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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

Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...


Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...


Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...


Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...


Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...


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