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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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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
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