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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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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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- ICICI Bank Limited - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
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