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Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima Agung, for US$ 10.6 million on August 24, 2011.
With the additional purchase of shares, PT Tuah Turangga Agung now controls 100% stake in PT.Bara Prima Agung, according to the letter issued by company to Indonesian stock exchange.
PT. Bara Prima Agung is a company engaged in coal mining and holding production license ( IUP) as per approval letter 266/Distamben Regent Kapuas No. 2011, dated July 20, 2011 concerning the approval of business permits mining production operations.
Bara Prima Agung coal concession is located in the village of Buhut, Central Kapuas district ,Central Kalimantan province, with area of approximately 1,271 hectares.
Tuah Turangga Agung, recently agreed to acquire 60% stake in PT Duta Nurcahy a holder of a coal mining license in Hurung village, Juju Baru, North Barito, Central Kalimantan. PT Duta Nurcahy is holding 4,999 hectares of coal concession in Central Kalimantan.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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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 ...
Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
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- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
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- Orica Australia Pty. Ltd.
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- Gujarat Sidhee Cement - India
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