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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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Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...


Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...


Monday, 19 July 10
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The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...


Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
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Saturday, 17 July 10
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