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Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's disclosure, the Agreement relates to two exploration licences (PT. Tata Borneo Wikajaya (5500 ha) & PT. Tata Buana Kharisma (10000 ha)) in the Long Bagun District, Kutai Barat Regency in East Kalimantan Indonesia.
The Project lies to the south west of the Mahakam River and in close proximity to the Mamahak Village, an area known to produce semi soft coking coal.
Highlights:
Potential to acquire up to 100% ownership in two coal exploration licences in East Kalimantan
Vendors to be paid A$800,000 via an issue of 4,000,000 Shares at a deemed issue price of A$0.20, a 90% premium to the last traded price for the acquisition of the initial Stage 1 Interest
Exploration licences are in close proximity to the Mamahak semi-soft coking coal mine
The exploration licences cover a total land area of 15,500Ha (155km2)
The Company will undertake a technical due diligence work program on the exploration licences
Company remains fully funded with approximately A$3.75m as at December 2011
About EPIC
Epic Resources is an Australian-based exploration company that was initially established to acquire, explore, evaluate and exploit uranium-REE deposits and explore prospective uranium tenements and other minerals.
Epic Resources entered into a Farm-in Agreement with Cazaly Iron Pty Ltd (Cazaly), pursuant to which the Company has a right to earn a 75% interest in the Quartz Hill Project.|
In addition to seeking to earn a 75% interest in the Quartz Hill Project and as outlined in the Company’s Prospectus, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment.
These projects may include other types of minerals including, without limitation, coal, iron ore, copper, gold, manganese, tin, nickel, potash and tungsten.
For more information, visit www.epicresources.com.au
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Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
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- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- Price Waterhouse Coopers - Russia
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- Minerals Council of Australia
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- Independent Power Producers Association of India
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- Singapore Mercantile Exchange
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- Goldman Sachs - Singapore
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- Global Coal Blending Company Limited - Australia
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- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
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- Georgia Ports Authority, United States
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Coalindo Energy - Indonesia
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- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
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- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
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- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
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- CNBM International Corporation - China
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- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- Global Business Power Corporation, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
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- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
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