25/05/2010                                                                 The Manager      Companies Announcements ...
against the said Supreme Court judgment No. 321 K/TUN/2009. Our client filed the         said “Judicial Review” on 20 Apri...
COMPETENT PERSON’S STATEMENTThe information in this report relates to mineral resources based on information evaluated by ...
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Notify batubara selaras sapta (ain't final)

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Buah bibir (APAC Coal Limited

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Notify batubara selaras sapta (ain't final)

  1. 1.   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 2010concerning the status of the appeal in the Supreme Court in Indonesia.APAC Coal has now been advised by our Indonesian litigation lawyer that the JudicialReview 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 ofownership of the shares” because a dispute on title of shares ownership is under thecompetence of the District Court and not the Administrative Court.The Board wish to also inform that the following advertisement was made in the JakartaPost, a national English daily newspaper, on Thursday 20 May 2010 in Indonesia. NOTIFICATIONOn 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 ofAttorney 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,
  2. 2. 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-JKT5. 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 SelarasSapta represented by its President Director, Mr. Rudy Santoso, we hereby notify andremind 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 byits President Director, Mr. Rudy Santoso, in order to prevent or refrain our client fromtaking any legal actions in relation to such transaction. Law Office “AMIR SYAMSUDDIN & PARTNERS” Dr. Amir Syamsuddin, SH, MHNurhasyim 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 8800ABOUT APAC COAL LIMITED (AAL)APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land inEast Kalimantan, Indonesia. A JORC compliant inferred resource of 18.2 million tonnesdefined as geological conceptual estimates at the tenement has been identified which isexpected to form the basis of an initial mining operation. This resource occurs within a verysmall area of the Concession (3.8%) with over 90% of the Concession yet to be explored toany significant degree. Kalimantan is the principal coal producing region of Indonesia, theworld’s 7th largest coal producer.APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in theupstream petroleum and coal business. Its core focus is petroleum, coal production, low-risk exploration and field development. Magnus has committed to providing a low costManagement and Finance Team in the initial phase of the development of APAC CoalLimited. For more information, please visit www.apaccoal.com
  3. 3. COMPETENT PERSON’S STATEMENTThe information in this report relates to mineral resources based on information evaluated by Mr EdwardRadley who is a of the Australasian Institute of the Mining and Metallurgy (AusIMM). Mr Radley is a fulltime employee of Ravensgate. Mr Radley has sufficient experience which is relevant to the style ofmineralisation and type of deposit under consideration and to the activity which he is undertaking to qualifyas a Competent Person as defined in the 2004 Edition of the “Australasian Code for Report of ExplorationResults, Mineral Resources and Ore Reserves” (JORC Code). Mr Radley consents to inclusion in the reportof the matters based on his information in the form and context in which it appears.

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