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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, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
...
Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
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- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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