for a third straight day.
Metal Producers: PT International Nickel Indonesia (INCO) , the nation’s biggest producer of the metal, advanced 4.4 percent to 3,575 rupiah. PT Timah (TINS) , Indonesia’s largest tin producer, rose 1.7 percent to 1,770 rupiah. Nickel futures rose as much as 1.2 percent to $19,734 a metric ton in London today. Tin climbed as much as 1.5 percent to $22,100 a ton.
PT Bumi Resources (BUMI IJ), Indonesia’s biggest coal producer, increased 2 percent to 2,575 rupiah, the highest close since Sept. 21. The company’s metal mining unit, PT Bumi Resources (BUMI) Minerals, said it obtained an exploitation permit for an iron-ore concession in Mauritania.
PT Delta Dunia Makmur (DOID) , a coal mining contractor, jumped 10 percent to 740 rupiah, the highest close since Sept. 21. Delta said it obtained a five-year, $820 million extension on a mining contract from a unit of coal producer PT Bayan Resources.
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