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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR


The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent of the shares of mining and trading company PT Allbond Makmur Usaha. Renuka Energy will acquire the shares from PT Sanex International, Kong Tju Yun and Fauzan Pesik, Allbond Makmur president director Benny Suwandy said in a letter to the Indonesia Stock Exchange (IDX) on Monday.

Benny said the agreement was signed on Feb. 11. He did not provide any additional details.

Allbond Makmur was previously engaged in the manufacturing and marketing of motorcycles but shifted to mining and trading activities in 2008.
Source: The Jakarta Globe



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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...


Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
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Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...


Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...


Friday, 12 February 10
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Although the company’s revenues dipped in the December quarter, its long-term story is intact. Lower power generation and realisations saw ...


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