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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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Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Xindia Steels Limited - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
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