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Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
 Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kalimantan, Indonesia, comprising 59Mt of Measured Resources, 107Mt of Indicated Resources and 131Mt of Inferred Resources.
The open cut Coal Reserves are estimated to total 80Mt, of which 15Mt are classed as Proved and 65Mt as Probable. Mining operations are targeted to commence at Tanur Jaya during the 2011 financial year.
The independent JORC Resource and Reserve Statement – which was produced by PT Runge Indonesia, and issued under the Minarco-MineConsult (MMC) name. MMC is an associated entity.
The Statement was based on drilling programs undertaken at Tanur Jaya in 2009 and represents an "excellent" result for Kangaroo and its joint venture partner, demonstrating the robust nature of the Project.
Mark O’Keeffe, managing director, said the completion of the resources and reserve statement for the Tanur Jaya Project represented another very positive milestone for the company as it continues to ramp up coal production in Indonesia.
“The completion of the coal resource and reserve statement was high on our list of priorities and, was better than expected - achieving nearly three times the initial targeted resource."
"The mining reserve of 80 million tonne shows the Project is robust and we are excited about moving it toward production,” O’Keefe said.
“We will now move quickly towards finalising a decision to mine in consultation with our joint venture partners and we expect to confirm this production plan over the coming months,” he added.
Kangaroo is currently completing an investment participation that will allow it to ultimately acquire a 49% interest (subject to completion of investments terms) in the Tanur Jaya Project, which is expected to become its next operating coal project in Indonesia.
The new resource and reserve statement, in conjunction with a Life of Mine (LOM) Study, Market Report, Coal Price Forecast Report, and Geotechnical Investigation for Feasibility Study on Pit Design will now be utilised in preparation for the start of mining operations at Tanur Jaya.
The Coal Resources average coal quality is TM 39.1% (ar), IM 18.6% (adb), CV 5,255kcal/kg (adb) and 3,930kcal/kg (gar), ash 5.1% (adb), sulphur 0.13% (adb) and RD 1.36 (adb).
Coal Reserves average coal quality is TM 39.2% (ar), CV 3,834kcal/kg (gar), ash 5.0% (ar), sulphur 0.10% (ar) and RD 1.26 (ar).
The Tanur Jaya Project is an advanced coal concession located a short distance to the north east of Kangaroo’s existing GPK Project.
The company is targeting a start-up production rate of up to 50,000 tonnes per month with planned production then targeted to ramp up to 2Mtpa in late 2011 and increase to 4Mtpa during 2012.
The annual production schedule is commencing at 2Mtpa in FY 2011 and ramping up to 4Mtpa with five-yearly increments to the end of the known mine life.
The conceptual life-of-mine study completed for Tanur Jaya was based on its development as a multi-seam, low-dip open cut coal mine.
Source: Proactive Investors
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Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
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- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
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- SMC Global Power, Philippines
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
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- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
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- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
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- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
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- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
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- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
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