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Tuesday, 23 April 13
TIGERS REALM COAL HAS SOME OF THE WORLD'S BEST UNDEVELOPED COKING COAL ASSETS - EXECUTIVE CHAIRMAN
COALspot.com - “ During 2012, your Company has made very significant progress towards meeting its stated objective of becoming a global player in the seaborne coking coal market, and in many ways it has been a year of transformation” said Tony Manini, Executive Chairman of Tigers Realm Coal Limited during annual general meeting today.
According to company’s ASX release, after successfully acquiring the highly promising Amaam North exploration licence early in the year, a comprehensive review of the Company’s assets, resources and funding requirements was completed. A decision was taken to rationalize the project portfolio and re-focus our efforts towards maximising value from the outstanding opportunities presented by our projects in Far East Russia.
According to Executive Chairman of Tigers Realm Coal Limited, the shift to a SINGLE PROJECT, SINGLE COUNTRY STRATEGY enabled a significant reduction in corporate costs, and coupled with the rationalization of the project portfolio, is consistent with the company’s obligations and desire to maximize value for shareholders.
The report further said that, the financial position of the company is solid, with the balance sheet strengthened by successful capital raisings of $ 9.7M and $ 21.2M in August 2012 and February 2013. Funds raised have enabled the completion of the Pre-feasibility Study and ongoing resource definition drilling at Amaam and the completion of an initial drilling program coupled with rapid progression of studies on a low cost, fast track production option at Amaam North.
Tigers Realm Coal Limited is targeting its first production in 2015. The exploration program at Amaam increased total resources by 40% to 412Mt, with 63Mt upgraded from Inferred to Indicated Resource status.
According to the report, the Amaam Pre-feasibility Study completed in March 2013 confirmed an economically robust, large scale, low operating cost combined open pit and underground coking coal project generating an estimated Net Present Value of US$885M and an Internal Rate of Return of 19%.
The compelling investment metrics position Amaam as one of the most attractive coking coal investment opportunities in the world today, the company said in its ASX release. These will be further refined as Bankable Feasibility Studies (BFS) are progressed in 2013-2014.
In April 2013, Tigers Realm Coal Limited proposal to build a 15Mtpa coal terminal at Arinay Lagoon was included in the Russian Federal Government Territorial Planning Scheme, the report said. “ This is a major permitting milestone as it enables the Company to proceed with detailed engineering and design of the coal terminal required for the BFS”, Executive Chairman said in his note.
The potential of mine, longer term, with an Exploration Target of 30-400 million tonnes, Amaam North has the potential to grow the greater Amaam basin coal endowment to over 1 billion tonnes.
“ Tigers Realm Coal has some of the world’s best undeveloped coking coal assets in its project portfolio and after a year of very significant progress in 2012 I am confident that 2013 will be an exciting and defining year as the Company continues its relentless drive towards producer status” the Executive Chairman said in his closing statement .
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
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- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
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- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
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- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
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- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
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- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- The Treasury - Australian Government
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- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
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