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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, 02 August 11
INDONESIA BECOMES SECOND LARGEST COKING COAL EXPORTER
COALspot.com - Indonesia, the largest thermal coal exporter in the world now becomes second biggest coking coal exporter to Japan. Indonesian’ ...
Tuesday, 02 August 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK TO PRESENT LATEST TRENDS
Press Release - Global commodities prices have been staying high since the beginning of 2011, resulting in the “TENSION” in various coun ...
Tuesday, 02 August 11
REALM RESOURCES TO ACQUIRE A 75% INTEREST IN THE KATINGAN RIA COAL PROJECT
COALspot.com - Scoping study at the Katingan Ria Coal Project, Central Kalimantan demonstrates positive technical and financial potential for the pr ...
Tuesday, 02 August 11
COAL INDIA TO INVEST IN GOLDEN ENERGY MINES
COALspot.com - Golden Energy Mines, part of PT Dian Swastatika Sentosa Tbk’s, is still negotiating with several strategic investors to o ...
Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
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- ICICI Bank Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
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