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Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
 COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silangkop Nusa Raya (SNR), which holds three exploration licenses in West Kalimantan near the Malaysian border (SNR Licences). The SNR Licenses cover an area of approximately 13,000 hectares, according to the company 's statement posted on company's website.
Cokal’s Executive Chairman, Peter Lynch said “that while recent exploratory work for metallurgical coal in the area was limited, surface samples of coal from surrounding areas had shown good coking coal properties and I am excited by the possibility of opening up a new area”. The table below shows the analytical results of surfaces samples taken from weathered outcropping coal seams from areas surrounding the SNR License area that are believed to continue into the SNR License area.
While little work has been done recently, earlier work in the area identified potential coking coal in the region. A review of the geological records of the area found that work done by a major Japanese coal company had identified coking coal bearing formations close to the western border of the SNR Licenses.
CEO, Mr James Middleton, said that the company intends to start a greenfield exploration programme in West Kalimantan to further determine the potential of the region. Cokal believes that the SNR properties are strategically placed within the region and have the potential to yield high value coking coal.
The final administrative details associated with the proposed acquisition are expected to be finalized in the June quarter of 2012 with initial mapping and preliminary geological work to start shortly after. As this is in effect a greenfield exploration programme, significant base line exploration (scout work and mapping) and approvals will be required before moving into drilling and subsequent phases of exploration. The acquisition cost is A$722,000 cash. Under the agreement, Cokal has acquired 75.2% of the equity of PT Silangkop Nusa Raya, the Indonesian Company owning the exploration licenses. Local Indonesian partners will hold the balance of the equity in PT Silangkop Nusa Raya. Cokal's local Indonesian partners have an option to finance their share of the project exploration and development costs through a loan from Cokal, at commercial interest rates, repayable out of their share of the future profits of PT Silangkop Nusa Raya.
The proposed acquisition has received Indonesian regulatory approval and PT Silangkop Nusa Raya has been converted to a PMA Company. Under Indonesian law a PMA Company is able to have up to 100% foreign ownership.
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 Tanzoz Resources to explore for coal in Tanzania and a cooperation agreement with Mozambique Government Mining Corporation, EMEM, to explore for coking coal in the emerging coal province of Mozambique.
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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
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