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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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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
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