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Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte Ltd.
Noble has agreed to purchase 4.8 million tonnes of coal over the next four years from the Nadvara mine in East Kalimantan.
Pan Asia release said “The Nadvara project is one of a number of projects that Pan Asia will be acquiring rights to under the acquisition of Innovation West. These projects will provide a mix of immediate cash-flow - from the provision of finance, a flagship project nearing development, advanced high potential exploration projects & a pipeline of additional project opportunities. The locking in of this financing is the last commercial item securing the rights to the package of thermal coal projects & the Company will now be moving forward expeditiously to complete the transaction.”
Mr Alan Hopkins CEO of Pan Asia believes the signing of this landmark agreement with Noble will prove to be a key milestone in the development of the Company's thrust to become a significant supplier to the Asian coal market. He said “Via the acquisition of Innovation West we will now not only have a significant portfolio of advanced coal projects, but with Noble as an international off take partner, we are well placed to achieve our ambitions of becoming a significant supplier of competitively priced energy into the emerging Asian markets.”
The completion of this arrangement with Noble now provides a very advanced & balanced package of assets being acquired as part of the Innovation West acquisition. In connection with the coal purchase agreement, Noble has provided prepayment finance of AUD 2 million.
The Company's rights to coal from the NDV mine form part of the IW acquisition and the preparation of notice of meeting to approve the acquisition is well advanced and an announcement on this will follow in the short term.
Source: SteelGuru
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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
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- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Planning Commission, India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- The University of Queensland
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
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