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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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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Planning Commission, India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
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