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Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was part of rights issue proceed done by United Tractors, as quoted by Insider Stories
Referring to the agreement, United Tractors has option to subscribe new shares worth US$100 million to be issued by TTA in a bid to raise capital.
Bukit Enim takeover United Tractors, via its wholly owned subsidiary PT Pamapersada Nusantara, has completed a 20 percent shareholding acquisition on PT Bukit Enim Energi.
Bukit Enim is located in Palembang and has managed coal mining area in Muara Enim, South Sumatra. Following the acquisition, Pamapersada is currently in talks with shareholders of PT Asmin Bara Bronang and PT Asmin Bara Jaan to raise stake to 60 percent.
Pamapersada is holding 30 percent stake in Asmin Bronang and Asmin Jaan, coal concession holders in Kapuas and Murung Raya, Central Kalimantan.
Source: Insider Stories
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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- Semirara Mining Corp, Philippines
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