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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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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
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