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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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- Planning Commission, India
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- Standard Chartered Bank - UAE
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- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
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- Petron Corporation, Philippines
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- McConnell Dowell - Australia
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- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
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- Straits Asia Resources Limited - Singapore
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- Attock Cement Pakistan Limited
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- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
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- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
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- Interocean Group of Companies - India
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- White Energy Company Limited
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- Baramulti Group, Indonesia
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- GN Power Mariveles Coal Plant, Philippines
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- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
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- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
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- South Luzon Thermal Energy Corporation
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- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
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- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
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- Wilmar Investment Holdings
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- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
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- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
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- SMG Consultants - Indonesia
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- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
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