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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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Recent News

Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...


Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...


Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...


Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...


Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...


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