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Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO

 

Source: Insider Stories


Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wholly owned subsidiary PT Tuah Turangga Agung has acquired 60% stakes in PT Agung Bara Prima (ABP). The Value of the transaction is US$15.9 million.

According to United Tractors's Corporate Secretary Sarah K. Loebis, Agung Bara Prima mine is having estimated coal deposits of 10 million tons. "Agung Bara's mining is still green field," said Sarah as quoted by Kontan daily today.

in 2011, Agung Bara is targeting to to produce 1 million tons of coal annually. United Tractors is underway to close acquisition deal of an another  mining company which have around  20 million of coal reserves.



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Monday, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...


Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...


Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
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Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...


Saturday, 24 July 10
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