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Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA


Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memorandum of understanding was signed on September 6 2011.

Insider further said, Awesome Coal was founded in Indonesia and controls 99.99% shareholding in PT Batu Kaya Berkat that owns 99.89% stake in PT Gunung Bara Utama  Gunung Bara has coal concession in Mantar, West Kutai, East Kalimantan. The transactions is subjet to extraordinary of shareholders meeting.



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Recent News

Tuesday, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...


Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...


Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said. Due to Ram ...


Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...


Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...


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