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Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) resource report which was conducted on a 500 hectare area (Zone A) within IBP’ s 3rd Generation CCoW (Coal Contract of Work) concession, according to a press release from Insani Bara Perkasa.
The press release furhter said, zone A made up 2% of IBP’s total concession area of 24,477 hectare. IBP is a wholly owned subsidiary of PT. Resource Alam Indonesia Tbk (IDX: KKGI). The JORC resource report indicates that Zone A (500 hectare) contains total coal resource of 56.1 million ton with an average calorific value of 4,400 – 4,200 on As Received (AR) basis.
PT. Britmindo stated that it would take approximately 7 to 8 weeks to complete Zone A’s JORC reserve report from here on. This scheduled time frame is slightly longer that initially expected due to long waiting list at the mining & mineral laboratories.
This will be the first out of a series of planned JORC survey that shall be undertaken by IBP as it is hoping to progressively prove up its coal resource and reserve.
Given that JORC survey on Zone A is almost complete, IBP is preparing to proceed with its next JORC survey on another 500 hectare area (Zone B) adjacent to Zone A.
PT. Britmindo pointed out that all major coal seams that were indentified on Zone A runs continuously through Zone B.
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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
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- Parliament of New Zealand
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- Tamil Nadu electricity Board
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- Minerals Council of Australia
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- Ministry of Transport, Egypt
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- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
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- The Treasury - Australian Government
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- Heidelberg Cement - Germany
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- International Coal Ventures Pvt Ltd - India
- The University of Queensland
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- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
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- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Australian Coal Association
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