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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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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
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