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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, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- PTC India Limited - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Parliament of New Zealand
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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