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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR


The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent of the shares of mining and trading company PT Allbond Makmur Usaha. Renuka Energy will acquire the shares from PT Sanex International, Kong Tju Yun and Fauzan Pesik, Allbond Makmur president director Benny Suwandy said in a letter to the Indonesia Stock Exchange (IDX) on Monday.

Benny said the agreement was signed on Feb. 11. He did not provide any additional details.

Allbond Makmur was previously engaged in the manufacturing and marketing of motorcycles but shifted to mining and trading activities in 2008.
Source: The Jakarta Globe



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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...


Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY Activity  has  gradually  improved  in  the  Atlantic  throughout  the  week.  All areas&n ...


Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
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Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...


Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...


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