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Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
 COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of the leading Indonesian shipping company providing point-to-point transportation solutions to transport coking coal from BBM mine. The JV will own and manage the shallow river barges and tugs design specifically for PT Bumi Barito Mineral (BBM).
According to company's website, the Bumi Barito Mineral (BBM) is a PMA company with an ownership structure of 60% Cokal and 40% Indonesian owners. The mine covers an area of ~19,400ha and is immediately adjacent to BHPBilliton's Juloi tenement, straddling the Barito River. The low ash coking coal will be produced from shallow opencut mining extraction using trucks and shovels. The coal will travel ~700 kilometres down the Barito River using river barging techniques tried and proven on similar rivers in many countries including the USA and Brazil.
MDM is part of the Meratus Group which has operated in Indonesian shipping since 1957 and has provided barging and shipping services to a number of the major Kalimantan coal operations. MDM have also worked on the Barito River over a number of years. The Barito is a major coal barging river on which BBM is located.
The JV is an accumulation of almost 2 years of studies into river based shallow draft barging systems which have confirmed its effectiveness on the Barito River. While shallow draft barging systems are used extensively worldwide the system has not been used in Indonesia to date, the note from company says.
Recently the BBM’s river barging solution moved to the next phase and US Naval Architects were retained to do detailed design for contract tenders to be issued. This is scheduled for completion in third quarter 2013. MDM’s practical input and detail knowledge of barging on the Barito has been invaluable in this phase.
Cokal’s Chairman and CEO Mr Peter Lynch said “this strategic partnership enables MDM to bring the experience and knowhow necessary to ensure the success of river barging on the Barito River, and for Cokal to be a part of controlling the critical part of its supply chain. This is a significant achievement for Cokal as we draw closer to the commencement of our coking coal production in a mid 2014”.
MDM Coal Transloader
MDM will operate the river barges and the river supply chain. They have a proven track record in this area and are experienced and well respected operator throughout Indonesia where they are known for their innovative solutions.
MDM’s Managing Director, Jorn Annweiler said “given our extensive experience in river barging in Indonesia we saw this as a real opportunity to be part of introducing new concepts to river barging in Indonesian that will bring about significant change and benefits to the industry”.
ABOUT MDM
Meratus is a leading Indonesian shipping company providing point-to-point transportation solutions. It has an integrated network of owned offices throughout Indonesia and places strong emphasis on safety, quality and customer focus. All vessels are maintained to international standards with AIACS and BKI Class, ISM and 9001 certification.
Established in 1957 Meratus has grown and become a household name in Indonesian shipping. Currently Meratus is engaged in several sectors of shipping and transportation.
ABOUT COKAL
Cokal Limited Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in five projects in Central Kalimantan and one project (which holds three exploration licences) in West Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanzoz Resource Company Limited to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
ABOUT BBM
The BBM Coal Project (IUP 188.45/149/2013) is situated in Central Kalimantan, Indonesia in the prospective metallurgical Upper Barito Coal Basin, Regency of Murung Raya. The Project covers an area of 15,000 hectares. The Project is adjacent to the BHP Billiton’s, Indomet Coal, Joloi Project in Murung Raya Regency.
BBM has a JORC Resource of 77 Million tonnes (Mt) in multiple seams comprised of 70Mt Inferred and 7Mt Indicated as well as an Exploration Target1 of 200 to 350Mt in thirteen seams within the Eastern Block of the BBM IUP (approximately 40 percent of the Project area). Cokal is completing definitive studies and obtaining the necessary approvals with the aim of commencing construction in October 2013 which would see first production occur in the first half of 2014.
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
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- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- ASAPP Information Group - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
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