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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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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Australian Coal Association
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
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