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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Power Capital | LSE:PCGB | London | Ordinary Share | VGG7208M1095 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMPCGB
RNS Number : 5516E
Power Capital Global Ltd
13 May 2013
13 May 2013
Power Capital Global Limited
("Power Capital" or "the Company")
Joint Venture
and Off-Take agreement
Power Capital Global Limited (AIM:PCGB), the Asia based natural resources trading and logistics group, is pleased to announce that it has, through a recently formed joint venture company known PCG Coal (Indonesia) Limited ("PCI"), entered into an off-take agreement with PT Perdana Maju Utama ("PMU") to acquire up to one million metric tonnes of thermal coal. The Company is interested in a 51% equity stake in PCI.
PMU owns a coal concession totalling approximately 4,700 hectares located in East Kalimantan, Indonesia. It is anticipated that PCI will receive its first shipments of thermal coal from PMU during the next three months. PCI's branding and marketing of the coal has commenced to its end buyers. The contracted coal volume is forecast to be delivered by PMU over a twelve-month trading period following completion of the first batch delivery.
Simon Dewhurst, CEO, commented: "The establishment of PCI and the signing of this initial off-take agreement represents a key development in the implementation of our strategy to become an established natural resources trading and logistics group in Asia. We continue to explore other opportunities in the region such as the takeover of an established road haulage network and barge loading facility serving the thermal coal producers adjacent to PMU in East Kalimantan announced previously and I look forward to making further announcements on our progress on this and other initiatives as and when appropriate."
ENDS
Further information Power Capital Global Limited Simon Dewhurst Tel: +852 3695 5150 Northland Securities Luke Cairns/Edward Hutton Tel: +44 (0)20 7796 8800 GTH Communications Limited Toby Hall/Suzanne Johnson Tel: +44 (0)20 7822 7493/7492 Walsh
This information is provided by RNS
The company news service from the London Stock Exchange
END
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