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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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- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
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