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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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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Planning Commission, India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
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