April 23, 2017 5:05 AM ET

Metals and Mining

Company Overview of PT Cakra Mineral Tbk

Company Overview

PT Cakra Mineral Tbk., through its subsidiaries, engages in the mining business in Indonesia. The company explores, mines, processes, and markets iron ore and metal zircon sand in the province of West Sumatra and Central Kalimantan. It also trades mineral commodities, as well as exports its products to China, Japan, Korea, Netherland, and Ukraine. The company was formerly known as PT Citra Kebun Raya Agri Tbk. and changed its name to PT Cakra Mineral Tbk. in April 2013. The company was founded in 1990 and is based in Central Jakarta, Indonesia. PT Cakra Mineral Tbk. is a subsidiary of Redstone Resources Pte Ltd.

Komplek Perkantoran Red Top

Blok E-7,8,9

Jl. Raya Pecenongan No. 72

Kebon Kelapa

Central Jakarta,  12950

Indonesia

Founded in 1990

Phone:

62 21 351 9380

Fax:

62 21 345 3704

Key Executives for PT Cakra Mineral Tbk

PT Cakra Mineral Tbk does not have any Key Executives recorded.

PT Cakra Mineral Tbk Key Developments

PT Cakra Mineral Tbk expected to report Fiscal Year 2016 results on April 22, 2017. This event was calculated by Capital IQ (Created on April 16, 2017).

PT Cakra Mineral Tbk expected to report Fiscal Year 2016 results on April 22, 2017. This event was calculated by Capital IQ (Created on April 16, 2017).

PT Cakra Mineral Tbk, Annual General Meeting, Jun 24, 2016

PT Cakra Mineral Tbk, Annual General Meeting, Jun 24, 2016, at 07:00 Coordinated Universal Time. Location: Camelian Room, Redtop Hotel Ji. Pecenongan72 Jakarta Pusat 10120 Indonesia

Cokal Limited Looking At Alternative Proposals

Cokal Limited (ASX:CKA) has been actively engaged in pursuing a number of alternative financing opportunities. While discussions with PT Cakra Mineral Tbk (JKSE:CKRA) are continuing two other alternatives transaction proposals have been received which are being actively developed. The first is a potential merger with an established ASX listed entity. The entity has an experienced Board and management and it has conducted technical due diligence investigations of Cokal including site visits and advised Cokal that its diligence enquiries have substantially been completed. The entity has advised Cokal that there is a key bid pre-condition (which is not within Cokal's control) and that subject to satisfaction of that condition, it is willing to quickly progress the proposal to finality. It has been indicated to Cokal that this could occur as early as within 4 weeks. Cokal has engaged with BM Intelligence Group. The Interest from BM Intelligence has arisen particularly now that Indonesia has recently become a prime country for Chinese foreign investment. The preferred structure that has been proposed to Cokal involves Cokal floating its immediate Singapore subsidiary, Cokal Holdings Pte. Ltd. through a Cokal owned Chinese subsidiary, on the Shanghai exchange to raise $50 million- $100 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 7, 2016
A Zircon Mine
 

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