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Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
 The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the capital of the Indonesian province of East Kalimantan.
The contract area covers 100 hectares and is located near to operational haulage road, stockyard and conveyor loading jetty. The mine produces sub-bituminous coal of caloric value 5100- 5300 Kcal/kg. This type of coal, also known as steam coal, is generally used for power generation.
A drilling exploration program conducted during due diligence process estimated proven reserves of 1.1 million tonnes of coal, with potentially much higher reserves to be explored. Based on the terms of an agreement signed with the mine owner, PT GTM, and a subsidiary of the company, the company has the rights to extract and sell a minimum of 5 million tonnes of coal within a period of four years.
Production has commenced and initial production volume is estimated at 30,000 tonnes of coal per month, with a production target of 70,000 tonnes by the end of the year. Stripping ratio averages 3.62 for the initial production phase. The first barge shipment of coal is expected in October 2010 and end buyers will come from China, Philippines or India.
Mirach Energy selected and embarked on a small mine area for its first venture into the coal production business to ensure that the business model and the risks profile of the project sits well with the company’s current structure and scale. This first coal venture will form a platform for Mirach Energy to develop its coal segment to strengthen and build up a healthy cash flow for the Company, while developing its other oil and gas assets. It is currently negotiating for other larger coal mines with the intention to acquire the rights to increase its coal mining operations.
Source:The Edge Singapore
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Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- The University of Queensland
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
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