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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, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
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- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- MS Steel International - UAE
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
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