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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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Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...


Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...


Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010. GR 23/2010 has issued to sup ...


Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...


Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...


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