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Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
 COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibility study on the PT Transcoal Minergy (TCM) coal project in South Kalimantan, according to press release issued by Pan Asia Corporation Ltd . Pan Asia Corporation Limited is a rapidly growing diversified resources company primary listed on the Australian Securities Exchange and secondary listed on the Frankfurt Stock Exchange and with offices in Perth and Sydney, Australia and Jakarta, Indonesia.
This agreement follows the recently completed independent study which indicated the project’s viability targeting 1.5 million saleable tones of high CV coal annually over a 15 year period.
The scope of works for study is comprehensive and includes all aspects normally addressed in a final feasibility study. Key front end items include the additional drilling program currently underway to improve confidence in all aspects of the geological information and to also assess the opportunity for an open pit operation in the central west part of the concession. This drilling will also provide a preliminary determination of the status of the North Area under-ground resources as a potential second under-ground operation.
Pan Asia has also recently appointed Palaris Mining Pty Ltd as an independent adviser to the final feasibility study. Palaris has been extensive in consulting on underground mining projects.
The Current resource for the TCM concession is 52.20 million tones comprising 22.04 million tonnes of indicated resources and 30.16 million tones of inferred coal resources. The average coal quality is 6,534 kcal/kg (adb), moisture 5.65%, ash 14.24%, and TS 1.16%. The study is scheduled to be completed by the end of the first quarter of 2012 and will represent a major step forward for the company.
Pan Asia’s CEO Alan Hopkins says, “We have now launched into the final feasibility study stage of this project, and its outcome should prove to be one of the catalysts that significantly re-rate the company.
Additional drilling and test work has already started, and we look forward to the resource updates to come. In June 2011, Pan Asia announced that KOPEX had completed an independent study on the TCM project with a recommendation that the project be advanced to final feasibility stage. The study indicated that 1.5 million saleable tonnes annually 15 years, following initial construction, is considered achievable. Based on the levels of details in that study, the target underground area at TCM presents a viable and economic opportunity. Additional underground mineralization may exist in the North area.
Kopex considered a number of mining methods that could be employed and concluded that retreat long wall mining would be the preferred method due to potentially higher extraction rates and controlled caving methods to best attain the saleable tones established for the project.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
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- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
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