3
25/05/2010 The Manager Companies Announcements Office Australian Stock Exchange Limited Exchange House Level 4, 20 Bridge Street Sydney, NSW 2000 APAC Coal Ltd (ASX Code: AAL) refers to our announcement on the 08 March 2010 concerning the status of the appeal in the Supreme Court in Indonesia. APAC Coal has now been advised by our Indonesian litigation lawyer that the Judicial Review has been filed with The Indonesian Supreme Court. The Board and the legal advisors wish to reiterate that the previous judgements (adjudicated by the Administrative Court) are not the ones determining the “title of ownership of the shares” because a dispute on title of shares ownership is under the competence of the District Court and not the Administrative Court. The Board wish to also inform that the following advertisement was made in the Jakarta Post, a national English daily newspaper, on Thursday 20 May 2010 in Indonesia. N O T I F I C A T I O N On behalf of our client, PT Batubara Selaras Sapta, represented by its President Director, Mr. Rudy Santoso, a company having its address at Jakarta Stock Exchange Building, Tower 2, Suite 2305, Jl. Jend. Sudirman, Kav 52 – 53 , Jakarta 12190, based on Power of Attorney dated 3 May 2010, we hereby notify the public of the following : 1. Our client, PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, is a party to a court case adjudicated by The Administrative Court of Jakarta on 28 January 2009 under the court judgment No. 141/G/2008/PTUN-Jkt. ; 2. The said court case was referred to The Administrative High Court of Jakarta and The Administrative High Court of Jakarta adjudicated on this court case on 26 May 2009 under the court judgment No. 85/B/2009/PT.TUN.Jkt. ; 3. The Indonesian Supreme Court has also adjudicated on this court case and the adjudication was made on 13 November 2009 under the Supreme Court judgment No. 321 K/TUN/2009 ; 4. Our client, PT Batubara Selaras Sapta, represented by its President Director, Mr. Rudy Santoso, has already filed “Judicial Review” (Peninjauan Kembali = PK) with The Indonesian Supreme Court, through The Administrative Court of Jakarta,

Notify batubara selaras sapta (ain't final)

Embed Size (px)

DESCRIPTION

Buah bibir (APAC Coal Limited

Citation preview

Page 1: Notify batubara selaras sapta (ain't final)

 

25/05/2010                    The Manager Companies Announcements Office Australian Stock Exchange Limited Exchange House Level 4, 20 Bridge Street Sydney, NSW 2000 

APAC Coal Ltd (ASX Code: AAL) refers to our announcement on the 08 March 2010 concerning the status of the appeal in the Supreme Court in Indonesia. APAC Coal has now been advised by our Indonesian litigation lawyer that the Judicial Review has been filed with The Indonesian Supreme Court. The Board and the legal advisors wish to reiterate that the previous judgements (adjudicated by the Administrative Court) are not the ones determining the “title of ownership of the shares” because a dispute on title of shares ownership is under the competence of the District Court and not the Administrative Court. The Board wish to also inform that the following advertisement was made in the Jakarta Post, a national English daily newspaper, on Thursday 20 May 2010 in Indonesia.

N O T I F I C A T I O N On behalf of our client, PT Batubara Selaras Sapta, represented by its President Director, Mr. Rudy Santoso, a company having its address at Jakarta Stock Exchange Building, Tower 2, Suite 2305, Jl. Jend. Sudirman, Kav 52 – 53 , Jakarta 12190, based on Power of Attorney dated 3 May 2010, we hereby notify the public of the following : 1. Our client, PT Batubara Selaras Sapta represented by its President Director, Mr.

Rudy Santoso, is a party to a court case adjudicated by The Administrative Court of Jakarta on 28 January 2009 under the court judgment No. 141/G/2008/PTUN-Jkt. ;

2. The said court case was referred to The Administrative High Court of Jakarta and The Administrative High Court of Jakarta adjudicated on this court case on 26 May 2009 under the court judgment No. 85/B/2009/PT.TUN.Jkt. ;

3. The Indonesian Supreme Court has also adjudicated on this court case and the

adjudication was made on 13 November 2009 under the Supreme Court judgment No. 321 K/TUN/2009 ;

4. Our client, PT Batubara Selaras Sapta, represented by its President Director, Mr.

Rudy Santoso, has already filed “Judicial Review” (Peninjauan Kembali = PK) with The Indonesian Supreme Court, through The Administrative Court of Jakarta,

Page 2: Notify batubara selaras sapta (ain't final)

against the said Supreme Court judgment No. 321 K/TUN/2009. Our client filed the said “Judicial Review” on 20 April 2010 under the registered number 141/G/2008/PTUN-JKT

5. It shoud be noted that all the aforementioned court judgments are not the ones

determining the “title of ownership of the shares” because a dispute on title of shares ownership is under the competence of District Court and not the Administrative Court.

Based on the above mentioned judicial facts, on behalf of our client, PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, we hereby notify and remind the public not to make any transaction on title of ownership of the said shares, including sales and purchase of the shares of PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, in order to prevent or refrain our client from taking any legal actions in relation to such transaction.

Law Office “AMIR SYAMSUDDIN & PARTNERS”

Dr. Amir Syamsuddin, SH, MH Nurhasyim Ilyas, SH, MH S u b a n i, SH, MH ________________________________________________________________________

CONTACT DETAILS: COMPANY Sam Di Giacomo Interim Chairman APAC Coal Ltd         T: 61 8 9451 8800

ABOUT APAC COAL LIMITED (AAL) APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land in East Kalimantan, Indonesia. A JORC compliant inferred resource of 18.2 million tonnes defined as geological conceptual estimates at the tenement has been identified which is expected to form the basis of an initial mining operation. This resource occurs within a very small area of the Concession (3.8%) with over 90% of the Concession yet to be explored to any significant degree. Kalimantan is the principal coal producing region of Indonesia, the world’s 7th largest coal producer. APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in the upstream petroleum and coal business. Its core focus is petroleum, coal production, low-risk exploration and field development. Magnus has committed to providing a low cost Management and Finance Team in the initial phase of the development of APAC Coal Limited.

For more information, please visit www.apaccoal.com

Page 3: Notify batubara selaras sapta (ain't final)

COMPETENT PERSON’S STATEMENT

The information in this report relates to mineral resources based on information evaluated by Mr Edward Radley who is a of the Australasian Institute of the Mining and Metallurgy (AusIMM). Mr Radley is a full time employee of Ravensgate. Mr Radley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Report of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Radley consents to inclusion in the report of the matters based on his information in the form and context in which it appears.