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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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Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
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- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
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- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
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- Standard Chartered Bank - UAE
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- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
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- Medco Energi Mining Internasional
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- Independent Power Producers Association of India
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- Chamber of Mines of South Africa
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- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
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- The University of Queensland
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