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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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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Planning Commission, India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
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