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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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Monday, 13 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The current sentiment in the dry market resembles memories from the end of 2008, when the Baltic Dry Index closed at the level of 663 points on Dece ...
Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unpro ...
Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery a ...
Saturday, 11 February 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY
The week was highlighted with intense worries in the eurozone for Greece to secure its second bailout of $130billion by applying a ...
Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
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- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
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