Indonesian coal producer drops lawsuit against Noble

It covered a breach of a technical services and management consulting agreement in 2015.

Noble Group Limited said Indonesian coal producer PT Alhasanie, a subsidiary of PT Atlas Resources Tbk, has dropped its lawsuit filed in July and against Noble’s subsidiary PT Pinang Coal Indonesia (PT PCI) and PT McMahon Mining Services. It was seeking damages in excess of US$20m from PT PCI.

According to an announcement, PT Alhasanie withdrew the lawsuit against PT PCI on 29 October 2018. The lawsuit concerned the alleged breach of a technical services and management consulting agreement made on 30 June 2015.

Also read: Indonesian coal producer slaps Noble with lawsuit

PT PCI had earlier submitted its own claim against PT Alhasanie under the agreement to Singapore arbitration, which is the contractually agreed forum for determination of all disputes thereunder.

“For reasons of confidentiality, the company is unable to disclose further details of PT PCI’s claim,” Noble added.

Also Read

Sembcorp wins 150MW wind-solar hybrid power project in India

Mooreast subsidiary, NTOU sign MoU for marine energy research

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit