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Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coal-fired power stations in the regency of Murung Raya, Central Kalimantan in Indonesia.
Cokal chairman Peter Lynch said the company has signed two MoU’s with the Murung Raya Regency and was aiming to be exporting coal from the region by mid-2013. Detailed Agreements arising from these MoU’s are currently being finalised.
Cokal Managing Director & CEO Jim Middleton and Director Domenic Martino attended a signing ceremony with the Head of the Murung Regency Government, Bp Willy Yoseph, in the capital, Puruk Cahu (along with the Head of the Local House of Representatives). Mr Willy Yoseph commented that he was very happy to have Cokal, with its experience and skills, committed to working with the Regency to develop infrastructure to mutual benefit.
Cokal has previously confirmed high quality premium metallurgical coal at its 60% owned Bumi Barito Mineral (BBM) project in Central Kalimantan. Cokal announced a maiden Inferred Resource of 60Mt of Metallurgical Coal, comprising 60% coking and 40% PCI, in December 2011. The Inferred Resource covered 8% of BBM’s 19,920 ha, which is located immediately adjacent to BHPBilliton’s Juloi tenement.
Mr Lynch said Cokal’s first MoU with the regency was to develop two river ports for coal stockpiling and barge loading on the Barito River to service the needs of BBM as well as other future Cokal projects in the regency.
He said the second MoU is for the potential development of two small scale coal-fired power stations (5 -10MW) in the regency. This could service the needs of proposed Cokal mines in the area, as well as providing benefits to the local community.
Mr Middleton announced that the Regency Government’s Development Corporation would be a joint venture partner with Cokal, and is committed to provide assistance for this infrastructure development.
“This co-operation and assistance will help us to quickly move into the production phase. The Regency Government is enthusiastic about the mine development as it brings jobs, education and prosperity to the region. “Cokal has committed to a high level of community engagement through an effective community social responsibility program focused on education and training, employment and local infrastructure development.
Mr Middleton said concept studies for the port infrastructure and power stations will commence immediately, funded by Cokal. “Subject to a positive outcome of the studies, Cokal will be examining a range of options whereby this vital infrastructure may be project financed,” he said.
Kalimantan is located favourably in a geographic sense, being on the doorstep of the world’s biggest and strongest growing markets.
Mr Lynch commented that the MoU’s and the corresponding planned Agreements, are part of expediting planned metallurgical coal production in this high quality coal basin, while providing significant benefits to the local community.
Source: Cokal website
About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture with Tanoz Resources to explore for coal in Tanzania and a co-operation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
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Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
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- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
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