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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
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