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Tuesday, 23 April 13
REALM CONTINUES AS 51% OWNER AND MANAGER OF THE KATINGAN RIA THERMAL COAL PROJECT
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced today that, the commercial way forward for the development of its 51% held Indonesian thermal coal project, Katingan Ria, has been clarified following termination of the Master Agreement with its Indonesian Partners (PT SMAA).
Consequently Realm’s option to acquire an additional 24% in Katingan Ria for additional staged payments totaling US$17m has been cancelled, according to company’s announcements to ASX Limited today.
- Realm continues as 51% owner and manager of the PT Katingan Ria thermal coal project
- Indonesian partners continue to add value and support cooperative coal business expansion in the region
- Focus shifting to financing and development, following imminent release of the feasibility study, and advances in permitting
The announcement further said, importantly, Realm and its Indonesian partners have committed to progress the project cooperatively with their current shareholdings remaining at 51% and 49% respectively and to be governed by the existing shareholders agreement which enshrines Realm as the manager of the Project.
In addition, Realm and PT SMAA have reaffirmed their intention to cooperatively build a larger coal business in the Katingan and adjacent regencies, by formalizing a “Cooperation Agreement”.
Commenting on the development, Chairman Richard Rossiter said, “We are pleased that, together with our partners, we have reaffirmed our agreement to cooperatively expand our coal business in the region. The focus will now shift to financing and development and completion of the permitting phase, following imminent release of the feasibility study results”.
About: PT Katingan Ria thermal coal project
The Katingan Ria coal project is located near the town of Tumbang Samba in Central Kalimantan, Indonesia. The Company aims to reach 2.5 mtpa after a 3 year ramp-up from early 2014. The planned operation consists of an open cut haulback mining method using hydraulic loaders and rear dump trucks to dump both inpit and expit. Coal is transported from the pit by 60 t road trucks approximately 45 km to a stockpiling and barge loading facility on the Katingan River. Barges will then transport coal 435 km from the stockpile area to the river mouth for transhipment into coal ships for delivery to market.
Coal is planned to be sold “unwashed”, meaning there is no metallurgical treatment required to achieve a saleable product. The coal is expected to be predominately sold as a low ash and low sulphur coal ideally suited for modern Indian and Chinese power generation.
About Realm
Realm’s strategy is to create shareholder value through exploration and development of bulk commodity projects, primarily in coal. In addition, the Company has platinum group metals, advanced exploration projects and an aluminium dross treatment plant in South Africa.
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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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- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
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