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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stakes of Indonesian coal exploration company, PT Apuah Kutai Langgong (Apuah), from Hj Muhammad Abdullah MH and/or his associates.
According Atech's announcement to Australian Stock Market today, the proposed transaction is subject to various conditions precedent, including ATH completing due diligence investigations in respect of Apuah and Apuah being satisfied with the outcome of those investigations.
Apuah has full exclusive rights to mine and sell thermal coal and acquire coal assets in Indonesia. Apuah is operating and its assets include 5,000 hectares in Tapin, South Kalimantan, and 1,200 ha in Tanah Bumbu, South Kalimantan.
If the proposed transaction proceeds, the proposed transaction will involve a change in the nature and scale of ATH’s current activities and accordingly, ATH will be required to re-comply with chapters 1 and 2 of the ASX listing rules and to obtain approval from ATH shareholders.
As consideration for the sale of the Apuah sale shares, ATH has agreed to issue Hj Muhammad Abdullah MH and/or his nominees 200 million fully paid ordinary shares in the capital of ATH, at an issue price of A$0.20 per share. Apuah has also granted ATH an option to acquire an additional 200 shares in the capital of Apiah for an exercise price of A$ 50m, with an exercise period of 2 years.
ATH has been granted a right to exclusively deal with and conduct due diligence investigations in respect of Apuah for a period of 60 days. This period may be extended for an additional 60 days at ATH’s discretion. ATH has agreed to pay Hj Muhammad Abdullah MH and his associates A$ 500,000 as consideration for being granted this right.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
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